Wealth Management
Moody’s: Chinese banks want life insurers
Moody’s: Chinese banks want life insurers
Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.
BEA opens new branches in high-traffic locations
Bank of East Asia opened its Maritime Square Branch and SupremeGold Centre to penetrate high-traffic locations. The branches are located in a large...
Analysts: OCBC ratings unaffected by ING acquisition
OCBC's acquisition of ING's Asia private banking assets will not materially affect its strong capitalisation, according to Standard and Poor's. The...
Allen Lo appointed UBS Hong Kong CEO
UBS AG appointed Allen LO as Country Head for Hong Kong and Chief Executive of UBS AG, Hong Kong Branch.
UOB wants to chop insurance arm
According to Top News, The move is a clear indication of increased optimism among executives, who are looking at terminating the business.
CIMB prepares agency leaders for Malaysian expansion
A training programme tailored for its agency leaders fortified CIMB's Wealth Advisors' plan to expand its distribution network.
Nomura acquires NikkoCiti Trust and Banking Corp
The Nomura Trust and Banking Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., has successfully completed the acquisition of NikkoCiti...
ING to sell Australian wealth management biz to ANZ
ING has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner...
Dhanalakshmi sizes up asset management options
Dhanalakshmi Bank intends to enter the asset management business by investing US$3.085 million to US$4.1 million in an existing fund. The move could...
ING receives bids for its Asia, Switzerland assets
The transaction aims to help ING pay its US$14.25 billion debt from the Dutch government.
Stanchart launches Private Banking in Taiwan
With high net worth individuals set to double by 2012, Stanchart wants to double its AUM.
HLB launches new insurance plan
Hong Leong Bank has launched Hong Leong Endowment Plus, a new insurance plan that pays customers a guaranteed cash payment of 5% and potentially an...
Deutsche Bank lists first money market ETF on SGX
Deutsche Bank and Singapore Exchange Limited launched Asia’s first money market ETF on SGX--the db x-trackers US Dollar Money Market ETF. db x...
BEA expands in Taiwan via wealth management
The Bank of East Asia opened BEA Wealth Management Taiwan, its newly-formed and wholly-owned wealth management services subsidiary in Taiwan.
Fubon's net profit for 1H09 down by 60%
Fubon Bank and its subsidiaries reported a net profit of US$13 million for the first half of 2009, with the global financial crisis and the ensuing...
Morgan Stanley gets dealership license in India
Morgan Stanley has received approval for a Primary Dealership (PD) license from the Reserve Bank of India, a significant step in further building out...
Union Bank operates with new name and logo
Union Bank, N.A., a consolidated subsidiary of Mitsubishi UFJ Financial Group and The Bank of Tokyo-Mitsubishi UFJ formerly known as Union Bank of...
