In its newly opened office, LGT's team of over 10 investment advisers work with specialists from the firm's other entities. «We are always looking for very experienced employees,» Henri Leimer tells finews.asia.
The patriarch of the Schroder family and great-great-grandson of John Henry Schroder, co-founder of the Schroders businesses in 1804, has died.
In a filing with the Hong Kong Stock Exchange, the emerging markets major reveals it has set aside $900 million to cover any potential fines from the U.S. and the U.K.
Tim Haywood is going on the offensive against GAM for dismissing him for gross misconduct, the star fund manager tells finews.asia.
U.S.-based cloud financial controls and automation software company continues executive team expansion with the addition of a software engineering veteran to oversee global technology direction.
With digital banking licences to be issued to six companies in the coming weeks, banking giants in Hong Kong are bracing for competition from top technology and payments companies from the mainland.
UOB Group's net earnings and total income rises on the back of growth in both net interest and fee and commission income.
UBS adopted a gutsy strategy in a long-running French criminal probe. The bank's record fine raises the question of whether CEO Sergio Ermotti and legal brain Markus Diethelm miscalculated.
Despite market uncertainties and a challenging investment environment impacting the investment portfolio of its insurance business in the last quarter of the year, OCBC delivered strong results for 2018.
The bank aired its exasperation with a $5 billion French court fine in a criminal probe. UBS blasted the decision as flawed, superficial, and contradictory, as it heads into an appeal.
In a move that could help boost retention in competitive Asian markets, top Asia bankers at the Swiss firm will have to return a part of their cash portion of their 2018 bonuses if they quit.
GAM sacked fund star Tim Haywood, whose suspension seven months ago led the asset manager into a downward spiral, for gross misconduct. The bond veteran signaled he may fight the decision.
The firm's Bangkok office will cater to high net worth investors and complement LGT's existing private banking efforts in Hong Kong and Singapore.
HSBC's co-head of global banking, who was criticised by an anonymous group of colleagues in a widely leaked memo last year, will step down this summer.
DBS Group will transfer its retail broking to the bank, leaving DBS Vickers to focus on institutional clients.
Private banks in Asia are reporting an increase in wealthy clients outsourcing managing their money to professional investors and giving them discretionary mandates.
Among all emerging technologies, payments technology commands the highest investors-to-idea ratio while artificial intelligence had attracted the largest number of investors last year.
A Singapore-based advisor and author adds his expertise to the strategic body of Henley & Partners, a specialist in residence and citizenship planning.
Even before a whopping $5 billion penalty in a French criminal scandal, UBS was already in the double-digit billions of fines and penalties. finews.asia ranks the bank's biggest – and costliest – scandals.
A French court slammed UBS with $5 billion in fines and charges in a criminal trial over tax evasion and money-laundering. The bank vowed to put up a fight.
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