Wholesale Banking
OCBC names Elaine Heng as head of global commercial banking
OCBC names Elaine Heng as head of global commercial banking
Tan Yuen Siang will join the global wholesale banking leadership team.
Franklin Templeton names new co-heads of Global Official Institutions Group
The new office will serve central banks and sovereign wealth funds globally.
CIMB launches 6-year roadmap to enhance operations
Forward30 aims to position CIMB for long-term growth.
Deutsche Bank, Yonyou ink MOU to enhance treasury management services
They aim to support the globalization strategies of Chinese enterprises.
Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users
Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.
Airwallex reports double-digit revenue, transaction growth for Q3
It expanded its startup and investment platforms in 2024.
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
Up to $50b of wholesale banks’ revenues at risk
But there’s about $15b in additional revenue up for grabs through 2027.
Citigroup’s profitability set to grow by 2025: Moody’s
Thanks to continued robust liquidity and strong capital levels.Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in...
ING names Uday Sareen as APAC chief exec and head of wholesale banking
He first joined ING in 2007.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
ING strengthens wholesale banking in the Philippines
The firm focuses on sustainable finance, digital investments, and infrastructure.
MUFG hires ex-UBS, SVB directors for healthcare finance arm
The hires strengthen MUFG’s middle market healthcare businesses.
EXIM Thailand inks MOU to support foreign investments
The bank will give special offers, such as special interest rates, to entrepreneurs.
Citi appoints new sales head for key Asian markets
She previously worked at Bank of America and JPMorgan.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?