Wealth Management

Japanese banks seek M&As overseas

Japanese banks seek M&As overseas

MUFG has spent a billion dollars buying a stake in fintechs.

HSBC India launches premium credit card for private banking clients

Wealthy cardholders in India increased their credit card spending by 87% in 2023.

Wealth transfer a critical topic for APAC advisers: survey

Sensitivity to talking about death and inheritance is named as the top challenge.

Standard Chartered eyes $200b in net new money in next five years

The bank plans to expand its relationship manager team by 50%.

Siam Commercial Bank inks MOU with Thailand Privilege Card

It will provide financing and investment services to card members.

WealthTech Endowus breaks US$7b mark in assets under advice

Its Private Wealth client offering has surpassed US$2b in assets managed.

Endowus Hong Kong’s client base increased sevenfold

The group has surpassed US$200m in private markets and hedge funds.

HSBC unveils invitation-only credit card for ultra wealthy clients

It debuted in Hong Kong and will launch in Singapore and India next.

Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong

Chi brings over 20 years of experience into her new role.

Citi poaches JPMorgan banker to lead FX institutional sales in 4 APAC regions

Anand Goyal will begin in December, and will be based in Singapore.

Digital wealth platform Arta Finance launches in Singapore

Arta said that 1.6 million non-SG investors will have $4.8t in assets in the city by 2028.

7 in 10 consumers use ‘financial gymnastics’ to maximise rewards

Credit cards remain to be the top choice, with 47% saying that this drives their usage decisions. 

HSBC enhances Premier offering with health protection, future planner tool

The tool will provide recommendations and access to a relationship manager.

EFG Bank clinches three Citi bankers to bolster Hong Kong operations

Seamus Yin, Miao Miao, and Lianghan Chen all previously worked at Citi Private Bank.

SG WealthTech platform StashAway launches HNWI wealth offering in the UAE

Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve.

Technology to underpin future of financial services

Banks should boost their online infrastructure as digital assets become the norm.