J.P. Morgan Asset Management expands its exchange-traded fund team in Asia with a new specialist formerly from South Korean asset manager Mirae.
Julius Baer's net profit tumbled as the private bank missed targets on winning fresh client money. It also took a financial hit from job cuts disclosed earlier this year.
The current environment feels to him a lot like the early stages of the recessions of 2001 and 2007, writes Kenneth Orchard on finews.first.
The recent rally in both equities and bonds suggests that these two narratives are seemingly incompatible.
Le Freeport, Singapore’s maximum-security vault dubbed Asia’s «Fort Knox», is reportedly for sale amid a five-year legal spat with a Russian billionaire.
UBS launches its «Future of Finance Challenge» in Singapore in an attempt to find innovators with potential ideas and solutions to address the needs of the rapidly transforming banking sector.
The head of the British parliament's Work and Pensions Committee has written to Standard Chartered's remuneration committee questioning the bank's executive pension pay level.
Singapore-based multi-family office WMA makes two senior hires with more than 50 years of combined financial and private client experience.
Ahead of UBS' and Credit Suisse's results, finews.asia whether the wealth giants' focus on the super-rich will pay off – and when shareholders will put pressure on UBS boss Sergio Ermotti.
Union Bancaire Privee lifted its half-year profit, thanks largely to a one-time effect. Spending edged higher after two deals, Asian hiring, and digital expenses.
Despite the hype that virtual banks can now serve customers without physical branches, traditional banks are not only maintaining their networks but also sprucing some of them up. finews.asia takes a look at how UOB has spiced up its branches in Singapore and...
Singapore is returning $37 million to Malaysia seized during its probe in the 1MDB scandal.
Though safe for the coming two years, traditional banks in APAC face a real challenger in virtual banks which threaten to take market share with efficient, low-cost solutions pit against legacy infrastructure that is transitioning.
Lufax, one of China's largest online wealth managers with $55 billion in assets, is reportedly exiting peer-to-peer lending, its original business, due to regulatory challenges.
Asia-Pacific registered the highest increase in the number of family offices in the last two years outside of emerging markets, at 44 percent, to total 1,314.
Several weeks into his new job running Credit Suisse's $409 billion private bank, Philipp Wehle is signaling growth ambitions. The ex-consultant is sanguine about political risk in some of the countries the Swiss bank will target.
The banking industry's attempts to align «costs to serve» with «value» has led to mistrust amongst customers. If trust is not restored urgently, banks could lose customers under the open banking era dawning on Asia.
EY’s 2019 Global Wealth Management Research focused on assessing exactly that.
J.P.Morgan’s former banker Catherine Leung pleaded not guilty to charges of bribery in a Hong Kong court on Thursday.
A local brokerage house in Hong Kong has called the recent Budweiser IPO pull-out and its subsequent effects an «outrageous» matter, urging the exchange to reform listing processes in full-page newspaper ads that likened the matter to a bad night at the casino.
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