The former CEO of Julius Baer revealed one of the key reasons for his recent sudden move to rival Pictet. He also addressed speculation that he is preparing to raid his former employer for clients.
As cryptocurrency prices slide and a bitter dispute over Tezos plays out, the mood at a glitzy confab of crypto heads in a Swiss alpine enclave was buoyant. finews.asia, explains why.
Swiss private banking had a great 2017. And still, the industry wants more support from the government as it bids to retain its position as the world leader in cross-border asset management.
The Geneva court case involving a former private banker of Credit Suisse yielded some unexpected compliments for the Swiss No.2 bank. But the bank is well advised to take them with a pinch of salt.
New technology and regulation will again affect global banking this year, says Simon Paris in an essay for finews.asia. These are the four major technology trends he believes will dominate the industry.
HNA Group, the Chinese conglomerate that is also the largest shareholder of Deutsche Bank, is using all its imagination to service the ballooning mountain of debt.
Geneva-based private bank Union Bancaire Privée was able to significantly increase its net profit over the past year. Among other things, this is due to higher profitability.
A wealth manager is launching a trading app for cryptocurrencies. The move comes as a Swiss bank predicts that bitcoin is worth a fraction of its current trading price.
Swiss fintech Nectar is working with artificial intelligence solutions to become a direct supplier to wealth managers, finews.asia has learned. The first product is ready to go.
Cigna appointed a new country manager and chief executive officer to a strategically important Asian hub.
The Swiss private bank is pushing further into British wealth management with a new hire in a U.K. millionaire's hot spots.
UBS has reached its goal of becoming the world's largest wealth manager. Now, the Swiss bank is eyeing sustainability and purpose – a shift full of dicey contradictions.
Switzerland's largest bank is expanding a site in Ticino to specialize in artificial intelligence. The move will create 80 new jobs in southern Switzerland.
Standard Chartered is creating a new business unit to invest directly in financial technology and promote innovation.
Amid the daily onslaught of fintech disruption news, a major ratings agency is sticking its neck out to argue that banks need not worry about losing their lock on clients just yet.
Credit Suisse Chairman Urs Rohner doesn’t believe in the disruption of the banking industry or a seismic shift. It is the banks themselves cultivating new and innovative ideas, he argues.
The U.S. bank is revving up to cash in on a $11 billion infrastructure push by China. It has added ten client advisers and product experts in Singapore.
The U.S. fund management house said it has hired a Hong Kong banker for a greater China role. The move fills a vacancy following a rival's raid last year.
Globaleye, which specializes in affluent expats, is leaving Hong Kong. A hometown rival is snapping up the book, hoping for an entry into the Asian wealth market.
A crypto market maker has poached its new chief executive for Japan from Goldman Sachs. The move is emblematic of red-hot digital token industry's attempts to suit up.
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