The Swiss National Bank has been selling gold for years, but the country's per-capita gold holdings are enormous. Where does the country stand internationally?
EFG International announces the appointment of Andre Portelli as the new head of investment solutions, effective February 1. He also joins the executive and global business committees.
Continuing the tradition of summer reading, finews.asia presents some of the top book recommendations by leading bankers in the region.
The digital experience has become a critical consideration for wealth clients, especially in Asia where there are many tech-savvy users. Nonetheless, less than half in the region were satisfied with their provider's mobile app, according to Accenture.
It doesn't always have to be a trip abroad. In Switzerland, there are visually surprising alternatives to Scotland, Thailand, and the Indian Ocean.
UBS has rejigged the leadership in its Singapore wealth management business with two new appointments.
Crypto market maker Wintermute is expanding its presence in Asia with an increased headcount in Singapore and the relocation of its co-founder to the city-state.
Withers is receiving many inquiries from Indonesians about the Credit Suisse AT1 wipeout, adding that there could be solutions outside of the country.
Capitalizing on the China opportunity is one of Standard Chartered’s key strategic points of focus and it has reached half of its previously announced goal to double profits from the market.
London-based Standard Chartered saw profits soar in Asia with contributions across the board, including the cash management and financial markets businesses.
London-headquartered Standard Chartered saw profits rise in the second quarter of 2023, driven by higher rates and interest income.
Baltimore-based T. Rowe Price has hired an investment specialist in the Asia Pacific region that will play a key role in the responsible investment team.
The salary and benefits packages for expatriates in Singapore rose higher in 2022, according to ECA International, in contrast with a dip in rival Asian hub Hong Kong.
The central banks of Hong Kong and Saudi Arabia will look to deepen collaboration across various areas including financial innovation and technology.
Vontobel is struggling overall after a mixed first half, which comes at an inopportune time. The CEO, who is stepping down next year, is increasingly preoccupied with other issues.
London-based Barclays’ Asia business recorded higher income in the first half of 2023, in line with the global business.
Credit Suisse’s AT1 write-down continues to steal the legal spotlight, this time with an investor suing Japanese online brokerage Monex.
Hong Kong-based Value Partners and Indonesia’s Aldiracita Group have formed a strategic partnership which includes the cross-holdings of shares.
Prospects in India continue to attract new financial firms to expand presence in the country. In the latest, two global insurers based in Switzerland are reportedly vying for a stake in Kotak Mahindra’s insurance arm.
Asset management giant BlackRock has announced its expanded presence in India with the establishment of a local joint venture.
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