Swiss banks have wooed wealthy Saudi Arabian clients for decades. A wide-sweeping anti-corruption campaign by the young force behind the kingdom's throne puts Switzerland's banks into a dicey position.
UBS is bulking up its sustainable money management with several key hires, finews.asia has learned.
ANZ announced that its chief risk officer will retire at the end of March 2018.
A Singapore-based receivables and supply chain financing provider launched its own investor platform.
Swiss bank EFG International poached a long-standing Credit Suisse banker for its board as well as a key role in bolstering its Asia business.
Julius Baer was roiled by the exit of long-standing CEO Boris Collardi for a privately-held rival. A top executive at the larger Swiss private bank gave a glimpse of his damage control plans.
Indosuez Wealth Management completed the acquisition of Crédit Industriel et Commercial’s private banking operations in Singapore and Hong Kong.
The Jersey Financial Services Commission joined the likes of Hong Kong and Singaporean regulators in issuing a warning on initial coin offerings.
Independent fund manager Helvetic Investments initiated a regulated, open-ended cryptocurrency fund, making it the first institutional grade, diversified, crypto investment fund from Asia.
Aviva Investors strengthens its Asian fixed income team with a pair of senior hires.
Switzerland’s financial markets regulator Finma is expanding its administrative board, strengthening Asian expertise and adding insurance market knowhow.
CME Group will start trading bitcoin futures from December 18, after receiving approval from the regulator.
Cryptocurrencies are based on unproven mathematic formulas, writes finews.com editor Frédéric Papp in an exclusive essay for finews.first. You will win a million dollar if you manage to come up with proof, and it would spell the end of bitcoin et al.
Swiss banking giant UBS inaugurated a new digital centre in Hong Kong. One of its aspirations is to bring wealthy clients and startups closer together to forge collaborations.
Standard Chartered announced a head of wealth markets products sales further strengthening its private banking and wealth management team in North Asia.
Hong Kong officials are poised to ink a fintech agreement with wealth hub Switzerland, finews.asia can exclusively report. The move follows a recent agreement with Singapore.
Is the world of banking set to change completely? Here is how Andre Lagger, CEO LGT Financial Services, sees the digital revolution.
Private bank Julius Baer appointed a new head for the Taiwanese market. He joins the firm from larger Swiss rival UBS.
Year-over-year growth in the number of announced merger and acquisitions deals in Asia Pacific in the first quarter of 2018 is predicted to be robust.
Sergio Ermotti chief executive of UBS sparred with a former central banker on levels of remuneration to bankers.
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