Marcuard Heritage, a global wealth manager with a strong presence in Singapore, has poached an experienced relationship manager from UBS, information obtained by finews.asia revealed.
Credit Suisse, which is worth about half of what it was five years ago, may be viewed as an attractive takeover target. Chairman Urs Rohner has the answer.
One in three emerging affluent customers surveyed by UOB Bank said they lack the confidence to invest despite wanting to do so. UOB has launched its High Street Branch model to address their concerns.
Citibank Singapore's previous chief executive has headed to DBS Group Holdings, after news of his departure broke last Saturday.
Unexpected as it was, Nicolas Pictet’s retirement may not be the biggest change at the Swiss private bank.
Credit Suisse has appointed a new chief operating officer for its Asia Pacific private banking business effective 1 March.
Citibank Singapore Chief quits after almost three decades of service at the bank. A Citi spokesperson confirmed the resignation.
Juerg Zeltner, UBS' former private banking head, is lifting his head above the parapet. The wealth veteran telegraphed that he is poised to return to the industry – and where he might touch down.
Attempts to slow climate change with aggressive political policies are virtuous but pointless, writes Peter Hody in an essay for finews.first. Meanwhile, finance is farming an opportunity – as usual.
finews.asia picks out the prime spots for city slickers wanting to meet their match, and the places where you can find obliging bankers to pay for your drinks all night long.
Intensifying geopolitical tensions and financial market volatility are behind the strong demand for gold among Asian investors, Singapore Bullion Market Association tells finews.asia.
He will return to London to work on U.K.-Asia trade negotiations with the U.K. government when he departs later this month.
Credit Suisse has frozen its bonus pool for 2018. Nevertheless, senior executive pay may rise, despite a significant drop in prices in 2018. Bankers at Deutsche, however, expect to see their bonuses cut by up to 20 percent.
The key to doing business with the super-rich is not the fanciest digital bells and whistles, according to Adrian Kuenzi, Union Bancaire Privée's new man in Zurich.
Fewer graduates are seeking employment in investment banking in Singapore, with juniors moving into private equity, VC or tech roles, according to Morgan McKinley.
The derivatives boutique revamped pay practices after returning to profitability under a new CEO. The new model makes co-founder and ex-Chief Executive Jan Schoch look almost modest.
VP Bank is poaching a team of bankers from rival Julius Baer, finews.asia has learned. The move is part of the Liechtenstein-based bank's expansion in Switzerland.
Derivatives boutique Leonteq hit an initial target set up by new management last year. The way forward looks to be somewhat bumpier after a flurry of market volatility fizzled early this year.
The number of bitcoin in Quadriga’s possession is substantially less than what was reported in the affidavit filed by the wife of the exchange's allegedly deceased CEO.
The rapid transformation of customer behavior and digital technologies has driven considerable change in Asia’s banking sector. Innovation alone is no longer enough – banks need to collaborate.
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