GAM bled nearly $4 billion in client assets so far this year. The asset manager has struck a deal to sell a series of controversial holdings which sparked a whistleblowing complaint.
Shortly after its results announcement, BlackRock appointed a new head of China.
Singapore Airlines has partnered with an Amsterdam-listed payments provider to optimize its payment processes.
Springtime brings shareholder meetings and the annual flagellation of bankers over pay. Those fanning the flames of popular ire haven't always thought their case through, finews.asia's Jeffrey Voegeli writes.
Switzerland's finance minister is leading a delegation of bankers and businesspeople on a trip to China. The visit is meant to intensify ties, including for wealth managers in the booming Asian market.
For years, Asia has been the main source of growth for wealth managers – a trend that the stock market slump put paid to. Assets under management at three out of four top private banks declined last year.
Fintech firm Avaloq announces the launch of a new collaborative platform to help the financial services industry work more effectively with fintechs.
UOB provided a financing facility for a real estate platform to acquire prime Tokyo Bay land with the purpose of building one of the largest master-planned logistics parks.
Top Credit Suisse private banker Iqbal Khan has emerged as one of the hottest talents in Swiss wealth management. finews.asia cuts through the rampant rumors about his next move.
A news Singapore-based firm, formed by home-grown industry veterans, targets financial technology, regulatory technology, infrastructure, and sustainability-driven enterprises.
Allianz PNB Life Insurance announced the appointment of its new President and Chief Executive Officer, replacing current CEO Olaf Kliesow.
United Overseas Bank has partnered with a popular e-commerce platform to build ecosystem partnerships. This follows a string of partnerships announced with other high profile online platforms.
Credit Suisse has a long-term commitment to China, having had a presence in the country for more than 30 years. Now, the bank has reached an agreement to expand its securities business in the Middle Kingdom.
Citibank Singapore announced that it is the first bank in Singapore to introduce instant in-principle approval for debt consolidation plans.
UBS faces pressure from shareholders ahead of an investor meeting next month. The opposition centers around a nearly $12 million windfall for CEO Sergio Ermotti and a prolonged French legal tussle.
DBS Group has signed a cooperation agreement with China Export & Credit Insurance Corporation, adding to the list of banks that are partnering Sinosure for projects under the Belt Road Initiative.
Financial services provider State Street Corporation has a new CEO of the international business, who hails from a major U.S. bank. He was most recently chief of Citigroup’s Asia business.
While the 996 work culture debate rages on, some bankers are wondering what the fuss is about. Perhaps, they are missing the point that tech staff is in huge demand by both financial and technology firms.
Most Singapore respondents to a survey believe that Chief Financial Officers should expand their roles beyond the finance function.
With other regulators around the region also focusing on improving conduct and reforming culture, EY professionals consider what lessons Asia’s financial services executives can learn from what’s happening in Australia.
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