Julius Baer saw assets under management fall in 2022 due to a significant correction in global stocks and bonds but strong inflows in the second half offset de-risking.
An industry veteran will complement the board of directors at Swiss banking group Julius Baer. Two board members will not stand for re-election.
Zurich-based insurer Chubb has relocated an executive from New York to lead its international personal lines unit in the region.
After nearly three decades of service, Laura Barrowman has said goodbye to Credit Suisse. Her departure leaves the role of Group CIO open.
Hong Kong-headquartered Value Partners has hired an ex-Ping An executive as its co-chief investment officer for fixed income.
Credit Suisse's investment bank spinoff has yet to be launched. But within the bank, there are discussions about bringing in a division from asset management.
Indosuez Wealth Management expands its North Asia business with the hire of two new private bankers.
Hong Kong virtual lender ZA Bank has announced the appointment of a new chief executive officer.
The need to change the world positively is the top motivator for impact investing by ultra-high net worth individuals, according to a report, outdoing financial reasons.
The regional wealth management business is neither a US-type brokerage nor a classic Swiss private bank. finews.asia breaks down yesterday’s full-year numbers.
Easing of Covid restrictions, huge prospects in the Chinese Mainland market and dry powder in the system will boost the Asset Management and Private Equity sector in the year ahead.
International law firm Sidley Austin hired a new partner in its China corporate and finance group based in Hong Kong.
The Hong Kong Monetary Authority will follow through on its proposal to regulate stablecoins, especially after failures in 2022 like the TerraUSD collapse.
UK-based asset manager Abrdn has hired an ex-Matthews Asia executive as its head of wholesale distribution for Hong Kong.
Prudential’s Asia-focused asset management arm, Eastspring Investments, has strengthened its fixed income capabilities with three new hires in Singapore.
Gold kicked off the new year better than it has in a long time. The precious metal is benefitting from extraordinary trends.
UBS wants to calculate its share capital in dollars. It probably won't be enough to attract big money in the USA, finews.asia finds.
Did UBS benefit from troubled rival Credit Suisse? The net new money figures imply such an assumption. But the facts are different.
The Asia Pacific wealth arm of UBS registered lower profits, revenue and loan assets in the fourth quarter, as dented appetite hit the region’s largest private bank.
Switzerland's largest bank posted a better-than-expected profit in the fourth quarter. The bank will increase its dividend this year and buy back more shares.
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