Markets

11 South Korean financial firms found violating rules in selling HK-tied securities

Authorities will soon issue a guideline for the firms to compensate investors.

Malaysia, Cambodia float plans to link domestic payment systems

They are also aiming to eventually enable cross-border QR payments between the two countries.

Citi names J.P. Morgan banker as head of banking, executive vice chair

Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.

Citi names Joy Cheng as head of Hong Kong commercial bank arm

Cheng brings 30 years of banking experience to the role.

German, Philippine central banks ink MOU for personnel training

Deutsche Bundesbank will carry out training services and advisory assistance for BSP personnel.

Thai broker KKPS, Nasdaq ink deal for banking and brokerage risk platform

KKPS is expected to benefit from a rapid onboarding process.

Norinchukin Bank agrees to invest in food and agri startup fund

The bank will also support growth of food and agri startup companies.

Mizuho names new president and CEO for trust banking arm

Kenichi Sasada was head of the asset management division and real estate unit.

South Korea cracks down on noncompliant private equity fund firms

Authorities first introduced the cancellation scheme in October 2021.

Mizuho names crisis chief for specialty assigned matters

The position change is effective on 29 January.

SMBC, RCBC ink MOU to promote foreign direct investments to the Philippines

They do this alongside the Philippine Economic Zone Authority.

Mizuho, BPI renew business cooperation agreement

The agreement aims to provide Japanese companies with banking support in the Philippines.

Malaysian central bank warns against entities impersonating it

A social media post had claimed that the central bank is supporting an investment platform.

MUFG aims to double asset management exposure to JPY200t by 2029

The bank has outlined growth plans to grow its AM business.

Mizuho aims to join “trillion dollar club” in asset management: report

The bank is reportedly in talks with overseas asset managers for deals.

Former PH finance secretary appointed to monetary board

He joins a seven-member board headed by BSP governor Eli Remolona, Jr.