OCBC’s posted a record in net profits after broad-based growth across interest and non-interest income growth drove the bottom line 8 percent higher.
The 2019 result of Swiss Re, the second-largest reinsurer, didn’t meet analysts’ expectations – despite an increase in profit of 73 percent.
Sergio Ermotti didn't quite make it to the ten-year mark – his personal goal. Bank Chairman Axel Weber is determined to do so.
UBS' scored a coup with the appointment of ING's Ralph Hamers as its next CEO. finews.asia lists the main challenges that current CEO Sergio Ermotti will bequeath to the Dutch banker later this year.
Sergio Ermotti took a victory lap after «nearly a decade» at the helm of UBS. finews.com on what the outgoing CEO of the world's largest wealth manager told staff about his exit.
Malaysia's Police chief calls on the fugitive financier to return to Malaysia if he has contracted the Covid-19 virus after receiving intelligence that the businessman was hiding in Wuhan, the epicenter of the outbreak.
The bank said the appointment reflects a growing demand for ESG research, with its clients using more sustainable strategies as part of their investment process.
China suffered a sharp decline in fintech deal activity which caused global investments in the space to dip 3.7 percent in 2019.
Nearly three years removed from a guilty plea in the U.S. to corruption charges linked with world soccer governing body Fifa, internal deficiencies continued to be exposed, this time by the Swiss regulator for «serious anti-money laundering failings».
The new heads will lead the Bank for International Settlement's efforts to support central bank collaboration on new financial technology at its centers in Switzerland and Singapore.
HSBC’s overhaul this time will be different, said interim chief executive Noel Quinn, relying less on external factors such as the economic environment.
Ralph Hamers brings with him a track record of not only profitability but also effective transformation to compete with tech giants that threaten to take the financial sector’s lunch.
India’s shadow banking crisis has triggered bankruptcy processes but is creating new opportunities for Deutsche Bank as it steps up lending to cash-strapped tycoons and for purchases of distressed assets.
The senior banking executive joins the independent asset manager after more than three decades with the French firm, including more than 10 years in Southeast Asia.
Some financial firms operating in Singapore and Hong Kong have delayed hiring due to the coronavirus outbreak but others are quietly laying plans to prepare for an economic rebound in Asia.
The first round of bidding will conclude at the end of March, with Axa and Affin Bank seeking $650 million.
Switzerland's largest bank, UBS, has named Ralph Hamers as its new Group Chief Executive Officer, effective November 1, 2020, according to a media release. Hamers currently serves as CEO of Dutch ING Group.
UBS is poised to appoint the current boss of Dutch retail lender ING to replace long-standing CEO Sergio Ermotti, according to a report.
Following a strategic review of its business, APS Asset Management will become a «China house» that will «live, breathe and think China.»
The Asia edition of the leading fintech and payments event has been rescheduled to August this year, owing to concerns over the Covid-2019 virus.
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