UOB Receives In-Principle Licence from State Bank of Vietnam

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UOB Receives In-Principle Licence from State Bank of Vietnam UOB is the first Singapore bank to receive in-principle foreign owned subsidiary bank (FOSB) licence from...

JTC Acquires Merrill Lynch’s International Trust and Wealth Structuring Business

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JTC Acquires Merrill Lynch’s International Trust and Wealth Structuring Business Independent fiduciary, funds and corporate service provider JTC has confirmed its acquisition of Merrill Lynch...

CIMB Adds Seven Staff at Singapore Private Bank

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CIMB Adds Seven Staff at Singapore Private Bank CIMB recently hired seven people at its private bank in Singapore. Five of them recently started and...

Franklin Templeton Appoints Avinash Satwalekar as Country Manager for Malaysia

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Franklin Templeton Appoints Avinash Satwalekar as Country Manager for Malaysia Franklin Templeton Investments has appointed Avinash Satwalekar as Country Manager for Malaysia.  He will report...

Standard Chartered Reports 2016 Results

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Standard Chartered Reports 2016 Results Standard Chartered reported an operating income of $13.8 billion in 2016. It was down 11% compared to 2015. The private banking...

Perpetual Investments Appoints New Chairman

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Perpetual Investments Appoints New Chairman Perpetual Investments has named the former Chairman of Australian Securities and Investments Commission, Tony D’ Aloisio as Chairman elect. Peter...

BlackRock Plans to Launch Private Fund in China

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BlackRock Plans to Launch Private Fund in China BlackRock is preparing to set up a private fund in China. The firm intends to set up...

BlackRock AUM Grew $1.1 Trillion, Reported $6.28 Trillion AUM at the End of 2017

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BlackRock AUM Grew $1.1 Trillion, Reported $6.28 Trillion AUM at the End of 2017 The World’s Largest Asset Manager BlackRock reported $6.28 Trillion AUM at...

Credit Suisse Hong Kong Pays $47 Million to United States Authorities to Resolve Investigations...

Credit Suisse Hong Kong Pays $47 Million to United States Authorities to Resolve Investigations of Hiring Practices in Asia Credit Suisse Hong Kong will pay...

Alibaba Founder Starts Wealth Management Business in Hong Kong Led by Ex-UBS Banker Cooper...

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Alibaba Founder Starts Wealth Management Business in Hong Kong Led by Ex-UBS Banker Cooper Liao Alibaba has entered the Wealth Management business in Hong Kong...