Markets

Deutsche Bank Wealth Management appoints new SEA investment team head

Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.

Deutsche Bank Wealth Management appoints new SEA investment team head

Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.

UOB adopts the Equator Principles to refine sustainability strategy

The bank will apply the principles to assess and manage environmental and social risk projects.

Deutsche Bank names APAC head of wealth solutions

Dominique Jooris was CEO of Bank Pictet & Sie in Singapore prior to his new role.

Mizuho, IFC inks MOU to establish carbon facility

It will facilitate the purchase and sale of voluntary carbon credits.

Improved outlooks on the horizon for Chinese finance companies

Policies to slow debt growth and control property prices appear to be working, abating economic risks.

Myanmar limits foreign staff allowed in domestic banks: report

Major banks can now employ no more than 25 foreign staff.

Thai banks sufficiently buffered against ongoing risks: Fitch

Escalation of the pandemic in Thailand will significantly affect business activity in H2.

Singapore lifts dividend cap on local banks, financial companies

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.

India mulls phased roll out of central bank digital currencies: report

Its launch will require legal changes to the nation’s foreign exchange and IT rules.

UnionBank clinches Philippines’ 4th digital bank license

UnionDigital will be a wholly-owned subsidiary of the Philippine lender.

Hong Kong arrests 4 in alleged $155m crypto money laundering case: report

This is the first time that the city detected a money laundering case with cryptocurrency.

India’s banking system privatization plagued with capital, regulatory woes

They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.

Citi APAC pilots program to help young social entreps scale up their operations

They studied ways to expand to new markets, and refined marketing and growth strategies, amongst others.

SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes

Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.