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) ...

Milan-listed Azimut has signed a memorandum of understanding with a Chinese asset manager for exchange-traded funds. Azimut Group and China Universal Asset Management (CUAM) have signed a memorandum ...

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 ...

Brazilian Swiss private bank J. Safra Sarasin has hired a former Julius Baer executive in Singapore. Jayant Jetley joins J. Safra Sarasin as a managing director in Singapore, according to a LinkedIn ...

Munich-headquartered Allianz has withdrawn its offer to acquire a majority stake in Singapore's Income Insurance following the local government’s rejection of the deal. Allianz has withdrawn its ...

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 ...

Hong Kong has successfully attracted the Philippines’ Khos, who run a 40-year conglomerate, to set up a family office in the city. The Kho family from the Philippines has set up a family office in ...

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 ...

London-headquartered HSBC has expanded a recently launched credit aimed at private banking clients to the Indian market. HSBC India has introduced a credit card for its global private banking clients, ...

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 ...

Following the appointment of Tan Su Shan as group CEO, DBS has unveiled more changes to its leadership team. Han joined DBS in 2019 and after serving as group head of strategy and planning, he took on ...

Moody’s notches up next year’s outlook to stable from negative. The only outlier is Asia, which won’t be doing quite as well as other regions. It sometimes seems like global banks live in some ...