Sumeet Chatterjee
Stories by Sumeet Chatterjee
AB InBev Asia unit raises $5b in world’s second-largest IPO in 2019
It will be the second-biggest globally this year trailing only the $8.1b offering of Uber in May.
Hong Kong digital banks launch faces delay due to protests
Most of the eight newly licensed digital banks in HK, including JVs involving StanChart and Bank of China Hong Kong, had aimed to begin operating b
StanChart targets to grow private banking to $100b unit in three to five years
The lender will recruit 30-40 private bankers every year in the next two to three years, primarily in Hong Kong and Singapore.
In second major exit, HSBC Greater China chief Helen Wong leaves for external role
This is the second senior departure this week after the ousting of group CEO John Flint.
JPMorgan confirms winning bid to take majority stake in China fund JV
It has become the first foreign firm to move closer to taking control of an onshore funds business under new rules.
Singapore urges caution as wealth managers pursue HK business
Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of OCBC.
AB InBev kicks off $9.8b IPO of its APAC business in HK’s biggest float in 2019
AB InBev said in May that an IPO of its Asia business could help create a brewing champion for the region.
With Hong Kong roiled by protests, wealth managers head to Singapore
Some Hong Kong tycoons have begun moving their personal wealth offshore as concerns deepen over a government plan to allow extraditions of suspects to
Morgan Stanley may get CSRC approval to own majority stake in China securities JV
The approval is likely to come in the second half of the year.
HSBC backs launch of HK tech startup Serai to push growth in SME financing
Serai is expected to help HSBC access new clients for its banking services.
