Zurich-based Julius Baer saw its net profit increase 18 percent in the first half. Assets under management also increased as more relationship managers were hired.
Assets under management at Julius Baer climbed higher in the first half of 2023, with accelerated net inflows in the second quarter.
Boston-based investment firm Bain Capital has agreed to buy a stake in an Indian non-bank lender owned by Gautam Adani’s family.
Asset management giant BlackRock has appointed two executives in Asia to focus on the region’s wealth management segment.
Singapore’s OCBC has announced the appointment of a newly created role of chief sustainability officer.
Artificial intelligence created enormous efficiencies in many industries but has yet to in the financial world. In his article for finews.first, Martin Velten expresses his conviction the possibilities of AI-driven asset management are so great there'll be no...
China’s Citic has reportedly let go around 10 percent of bankers at CSLA, its offshore unit in Hong Kong.
Union Bancaire Privee's first-half results can be described as stable in the face of challenges, and reflect the cautious attitude of its clients.
Following its takeover, job cuts loom at Credit Suisse. But they're also Credit Suisse units UBS wants to expand.
London-based Schroders has rejigged the local leadership in Asia Pacific, following the promotion of its regional head.
In contrast with pullbacks by rivals, Deutsche Bank’s investment banking arm is expanding in Asia with senior hires, including in Hong Kong.
New York-based Warburg Pincus has promoted a real estate veteran in Asia to become president of the private equity firm.
Working from home has become commonplace in the banking industry. Over the long term, the consequences of this development are enormous, and negative for commercial real estate.
An overwhelming majority of wealth managers worldwide prefer to work with external parties on technology rather than focus on in-house development, according to a Citi survey.
Singapore-based multi-family office Farro Capital has expanded with three new hires, including a former EFG banker.
Japan’s Nomura has launched its international wealth management business in Dubai and opened a new office in the Middle Eastern city.
A finews.asia series takes us to some of the favorite places fund managers choose to spend their summers. First stop: Tokyo.
Geneva-based UBP has bolstered its equity advisory capabilities with the hire of a former HSBC executive in Hong Kong.
Credit Suisse is reportedly embarking on yet another round of layoffs, this time in its securities joint venture in China.
Chicago-headquartered Northern Trust has announced the appointment of a head for its Hong Kong entity.
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