Sumeet Chatterjee
Stories by Sumeet Chatterjee
Citi hires more advisors to grow Asia wealth management client base
Asia has become the main battleground for global wealth managers, including Credit Suisse, HSBC and Standard Chartered.
Germany’s Metro kicks off sale of China unit, valued up to $2b
The sale move comes at a time when China's wholesale and retail sectors are experiencing disruption from e-commerce players.
StanChart sees senior private banker exits in Asia as unit earnings slide
Among those who left the bank in the past six months include Teddy Kwong, MD and market head for Hong Kong, and Peter Lam, MD and team leader for HK.
StanChart to cut costs, exit smaller businesses in fresh growth strategy
The bank plans to achieve return on tangible equity of at least 10 percent by 2021, from 5.1 percent last year.
Hong Kong exchange to acquire majority stake in Chinese fintech firm
HKEX will acquire a 51% stake in Ronghui Tongjin Technology Co Ltd, a unit of Shanghai-listed Shenzhen Kingdom Sci-Tech Co Ltd.
Acquisitive Japanese insurers eye new markets for M&A, including China
Two sector giants - Nippon Life Insurance and Tokio Marine Holdings - said last month they were seeking more deals overseas.
China’s Union Life to sell controlling stake, AIA, Prudential among potential buyers
Union Life, expected to be valued at $1.5 billion to $2 billion, plans to sell as much as 51 percent, with an option to raise that to 100 percent late
Citigroup to end Chinese securities JV to set up majority-owned venture
China's securities regulator approved UBS Group's majority stake in its securities JV, making it the first foreign bank to take such control.
HSBC gets regulatory approval to sell Malaysian insurance unit stake to FWD
A foray into the Southeast Asian country by FWD will add to its Asian market footprint that already covers Indonesia, Japan, Singapore, the Philippine
India’s Motherson Sumi in early merger talks with German peer Leoni
Any deal with Leoni could be worth more than 1 billion euros ($1.1 billion) but financing still needs to be worked out.
