Zurich in Switzerland has managed to attract two Chinese banks in recent years, while Geneva has thus far missed out. This could however change.
Avaloq, the Swiss banking software company, has opened a new regional business hub in Singapore. The office will house the firm’s first foreign combined software and service center.
Software company AdNovum signed an agreement with a fintech developing solutions against fraud. It will integrate the risk-detection platform into its own product line. Both firms are also based in Singapore.
After allegations of espionage, the Russian cyber-security specialist is moving its customer data to Switzerland.
Credit Suisse’s asset management has tied up another partnership, this time with a health care investment platform in Israel.
DBS Bank has stopped using its tagline «Living, Breathing Asia» and has introduced a new one. The firm signals time has come for a new way of banking.
International consulting firm EY appointed a new head of its Asia-Pacific financial services advisory. He will take over from Steven Lee and will be based in Singapore.
Following the take-over of First Names Group and with the acquisition of a family-run business in Singapore and Hong Kong, SGG Group will have more than 130 professionals working in Asia.
UBS has further strengthened its investment banking line-up. After Marco Illy, the Swiss giant has now landed a senior Morgan Stanley executive.
It is not just banks that have to work on improvements and technical progress, employees have a duty to partake in that process, UBS chief Sergio Ermotti told students recently.
Rising costs in the funds business is putting pressure on banks. They need a critical mass for their product offering. For this reason, rivals Lombard Odier and Credit Suisse are now working together.
Not long ago, UBS lost one of its top executives in China. The former top banker now resurfaced at a Singapore-based cryptocurrency firm.
RHB Banking Group hired a new head of group wholesale banking, effective beginning of June 2018. He will lead the development and execution of a business strategy for a division that covers a range of areas.
Blockchain guru and former UBS executive Oliver Bussmann tells finews.asia how banks can tackle the challenges offered by new technology.
UBS is the bank for the super rich – and Josef «Joe» Stadler wants to expand this business. His plan: a reward system for his client advisers.
A former Wall Street hedge fund manager will launch what he claims to be the first crypto investment bank. His goal: to tame the wild market of crypto coins and find the few nuggets.
One of UBS’ top managers has resigned, according to information obtained by finews.asia. He will be replaced by a tech specialist.
Bank Julius Baer’s name has cropped up in several scandals involving the financial market. The new CEO at the Swiss-based bank, a former risk manager, has now spoken about the problems.
A shipment of soybeans was transported from Argentina to Malaysia, via Cargill’s Geneva and Singapore subsidiaries. The deal was financed using a letter of credit, which was completed digitally.
The Arab owners of the Swiss-based private bank Falcon are looking to sell the company, according to media reports. However this may prove a difficult undertaking.
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