Search Results for:Chanyaporn Chanjaroen

Fintech battle pits Singapore’s DBS against Chinese titans

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.

Goldman’s $1b bankers are benchmark in Asia’s wealth race

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.

UBS emerges as top private bank in Asia by managed assets

Private banks in Asia grew assets under management by 29 percent last year to more than $2 trillion.

StanChart to kick off sale process for loss-making PE unit

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 seeks to create platform to tap 50m users making mobile payments in Asia

Singtel plans to expand the platform to include mobile wallets provided by associates such as those in the Philippines, India and Indonesia,

Bank of Singapore looks to expand family office business

Singapore family offices had average AUM of $857 million in 2017, nearly double the APAC average.

DBS to hire more private bankers targeting $19t Asia wealth

Headcount will rise between 10 percent and 20 percent this year — after increasing more than 20 percent in 2017.

CIMB makes digital banking push, starting with Vietnam next year

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

Thai wealth management firms boost hiring as country’s affluent count hits a high

Steady economic growth and a surging stock market are among the factors behind the rapidly swelling ranks of affluent Thais.

Morgan Stanley Asia wealth push faces family-office poaching

Top bankers keep getting poached by family offices set up by the richest people. Hence a plan to increase headcount has fallen flat.