All articles by Vidyasagar Maddela

Indian regulator blocks SBI’s bid to increase stake in Investec JV-report

SBI Capital Markets, a subsidiary of State Bank of India (SBI), sought approval to increase its holding in the JV from 20% to around 40%.

HSBC expands Innovation Banking business to Singapore

Neil Falconer has been appointed to head HSBC Innovation Banking’s Singapore arm.

Generali and BPCE likely to abandon asset management merger – report

The talks may conclude without a deal due to opposition from the Italian government and potential management changes at Generali.

Barclays seeks CMA licence to expand into Saudi Arabia

The CMA licence allows the British bank to initiate investment banking and global markets activities in the Kingdom.

Standard Chartered to sell Ugandan retail banking arm to Absa

The sale is part of Standard Chartered’s strategy to exit its wealth and retail banking sectors in Botswana, Uganda, and Zambia.

Emirates Investment Bank partners with Avaloq for digital transformation

Danantara considers forming $8bn asset manager in Indonesia

Danantara plans to combine the asset management units of PT Bank Rakyat Indonesia (BRI), PT Bank Mandiri, and PT Bank Negara Indonesia (BNI).

Rothschild Wealth Partners acquires Illinois-based SNWA 

SNWA provides financial advice to business owners, families, and high-net-worth individuals, managing approximately $300m in client assets.

PAI Partners in exclusive negotiations to acquire majority stake in Cyrus Group

Cyrus Group manages over €20bn in assets and serves more than 30,000 institutional and private clients.

Goldman Sachs expands wealth management services in Saudi Arabia

The new unit will employ ‘One Goldman Sachs’ strategy by collaborating with asset management, global banking and markets teams in the region.