While asset managers invest ever greater amounts of their client monies in the financial markets, the threats to their business models are steadily increasing. The answer to these mounting threats can only be digitalization.
Venture capital firm General Atlantic named a prominent former diplomat to target business in Indonesia.
HSBC has lost a its head of real estate financing in Asia. The banker had been instrumental in building up a commercial real estate and hotel financing platform in the red-hot Asia real estate market.
Chinese Entrepreneur Jack Ma lost his crown as Asia's richest billionaire. Who supplanted the Alibaba tycoon?
A Genevan private bank is launching a Philippine fund, together with a domestic bank. The move is one of the first efforts from the tie-up agree last year to target onshore wealth in the Philippines.
Swiss asset manager GAM is poaching a well-known Asian asset management executive from Schroders in order to build its business in Japan.
A global wealth management study paints a sobering picture of the sector: It is growing, but profits are stagnating. UBS is a prime example of this development.
Julius Baer only revealed its expansion plans for the U.K. last week, but boss Boris Collardi is already actively luring key staff from British competitors.
Singapore's largest bank said it had hoovered up the private bank and retail operations in Singapore of a New Zealand-based rival which has elected to leave Asia.
A major U.S.-based distressed fund has poached an asset management executive from investment bank J.P. Morgan. The fund aims to bring legendary value investor Howard Marks' views to the Indian market.
If Singapore's financial authorities won plaudits for its handling of banks involved in the 1MDB scandal, it is now under fire for hesitating on an embattled commodities broker in the city-state.
A big-four Australian bank is pouring millions into a Sydney-based fintech in order to link its customer base with fast-growing digital payment and credit services.
A U.S. private equity takeover has sparked an exodus at the second-oldest China foreign fund joint venture, according to a report.
Liew Nam Soon and Evan K. Wiradharma from EY Financial Services talk about digitalization, robotics and the Indonesia financial services landscape.
China indicated it would further crack down on capital moving out of the country, escalating an ongoing fight on foreign investment.
Manulife has promoted a long-time finance and risk executive in its Hong Kong arm.
The head of Australia's largest bank sought to get in front of a money-laundering probe, admitting mistakes while defending his leadership.
The head of Australia's largest bank has been sanctioned over a money-laundering probe. His board also addressed the CEO's future at the bank.
A Japanese fund manager is buying a minority stake in a «disruptive» North American tech fund. The two already manage 75 billion Japanese yen ($677 million) in assets.
Singapore has expelled a well-known academic, several months after an ugly family rift among the descendants of its founding father burst into the open.
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