Giving up on its famous banking secrecy laws, Switzerland lost its competitive edge over rival financial markets. The establishment of a crypto currency cluster in Zug now provides a welcome boost to the industry, a finews.asia analysis shows.
In recent years, interest in emerging markets, which was fueled by hopes of high returns, had faded. Now, the former stock market star is back in the limelight, Bank Vontobel's Alex Fung writes.
Citigroup poached from UBS for its new head of corporate and investment banking for China.
Fullerton Fund Management, a subsidiary of the Singapore state wealth fund Temasek, appointed a new Chief Executive. She has years of experience in the region.
The chief executive of ANZ will be the next chair of the Australian Bankers’ Association, filling an unexpected void.
Mitsubishi UFJ Financial will automate up to a third of its back office in a bid to concentrate its resources on more lucrative business.
The private investment firm behind Singapore-based fintech hub Lattice80 has plans to make the city-state the center for artificial intelligence startups. And there is more to come.
Hong Kong’s Securities and Futures Commission dropped a misconduct lawsuit against Standard Chartered and UBS over their roles in a 2009 IPO. But UBS and several other firms aren't off the hook yet.
Two global wealth management hubs signed an agreement for automatic exchange of financial account information in tax matters.
Hong Kong’s richest man is backing the city’s financial technology start-up sector by investing in a specialist provider of artificial intelligence.
Switzerland's government has begun public consultation on the automatic exchange of client information with two major – and rival – financial centers in Asia.
Cryptocurrencies have soared in popularity, there are now more than 1,000 in existence with an aggregate value greater than the market capitalisation of IBM.
Three Swiss private bank CEOs gone from their jobs within a month. The reasons for each departure are different, but they have one thing in common all three were ultimately felled by massive industry changes.
Law firm Allen & Overy made an equity investment in a financial technology company.
BNP Paribas wants to add dozens of bankers to its Asian wealth management operations.
The Hurun Research Institute released its annual rich list for 2017. 2,130 individuals in China now have fortunes equivalent to the economy of the U.K.
Blackrock made three senior hires to strengthen its client business team in Australia.
JLL announced leadership changes to its South Korea business, reinforcing its commitment to a key growth market.
Indonesian tycoon Mochtar Riady, who is widely regarded as a pioneer in Asia's banking and real estate sectors, is bullish on the prospects of his country's banking sector.
UBS launched a new operating platform for its private bank in Hong Kong and Singapore. Asia was the last major puzzle piece in the Swiss bank's 1 billion Swiss franc infrastructure project.
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