Switzerland's Xavier Justo, a potential key witness in the corruption probe surrounding Malaysian state fund 1MDB, has been pardoned by the incoming king of Thailand. The Swiss citizen's lawyer expects him to be home for the holiday.
Andrew Tjia, Head of Private Banking, feels confident that VP Bank’s tailored offering, combined with its Asia-centric business model, are key differentiators in targeting High-Net-Worth-Individual clients in Asia.
Asia-based financial services group Nomura has launched a new wholesale fund for high net worth clients in Malaysia who meet minimum net worth or income thresholds.
Swiss private banks are snapping up executives from the luxury goods industry. What does the world of high-fashion, supercars, and fine jewelry and watches know that wealth management doesn’t? finews.com takes a look behind the scenes with two luxury executives.
Hong Kong's Independent Commission Against Corruption has confirmed that 29 serving and former employees of five financial institutions, including four banks, were arrested for alleged bribery.
Hong Kong's Financial Secretary also known as «Uncle Pringles» has resigned his post, the city's government said. Most probably he will run for the city's top job next March.
Domestic UOB is the first bank in Singapore to enable customers to use their mobile phone as their security token.
The financial regulator in Australia has banned a former employee of ANZ Financial Planning from providing financial services for a period of five years.
Hiring from a rival, international legal practice Allen & Overy has appointed an additional partner to augment its China corporate team.
A media, brand and marketing expert will join consulting firm PwC Australia in the newly created role of Chief Creative Officer.
Following its purchase of Macquarie Group’s life insurance division in March this year, Swiss insurance giant Zurich has further bolstered its presence in the region.
HSBC has launched an invitation-only membership program called Jade by HSBC Premier. The London based bank said it wanted to create a sense of longing and a desire to be a part of the club.
As it continues to reshape its senior management structure, Asian and emerging markets focused British bank Standard Chartered has made another addition.
In 2016, some of the top professionals chose to leave Private Banking. We look at 5 of the top professionals who left Private Banking in 2016:
The Swiss bank won plaudits for amping up cost cuts and lowering profit targets this week. It went largely unnoticed that Credit Suisse is tinkering elsewhere, raising troubling questions.
Dutch ING Bank has made a new senior hire in Singapore. The new head of Asian debt syndicate comes from RHB Banking Group.
The Hong Kong Monetary Authority voiced concern after a media report that more than 20 current and former employees of DBS Group were arrested in connection with an alleged leak of customer data.
Following Terry King’s decision to retire after a 36-year career in banking, ANZ has announced the successor in Taiwan.
Expecting a strong deal flow into 2017, Swiss bank UBS has hired a former «rainmaker» for a new post in M&A business in Hong Kong.
Will this be the year when China exceeds growth expectations, Brexit turns into Bremain, the Mexican peso soars and Italian banks turn out to the best performing equity asset class?
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