BNP Paribas has appointed Eric Tran as chief sustainability officer for global banking APAC, relocating him from Hong Kong to Singapore....

Vietnam has raised the foreign ownership cap to 49% from 30% for select banks that have absorbed struggling lenders, aiming to accelerate...

Citi Private Bank has launched new philanthropy advisory solutions in Asia, starting in Singapore, to support ultra-high-net-worth...

Ontario Teachers’ Pension Plan will shut its Hong Kong office as it reduces exposure to China, sources said. The Canadian fund, managing...

BEYOND Expo will host the BEYOND Wealth Summit 2025 on May 23-24 in Macau, in partnership with the Asian Family Legacy Foundation (AFLF)...

South Korea’s financial regulator announced measures to boost savings banks, including easing M&A rules and revising loan classification...

E.Sun Financial Holding Co will acquire a 91.2% stake in PGIM Securities Investment Trust Enterprise, Prudential Financial Inc’s Taiwan...

Malaysia’s Securities Commission (SC) has charged Lau Min Thung, a former head of dealing at CIMB Investment Bank, with securities fraud...

Billionaire Cheng family’s New World Development is in talks with Louis Vuitton to open a 40,000-square-foot megastore at its K11 Musea...

A Singapore court has ordered a global freeze on assets linked to four former employees accused of misappropriating SGD74m (USD55.5m)...

The Thai Chamber of Commerce (TCC) has urged the government to grant local businesses the same tax incentives as foreign investors to...

Singapore’s insurance sector is seeing a wave of leadership changes, with new CEOs coming from both insurance and banking backgrounds,...

Hong Kong will host its third wealth summit on March 26, focusing on artificial intelligence, cultural innovation, and wealth management,...

Foreign investors are increasing purchases of Chinese interbank debt as rising mainland yields and favourable currency conversion rates...

Apollo Global Management and Intermediate Capital Group (ICG) have opened offices in Seoul, joining global private equity firms expanding...

Vietnam does not need to choose between developing a specialised or comprehensive financial centre but can adopt a flexible approach,...

Manulife has appointed Steve Finch as Asia president and CEO, effective May 9, succeeding Phil Witherington, who will become the...

Nomura Holdings is expanding its wealth management team in Singapore and Dubai after the unit turned profitable 18 months ahead of...

The OECD cut South Korea’s 2024 growth forecast to 1.5% from 2.1%, citing rising trade barriers and geopolitical risks, according to its...

Hong Kong’s Insurance Authority (IA) and Monetary Authority (HKMA) have issued clarification regarding indexed universal life (IUL)...