Thursday, 9 May 2024

FINANCE Tuesday, 9 May 2023 11:07

In Singapore, Big Tech Encroaches on Fintech

WhatsApp launches a direct payment feature for local businesses in the city-state, ostensibly bypassing many local fintech payment specialists.

FINANCE Tuesday, 9 May 2023 10:42

Silverlake Axis Expands to the Middle East

The Southeast Asian banking software developer targets the United Arab Emirates and appoints a new regional managing director.

FINANCE Tuesday, 9 May 2023 09:00

HSBC Ostensibly Buys Out China Fund Management Partner

The move seeks to expand the British-based bank's presence in the sizeable fund management market on the mainland. 

FINANCE Tuesday, 9 May 2023 07:48

WRISE: «No One Knows What the Full Impact of This Wealth Influx Would Be»

Wealth tech entrepreneur Derrick Tan discusses the increased demand for wealth management services as a result of growing inflows of money to Asia.

FINANCE Tuesday, 9 May 2023 00:43

Sergio Ermotti Shortlists Credit Suisse Execs for Transition Team

UBS CEO Sergio Ermotti has whittled down the list of Credit Suisse executives he wants to include in his management team.

FINANCE Tuesday, 9 May 2023 00:34

Former Credit Suisse Executive Becomes a «Cleaner» at UBS

Yves-Alain Sommerhalder was one of Credit Suisse's most high-profile asset management executives. Now at UBS, he is tasked with separating the wheat from the chaff at his old employer.

PEOPLE Tuesday, 9 May 2023 00:32

Ex-Daiwa Banker Joins Rothschild & Co in Japan

Rothschild & Co has appointed a new executive for its global advisory business in Japan.

FINANCE Monday, 8 May 2023 12:10

Ha Duong: «A new start for crypto assets is on the horizon»

For investors, 2022 was a year of extraordinary challenges. Crypto investors' nerves were particularly strained in the process: Some 74 percent of the top 100 crypto assets saw their value drop by 80 percent or more over the course of the past year, Ha Duong...

PEOPLE Monday, 8 May 2023 11:14

Citi Hires Ex-JP Morgan Private Banker

The US-based bank appoints a regional head for third-party manager solutions.

FINANCE Monday, 8 May 2023 11:09

The MAS Blows a Fuse Over DBS

Singapore’s regulatory authority imposes substantial additional capital requirements for the city-state's largest bank after a series of digital outages.

FINANCE Monday, 8 May 2023 05:46

HSBC Keeps the Wolves at Bay – For Now

The British-based bank defeated two special resolutions calling for its breakup at its annual general meeting on Friday. But will that change anything? finews.asia takes a look. 

FINANCE Friday, 5 May 2023 21:04

SNB's Jordan Joins Finma in Defending Credit Suisse AT1 Wipeout

Parties on opposing sides continue to stake out battle lines over the write-off of Credit Suisse's AT1 bonds. Enter the head of the Swiss National Bank.

PEOPLE Friday, 5 May 2023 19:17

Lombard Odier Looks to Double its Private Markets Team

Lombard Odier sees private debt, venture capital, and private equity are seen as areas ripe for growth. Managing Partner Jean-Pascal Porcherot is setting ambitious expansion targets.

FINANCE Friday, 5 May 2023 18:01

DBS Again Faces Digital Banking Issues

The city-based bank ostensibly has a system outage in the third such incident of its kind in the last 18 months.

FINANCE Friday, 5 May 2023 14:56

GAM Investor Group Unhappy With Liontrust Offer

An investor group controlling just over eight percent of GAM's share capital is not satisfied with the offer from Liontrust. The deal undervalues the Swiss asset manager and it is considering rejecting the deal.

FINANCE Friday, 5 May 2023 14:21

GAM Deal Satisfies Liontrust CEO's Hunger for Now

UK asset manager Liontrust is not primarily looking to leverage cost savings by acquiring GAM. The CEO has other plans, as he explains in an interview.

PEOPLE Friday, 5 May 2023 13:48

Swiss Re Asia Names New Chairperson

The reinsurance company makes several senior regional appointments. 

FINANCE Friday, 5 May 2023 11:32

Crowded Market Stymies Great Eastern Sales

The Singapore-based life insurance company saw stable profit amid a deterioration in sales in the first quarter as a result of stiff competition from banks and money market investments.

PEOPLE Friday, 5 May 2023 10:08

EFG Hires Ex-Credit Suisse NRI Bankers in Zurich

Two Bankers catering to the Non-Resident Indian (NRI) market join EFG International in Switzerland.

FINANCE Friday, 5 May 2023 08:44

UBS Teasing Out Different Scenarios for Credit Suisse

All options appear to be on the table. Switzerland's largest institution could keep the rescued bank's investment banking business. Or it might spin off its domestic retail franchise in an IPO.

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