Global auction house Sotheby’s, whose largest shareholder is China’s Taikang Life Insurance, has launched a new luxury division.
The rapid rise in wealth creation in Asia has been accompanied by a strong interest in impact investing. UBS has been keen to engage its Ultra Net Worth Clients in this area and has appointed a well known Impact Investing expert to enhance this offering.
The third largest asset manager in China and the third largest asset manager globally are ignoring the shadow of potential trade friction from the incoming Trump administration and have signed a memorandum of understanding.
Swiss wealth management giant UBS has appointed a new Co-Head Global Ultra High Net Worth and a Head of Global Family Office Group for Asia Pacific.
Global asset manager Barings has announced the appointment of a new Chief Executive Officer in Korea. Former CEO Thae Khwarg retired in December 2016 after more than 20 years with the firm.
Zurich may soon become one of the host cities for the fledgling Formula E racing-car championship. Bank Julius Baer is determined to make its home town a new hub for the sport.
Edmond de Rothschild is going through a bad patch: the CEO of asset management has resigned, Hong Kong is about to be closed down and now comes a further retreat.
The Hong Kong regulator has taken action against a former financial planning manager, banning him from the industry. Although only the second week of the year the SFC has been called into action on four occasions.
With the impending Donald Trump presidency and its unknown impact on the economy, the asset management industry in Asia looks set for a choppy year ahead.
Savills Investment Management has appointed a new Director, Fund Management for Singapore. It is the latest in a series of senior management hires as the firm further strengthens its team in Asia-Pacific.
Swiss banking giant UBS has named a new Head of Group Strategy, the new man will have responsibility for Group Corporate Development and Performance.
Swiss bank UBS is in talks with its joint venture partner in China to increase its stake in Chinese investment bank and brokerage firm UBS Securities.
Bank J. Safra Sarasin has appointed a new Managing Director, Client Advisory, to its Hong Kong team. Last year the bank made several senior hires to its Singaporean unit including a new CEO.
Personnel decisions follow strategy, in the C-Suite as much as for the rank and file. While bringing in an outsider can be an advantage, it shouldn’t become the rule, Guido Schilling writes for finews.first.
Is client secrecy dead at Swiss private banks? Far from it, Heather Lowe of Washington, D.C.-based think-tank Global Financial Integrity tells finews.asia.
Former British Prime Minister David Cameron, forever linked with the U.K.’s ongoing Brexit debacle, will be one of the most prominent speakers when UBS starts its Asian conference swing this week.
The Malaysian government is said to be making preparations to shut down the state-owned 1Malaysia Development Berhad fund.
Looking back, 2016 has been a roller coaster year for financial markets, says Daryl Liew from Reyl Bank. But what can we expect for 2017?
With effect from January 1 2017, banks and depository institutions, investment entities and custodial institutions in Singapore are now required to establish the tax residency status of all their account holders.
In the wake of the news that the former branch manager of Falcon Bank has been charged related to the Malaysian fund 1MDB, the former head of now shuttered BSI Bank in Singapore has come under the spotlight.
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