Wealth Management

Nomura and MBK Partners discuss KEB bid

Parties in early talks for joint bid for KEB even as ANZ showed interest.

Nomura and MBK Partners discuss KEB bid

Parties in early talks for joint bid for KEB even as ANZ showed interest.

AXA grants NAB extension to win regulator’s nod

Exclusivity agreement prevents AXA from seeking bids from other banks for 6 weeks.

RBS upgrades Asian investment banking with key appointments

Appointments of 4 RBS high calibre heads aimed to provide world class banking in region.

NAB to seek asset buyers of investment manager Axa Asia

Lender in negotiation to dispose assets to win approval of Australia’s regulator.

Fitch: Japanese investment banks return to profit

Agency still cautious as Europe's sovereign credit crisis can pull down anemic growth of Japanese lenders.

ANZ expands wealth management services in Japan

ANZ launched a new sub-branch in Nagoya to provide more convenient wealth management services to  Japan’s major metropolitan centres.

Extension of Axa Asia deal with NAB possible

Parties discuss move to sell assets to appease the Australian Competition & Consumer Commission.

Nomura announces correction to financial statements

The correction related to Nomura Securities Co Ltd's Capital Adequacy Ratio does not affect the firm's consolidated financial position.

DBS to add hundreds of wealth management staff

Lender wants bigger share of private banking market as 23% quarterly profit rise disappoints.

Aberdeen reduced bank borrowings by £150 million

Aberdeen Asset Management PLC reported underlying profit before tax of £92.6 million for six months to 31 March 2010.

Nomura announces dividend payment

In line with its dividend policy for the fiscal year ended 31 March 2010, Nomura will pay a dividend of 4 yen per share to shareholders of record as...

UOB Asset Management awards fund administration to BNY Mellon Asset Servicing

BNY Mellon selected due to its robust global infrastructure capable of supporting administration needs in Asia.

Morgan Stanley posts $9.1 billion of net revenues

The reported number is a 33 percent rise from the end of the year.

Nomura establishes local subsidiary in Korea

Under the Financial Investment Services and Capital Market Act, the Financial Services Commission of Korea has granted final approval for the...

BNP Paribas and Fortis Investments complete merger

The combined entity is now operating under the brand name BNP Paribas Investment Partners.

DBS hires Morgan Stanley banker Tan Su Shan

Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.

Hang Seng enhances wealth management offerings

Hang Seng became the first bank in Hong Kong to set an RMB prime as the base rate for RMB finance.