Malaysia's former prime minister, Najib Razak, has been arrested in connection with a probe into an alleged $4.5 billion corruption scheme at state fund 1MDB, according to local media reports.
Standard Chartered has named a group head of retail banking, a newly created position at the bank.
DBS plans to set up a securities firm in China together with a local partner. Singapore's largest bank isn't the first global bank to come up with such plans.
After laying off its Hong Kong-based equity team earlier this year, Old Mutual Global Investors managing director for Asia departs.
Malaysia investigators froze hundreds of millions in the 1MDB scandal. The move shows how anti-corruption officials are turning up the dial on the alleged $4.5 billion graft scheme.
Switzerland and Singapore are at risk of losing their edge in the business of fund-raising by issuing coins. Who is breathing down their neck?
Julius Baer named a new finance chief in Asia, finews.asia can report exclusively. The move is part of a shuffle of several top executives in the region.
DBS Bank search for a new chief risk officer led an internal veteran with over 25 years of experience. He replaces Elbert Pattijn, who is retiring from the bank.
Standard Chartered private bank has named a new chief operating officer, finews.asia can report exclusively. The private banker is one of several alumni of British bank Barclays.
CIMB Group Chairman Nazir Razak, the brother of former Malaysian Prime Minister Najib Razak, is contemplating his future.
In preparation for an era of fintech-banking, Hong Kong’s financial regulator appointed a new head of financial market infrastructure.
Personal wealth is of secondary importance in banking with younger generations. Private bankers therefore take on a different role entirely, says finews.ch editor Samuel Gerber in an essay for finews.first.
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China has been loosening its grip on the country’s financial services sector and has allowed for a greater foreign influence. U.S. bank Citi is the latest to take advantage of the change.
Michael Baldinger, a former Wall Street trader, on making UBS' $800 billion in asset management money greener and more socially responsible. It's also a bid to woo wealthy millennials, he tells finews.ch-TV.
Staff at Deutsche Bank are happier about pay than their peers, according to a survey. The findings come as a surprise given the bank's woes and may soon be reversed again.
Contineo, the network serving the wealth management industry, poached from DBS private bank to appoint a new chief executive.
As Commonwealth Bank of Australia has promised a strategic review of its general insurance unit, rumors are that it will look to sell the division. What company would provide the best fit?
After nine years as the CEO of Julius Baer, Boris Collardi returned to Asia for the first time since joining rival Swiss private bank Pictet as a partner. How was the reception?
Fintech platform Lattice80 has found a partner to create a financial technology hub connecting Hong Kong and Singapore, Asia's dominant financial markets for fintech innovation.
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