Search Results for:Chanyaporn Chanjaroen
Chinese online payment firms Tencent Holdings Ltd. and Ant Financial, owned by billionaire Jack Ma, are both targeting DBS’s core markets of Southeast Asia and India for expansion.
Relationship managers who cater to wealthy clients in the region are running larger pools of money, with average assets run by each surging to an all-time high of $341 million last year in Asia, according to Asian Private Banker. Goldman Sachs Group Inc. topped the charts, with each private banker handling almost three times that amount.
Private banks in Asia grew assets under management by 29 percent last year to more than $2 trillion.
The private equity unit was initially profitable but its fortunes started to turn in late 2015, partly because of the plunge in the price of oil.
Singtel plans to expand the platform to include mobile wallets provided by associates such as those in the Philippines, India and Indonesia,
Singapore family offices had average AUM of $857 million in 2017, nearly double the APAC average.
Headcount will rise between 10 percent and 20 percent this year — after increasing more than 20 percent in 2017.
The Kuala Lumpur-based lender will launch its first fully digital bank in Vietnam in January, followed by the Philippines, where it has received a license
Steady economic growth and a surging stock market are among the factors behind the rapidly swelling ranks of affluent Thais.
Top bankers keep getting poached by family offices set up by the richest people. Hence a plan to increase headcount has fallen flat.