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) ...

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 Swiss parliamentary investigation into the collapse of Credit Suisse sounds the death knell of FINMA’s principles-based regime. Hundreds of pages of reports examining what happened can also be ...

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 ...

A raft of Swiss pure-play private banks have made major Asia C-suite hires in late 2024. Although the end of 2024 is approaching, Asia’s private wealth management industry remains active. Most notably ...

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 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 ...

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, ...

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 ...

Citi and Maybank Securities have collaborated to provide securities lending services in Singapore. Citi and Maybank Securities have joined hands to deliver securities lending to Singapore's retail ...

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 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 ...