The asset management arm of New York-headquartered MetLife has agreed to acquire PineBridge Investments from Hong Kong tycoon Richard Li’s Pacific Century Group. MetLife Investment Management (MIM) ...

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Hong Kong’s banking regulator fined a local unit of CITIC over violations of anti-money laundering rules. The Hong Kong Monetary Authority (HKMA) has imposed a penalty of HK$4 million ($510,000) ...

The private banking arm of HSBC has hired a former Lombard Odier executive to deepen its market coverage of Singapore. Lim has more than 29 years of banking experience in Asia, most recently at ...

Australia’s markets regulator has sued HSBC for its alleged failure to protect customers from scams resulting in multi-million dollar losses. The Australian Securities and Investments Commission (ASIC ...

In 2025, the wealth management landscape will face a major shift headlined by flexibility, technology and self-directed clients, Martin Wong, Grandtag Financial Consultancy’s regional CEO, told finews ...

The investment management arm of US-based Prudential Financial has announced the appointment of a Southeast Asia head. PGIM Investments has appointed Brenda Leow as head of Southeast Asia, according ...

The investment arm of Allianz has been approved to become the first foreign asset manager to own a stake in China’s pension insurance company. Allianz Global Investors has received regulatory approval ...

Munich-headquartered Allianz has withdrawn its offer to acquire a majority stake in Singapore's Income Insurance following the local government’s rejection of the deal. Allianz has withdrawn its ...

The investment management arm of Natixis has hired a former Morgan Stanley executive to lead its wealth business across several markets in Asia. In the role, Lim will be responsible for leading the ...

New York-headquartered BNY has announced the appointment of a global markets trading head for Asia Pacific. BNY has appointed Ashvin Parkash as head of global markets trading for Asia Pacific, ...

The financial regulator of Australia confirmed that the use of Additional Tier 1 bonds as bank capital will be phased out to better deal with potential crises. The Australian Prudential Regulation ...