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Friday, 1 May 2026

PEOPLE Friday, 28 February 2020 17:26

Juerg Haller: «We're Not Creating Another UBS»

Wealth management heavyweight Juerg Haller left UBS after 35 years last year to chair family-controlled J. Safra Sarasin. He told finews.asia what his ambitions are for the Brazilian-Swiss private bank.

FINANCE Friday, 28 February 2020 14:47

BNP Paribas Negative On India's Consumption Recovery

The expectation for India’s consumption to recover in 2020 is getting pushed out further, according to forecasts by BNP Paribas.

PEOPLE Friday, 28 February 2020 14:29

UBS Cuts CEO Sergio Ermotti's Pay

UBS boss Sergio Ermotti's pay fell more than 10 percent in 2019, amid a setback for the wealth manager in a landmark French criminal trial. Private bank co-boss Iqbal Khan was paid $8.4 million to defect from Credit Suisse.

FINANCE Friday, 28 February 2020 12:33

J. Safra Sarasin Group Earnings Rise

The family-owned bank reported net profit rising by almost 10 percent, as assets under management grew by double-digits. Just recently the firm appointed a new CEO.

FINANCE Friday, 28 February 2020 12:05

Global Fund Managers Cut Equity Exposure

Global funds recently recommended a cut to equity allocations in their model balanced portfolio after the allocation touched a two-year high in January, a Reuters poll showed.

HIGH-END Friday, 28 February 2020 10:37

Shenzhen Shines for Prime Property Investments

Technology hubs may be the place to make money if one is considering top-end real estate, according to a new report.

FINANCE Friday, 28 February 2020 09:25

Lombard Odier: Successful Private Banking Business

Lombard Odier has seen strong inflows of client assets in 2019 and increased its profit. Its success is based on a strategy of sustainable investments and cooperation, said Senior Partner Patrick Odier told finews.asia.

PEOPLE Friday, 28 February 2020 08:30

VP Bank Wealth Head Poised to Exit

VP Bank's head of private banking is poised to exit, finews.asia has learned. The Liechtenstein-based bank is looking for a successor.

FINANCE Thursday, 27 February 2020 17:43

China Grants Russell Investments Private Equity Funds License

The firm will be able to serve domestic qualified investors and expects to launch its first onshore product later this year.

FINANCE Thursday, 27 February 2020 16:23

MAS Warns of Phone Banking Scams

The Monetary Authority of Singapore (MAS) has warned the public about fraudulent messages and calls that impersonate MAS staff and request for bank details and personal information.

HIGH-END Thursday, 27 February 2020 15:29

URA Data Shows Residential Rents in Singapore Rose

Residential rents in Singapore rose to a three-year high in 2019, with prices boosted by strong overseas demand that signals the city-state’s continuing appeal among expatriates.

FINANCE Thursday, 27 February 2020 14:05

Stanchart Pushes Back Target as Earnings Surge

Standard Chartered on Thursday has pushed back its target return on tangible equity, despite posting a commendable increase in annual profits. The revenue growth came from its main markets.

FINANCE Thursday, 27 February 2020 12:51

J.P. Morgan Veteran to Head APAC

Filippo Gori, who has been with the bank since 2000, will succeed Nicolas Aguzin as Asia Pacific chief executive officer.

FINANCE Thursday, 27 February 2020 12:36

Additiv Hires Credit Suisse Veteran

Swiss fintech Additiv with a strong foothold in Singapore has found a new head of strategy. The banking veteran joins from Credit Suisse, where she held a series of senior management roles and was a close adviser to Chairman Urs Rohner, finews.asia can reveal.

FINANCE Thursday, 27 February 2020 12:21

DBS Enhances Advice and Client Engagement for HNWIs

DBS is ramping up its portfolio advisory capabilities to provide Private Bank and Treasures clients with more insightful and comprehensive investment reviews.

PEOPLE Thursday, 27 February 2020 11:33

Should Boris Collardi Fear Sanction?

What do heavy sanctions against Julius Baer for helping Venezuela's «Boliboys» launder money mean for Boris Collardi, the long-standing ex-CEO of the wealth manager? 

FINANCE Thursday, 27 February 2020 10:54

Axa Mandiri Lays Out Plans to Grow Premium Income

Axa Mandiri Financial Services, one of Indonesia’s major insurance companies, expects to maintain double-digit growth in premium income this year, by tapping into the large customer base of its parent company, Bank Mandiri.

FINANCE Thursday, 27 February 2020 10:27

EFG International Bids Farewell to 140 Private Bankers

EFG International hired a record number of private bankers last year – but dozens of advisers also left the wealth manager. What EFG's numbers say about the rising pressure to produce on advisers to the wealthy. 

FINANCE Thursday, 27 February 2020 10:21

EFG Profits Rise Amid Flood of New Hires

EFG's profit for the year rose, as the wealth manager's spending cuts took hold. It hired far more private bankers than expected, and assets rose accordingly.

FINANCE Thursday, 27 February 2020 09:21

Revolut Raises Over Half a Billion Dollars

Revolut, the London-based bank that provides multi-currency wallets and cryptocurrencies on its app, has raised more than $500 million in its latest funding round.

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