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Japanese banks take on strategic roles Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
09/07/2021 09:53 GMT+7
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million.
Global banking leaders targeting growth in SE Asia 12:00 | 23/02/2021
Global banking leaders targeting growth in SE Asia, illustration photo
HSBC will be naming a new head for its Singapore operation, along with its expansion plan in the region. Europeâs largest lender is preparing to announce the outcome of a strategic review next week, alongside its full-year results.
According to Bloomberg, HSBC is seeking to gain a bigger slice in Southeast Asia where it has been struggling to compete with dominant players such as DBS Group Holdings and Standard Chartered. âHSBC wants to further raise its capability and presence in South Asia, and Singapore is central to this drive and ambition,â said Peter Wong, HSBCâs top executive in Asia.
JAKARTA: Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare.
Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co, General Electric Co, as well as American International Group Inc, President Joko Widodo said in a briefing in Jakarta yesterday.
Arief Budiman, a former director of oil and gas giant PT Pertamina, will serve as deputy CEO.
Stefanus Ade Hadiwidjaja will be the director of investment, Marita Alisjahbana the director of risk, and Eddy Porwanto the director of finance.
(Feb 16): Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare.
Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co, General Electric Co, as well as American International Group Inc, President Joko Widodo said in a briefing in Jakarta on Tuesday.
Arief Budiman, a former director of oil and gas giant PT Pertamina, will serve as deputy CEO. Stefanus Ade Hadiwidjaja, previously with private equity firm Creador Capital Group, will be director of investment. Marita Alisjahbana of Citibank Indonesia will be director of risk, while the director of finance will be Eddy Porwanto, formerly the chief financial officer of flag carrier PT Garuda Indonesia.