In Focus
Maybank Kim Eng non-interest income to boost group's growth
Maybank Kim Eng non-interest income to boost group's growth
Maybank will report commendable first quarter results with pre-provision operating profit growth expected at 19.3 percent.
China to open up markets to hedge funds
China's regulators are proposing to allow hedge funds to directly trade in mainland stocks and bonds.
Indian mutual fund industry set for expansion: Schroders CEO
The CEO of Schroders Investment Management is bullish on the mid- to long-term prospects of Indian mutual fund industry.
More investment funds to be set up in Vietnam
More investment funds in Vietnam will be set up as the country's stock market recovers.
Asia hedge fund startups falter
Asia-focused hedge funds started with help from a major backer are shutting down as a shrinking pool of key investors.
ING to sell Asia investment management separately
ING will auction its investment management business separately from its Asian insurance business.
NAB's wealth management pushes group revenue up to $1.4B
NAB posted unaudited cash earnings of $1.4 billion in the first quarter of the 2012 financial year.
CIMB-Principal internationalizes Malaysian Islamic asset management
The Central Bank of Ireland has approved the establishment of CIMB-Principal Islamic Asset Management (Ireland) Public Limited.
Sales of wealth products in China more than doubled in 2011
Chinese banks more than doubled sales of wealth management products in 2011 to an estimated 15.5 trillion yuan or $2.46 trillion.
Mizuho bares Asian expansion plans
Mizuho Financial Group may buy an investment bank in Asia to help improve slow growth in winning equity and debt offerings in the region.
Barclays to scale down retail bank operations in India
Barclays will not book new retail loans in India, while maintaining its deposit business.
Singapore hedge fund sector set to shrink on tighter regulations
Singapore's $53 billion hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs.
RBS to double wealth assets in Asia by 2015
RBS will double its private banking assets in Asia within five years from the $15 million it currently manages.
ABC launches cross-border private banking
ABC and the BMO Financial Group launched its cross-border financial services of private banking.
$13.1B bid launched for AXA Asia Pacific
AMP and AXA SA launched a $13.1 billion-plus bid for AXA Asia Pacific. It closes one of Asia's largest takeovers that has dragged on for a year.
RBC beefs up Asian presence with Fortis
RBC has acquired Fortis Wealth Management Hong Kong from Belgian Fortis Bank.
