The asset management unit of HSBC has announced the appointment of a new chief executive officer for Southeast Asia and Singapore.
China’s ICBC has been reportedly hit by a cyber gang known for its headline ransomware attacks against major companies, including Boeing.
Singapore-based OCBC posted higher profits in the third quarter, driven by improvements across the board including lending and wealth management fee income.
Money laundering seizures are occurring throughout the world, this time in Taiwan where authorities have discovered a record crypto scheme.
London-headquartered HSBC is planning to launch custody services for digital assets, excluding cryptocurrencies, via a partnership with a Swiss firm.
Hong Kong will reportedly form an academy focused on various areas related to family offices, including talent development.
Shenzhen-based Ping An has denied what it calls an «untrue story» claiming that the Chinese government had asked it to take a controlling stake in troubled property developer Country Garden.
Osaka-based Sumitomo Life has increased its stake in Singapore-based Singlife, just months after obtaining a significant stake.
US asset manager Barings has announced the appointment of a new head of Korea.
Beijing has reportedly warned officials in the Communist Party against investing in private equity, as part of an ongoing anti-corruption campaign.
Activities related to Chinese diversification away from the country have been on the rise, according to HSBC CEO Noel Quinn, who highlighted the Middle East as one of the major beneficiaries.
Singapore-based digital wealth manager Endowus has announced a partnership with an equity solution provider to support employees and minority shareholders in managing their ownership in the company.
The head of UBS's wealth management business has managed to get much more net new money than expected. Still, integrating Credit Suisse assets won't be smooth sailing.
Management at Switzerland's largest bank wants to have the Credit Suisse integration planned down to the last detail by the end of the year. Getting clients onboard is a key priority.
UBS's third-quarter numbers were mostly above expectations. But that doesn't mean smooth sailing from here on out. Investors will have to wait until next February to find out about dividends and buybacks.
Zug-headquartered SEBA Bank has received a license from Hong Kong’s markets watchdog to conduct regulated activities related to digital assets.
Paris-based asset manager Amundi has announced the appointment of a chief executive and vice chairman for Asia.
The combined entity did away with thousands of roles in the third quarter, helping it save about $1 billion in costs.
The escalating conflict in Israel and the dangers of a wider conflagration in the Middle East is a matter of some concern to Switzerland's largest bank.
Zurich-based UBS flagged a number of risks in Asia, including US-China trade relations as well as issues related to Credit Suisse.
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