A downturn in financial markets caused Singapore’s assets under management to decrease in 2022, according to a report by the city-state’s regulator.
Continued participation by traditional banks in the future economy is important for stability, according to HSBC's Surendra Rosha, but more modernization is required such as the removal of old-fashioned practices like the use of fax machines.
The central bank head reaffirmed the role of the Swiss National Bank as a last expedient when things go wrong. Still, the fact that Credit Suisse had to rely on the state is not an easy one to digest.
Colm Kelleher, an Irishman, chairs the country's largest bank while Sergio Ermotti, its CEO, spent many years abroad. Still, a new study provides a more nuanced view of the global Swiss bank executive.
Tokenization is all the rage as financial market participants seek to improve transaction speed, cost and resilience. Most asset classes will go through this form of digitalization in due time, according to Standard Chartered CEO Bill Winters.
Geopolitical diversification of assets is the leading topics for family investments in the last 12 months, according to a Julius Baer report outlining the priorities for wealth clients.
High net worth individuals in the Asia Pacific region have a precise understanding of their wealth aspirations. However, these goals have not yet been implemented in their portfolios, according to a Lombard Odier study.
Swiss-based Zurich will enter the Indian market via the acquisition of a majority stake in Kotak Mahindra’s insurance arm.
London-based Barclays is undergoing global job cuts but Asia is expected to be relatively less impacted, according to CEO CS Venkatakrishnan.
Singapore-based TriLake Partners recently expanded its footprint into Thailand, where it will target various client segments including expatriates in the country, chief operating officer Patrick Lauener told finews.asia.
MUFG-owned asset manager First Sentier Investors has announced the appointment of a new chief operating officer.
Unlike some of his predecessors, the Monetary Authority of Singapore’s current managing director Ravi Menon said that he will not join politics after retiring from the central bank.
Digital alternatives marketplace Alta has announced new partnerships with an investment bank, multi-family offices and more.
Dallas-headquartered CBRE has added a team of investment bankers from real assets advisor Sera Global, including in South Korea.
The integration of Credit Suisse is causing discord in Switzerland. Internally, there's a surprising amount of confidence at the new UBS. finews.asia attempts to explain why.
UBS subsidiary Credit Suisse is the target of various class action lawsuits in the US. Now, a namesake of bank chairman Colm Kelleher is calling the Swiss bank to account.
Frankfurt-based asset manager DWS has appointed a new president and head of coverage for Japan.
Singapore-based debt financing firm Clifford Capital has hired a seasoned chief financial officer from the banking industry, most recently at UOB.
The asset management arm of BNP Paribas has announced the appointment of a new chief executive officer for Hong Kong.
Hong Kong-based DL Family Office has hired a former private banker from Morgan Stanley as a managing director.
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