Wealth Management
CBA backs away from funds management industry
CBA backs away from funds management industry
Commonwealth Bank of Australia plans aggressive Asian expansion as the lender wants acquisitions and formation of strategic partnerships focusing on...
Penjing, Triple A form hedge fund venture
Penjing Asset Management entered a joint venture agreement with Triple A Partners to raise capital to start hedge funds in Asia.
Maybank Investment, Mizuho Securities ink deal
The two parties agree to join their expertise in exploring opportunities and providing excellent service.
State Bank of India receives insurance regulator's nod
SBI partners with Insurance Australia Group to open SBI General Insurance.
Chin is new UBS Hana CEO
Michael Chin has been appointed CEO of UBS Hana Asset Management effective in January 2010.
HSBC: Affluent customers prefer Shariah banking
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
China's AMC market eyed by Taiwanese holding firms
Two Taiwanese holding companies want to profit from opportunities posed by Chinese asset management companies.
United Overseas Bank partners with S. Korean firm
The tie-up aims to widen investment options in Asia of investors of both companies.
Regulator rejects China Strategic's Nan Shan bid
Lack of details and inconsistencies in data caused regulator's disapproval.
Bank of Baroda, Andhra Bank to launch insurance
India regulator's nods IndiaFirst Life kick off in December with $43.34mln start-up capital.
NAB acquires Calibre Asset Management
Move aims to realize the bank's goal of capitalising wealth boom of high-end customers in Asia-Pacific.
HSBC underwrites RMB bond in China
HSBC China joined the underwriting group for Renminbi-denominated bonds that have been issued by Bank of Shanghai. It marks the first time a locally...
Punjab National Bank finds no takers for PNB Gilts
Lack of buyer leaves PNB to acquire PNB Gilts as an option.
Central Huijin set to recapitalise Export-Import Bank
Sources said the Chinese bank would possibly issue $11.7 billion to inject capital into Exim Bank.
Taiwan bars foreigners to invest in time deposits
Financial Supervisory Commission seeks to prevent currency bubble after discovering foreigners parking $15.5bln in time deposits.
AIG Finance HK acquired by CCB Asia
The deal beefs up China Construction Bank's customer base and services for small and medium enterprises.
Morgan Stanley resells 34.3% stake in CICC
Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.
