Wealth Management
NAB's wealth management pushes group revenue up to $1.4B
NAB's wealth management pushes group revenue up to $1.4B
NAB posted unaudited cash earnings of $1.4 billion in the first quarter of the 2012 financial year.
Nomura incurs $136M net loss for April-Dec.
Nomura incurred a group net loss of US$136 million in the April to December period partly due to a slump in business for corporate customers.
Krishna designated as Edelweiss Co- Fund Manager
Edelweiss Mutual Fund announced changes in the fund management responsibility.
Khazanah-linked Jadwa Investment declares 15% higher dividend
Jadwa Investment, linked with Malaysian governments investment arm Khazanah Nasional Berhad, has declared 15 % higher dividend of RM1.26 a share.
AmInvestment Bank eyes RM30 B in managed assets
AmInvestment is hoping to have RM30 billion in total assets under management by end of its financial year on March 31.
Baring likens South Korea to 80s Japan
South Korea is in a good position to boost exports to emerging and developed markets in 2012, according to Baring Asset Management.
ANZ Asia's private banking head resigns
Nina Aguas has left her posts as managing director of ANZ's Asia-Pacific private banking arm to pursue other opportunities. Aguas, who was based in...
Sales of wealth products in China more than doubled in 2011
Chinese banks more than doubled sales of wealth management products in 2011 to an estimated 15.5 trillion yuan or $2.46 trillion.
Japan's Kokusai drops Italian, Spanish, Belgian bonds
Kokusai Asset Management has removed bonds of Italy, Spain and Belgium from its $25 billion fund, Japan's top mutual fund.
BSN's Wealth Management to contribute up to 15% revenue
Bank Simpanan Nasional expects its wealth management division to contribute up to 15 per cent of the bank's revenue next year.
RBS to double wealth assets in Asia by 2015
RBS will double its private banking assets in Asia within five years from the $15 million it currently manages.
Barclays Wealth appoints head for Greater China unit
Barclays Wealth has appointed Januar Tjandra as Head of Greater China, to be based in Hong Kong, effective 5 December 2011.
Aladdin Capital to dispose corporate credit funds to Mitsubishi
Aladdin Capital Holdings LLC is splitting off part of its asset management business into a new company majority owned by Japanese trading firm...
Australia's Crescent Wealth targets Malaysian investors
Crescent Wealth is targeting investments from Malaysia, which is home to the world's second-largest Islamic funds market with about US$5 billion...
OSK-RHB merged entity will be top 3 investment banking group in M'sia
OSK Investment Bank Bhd will bring its expertise in the regional investment banking business and small and mid-cap companies in a merger with RHB...
Julius Baer and Macquarie enter into strategic partnership
Julius Baer Group Ltd. (VX: BAER) and Macquarie Group Ltd. (Macquarie, ASX: MQG) today announced they had entered into a strategic collaboration...
Bank Muamalat offers dual currency investment product
Bank Muamalat has launched the Islamic Dual Currency Investment, which will be initially offered in the Malaysian Ringgit, Euro and US Dollars to...
