Some of the changes to the management team of the new UBS subsidiary Credit Suisse were made known while others were the subject of speculation. Now UBS has made its selections.
Amid ongoing integration with Credit Suisse, UBS has internally announced leadership changes to its wealth management unit in Asia Pacific, finews.asia has learned.
DBS has launched its own multi-family office to leverage Singapore’s variable capital company rules and attract more ultra-high net worth wealth.
The acquisition of Credit Suisse by UBS is now complete, and Credit Suisse shares will cease trading after today. UBS announces directorships for some of the Credit Suisse units.
Bank of China International, in collaboration with UBS, has become the first Chinese financial institution to issue a tokenized security in Hong Kong.
A two-year police investigation resulted in Zurich prosecutors filing a case against Lex Greensill and four former Credit Suisse bankers. Greensill's supply chain fund collapsed in 2021.
The Hong Kong government has launched a network of service providers for family offices as part of ambitions to attract the ultra-rich to the city.
An important chapter in Swiss business comes to an end when Credit Suisse's shares are delisted on Tuesday. Very few institutions have weaved themselves into the country's very social fabric in the way it has.
Zurich-headquartered Julius Baer has bolstered coverage in Southeast Asia with the appointment of a former UBS private banker with a focus on the Indonesian market, finews.asia has learned.
The Bank said a fine imposed on it by the EU Commission in 2021 for participating in a bond trading cartel was too high. The Commission disagrees.
UBS is reportedly setting nearly two dozen restrictions for newly joining Credit Suisse bankers, including bans on clients from high risk countries and complex financial products.
In a class action lawsuit, Credit Suisse and its former auditor KPMG are accused of violating a US federal law originally aimed at organized crime.
Regulatory pressure against Binance is rapidly escalating with banking partners readying to suspend withdrawals with its US unit.
Credit Suisse is reportedly seeking buyers for its brokerage unit in mainland China due to regulatory restrictions arising from its integration with UBS.
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On Monday, the takeover of Credit Suisse becomes official from whence UBS will call the shots. A separate path for the Swiss business of the soon-to-be-extinct bank now also seems very unlikely.
Asset management giant Blackrock’s head of the onshore China business is leaving to pursue opportunities elsewhere.
Standard Chartered is reportedly trimming jobs across its major hubs in London, Singapore and Hong Kong.
With the demise of Credit Suisse, the battle for the best bankers in the market is escalating. Now Deutsche Bank is responding with a bold move from Switzerland.
UBS appears to have scored a major personnel coup in Asia. It's bringing back the former number two of Credit Suisse's Asian wealth management business.
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