UBS has opened another business solution center in China and is also investing in a new service center in India.
Former BSI banker Yeo Jiawei's boss was the first witness to testify against him in a 1MDB money-laundering trial, describing clandestine efforts to mislead investigators and cover up million-dollar kickbacks.
Emerging markets and Asia focused Standard Chartered bank has seen its shares fall after the bank reported that revenues and net profit had declined.
Switzerland's EFG International has to pay less for BSI private bank than originally agreed with the previous owners, BTG Pactual of Brazil.
EFG International appointed a new chief executive officer for BSI, the Ticino-based private bank it recently acquired. He isn't likely to last long in the position though, because the unit will be fully integrated.
Following receipt of all regulatory approvals, EFG International has announced it has completed the acquisition of BSI from BTG Pactual. What about Asia?
Robo-advisory services will be predominantly utilised by pre-existing investors, with robo-advisors managing 10 percent of global AUM by 2020, new research shows.
Quantifeed, a provider of digital wealth management solutions in Asia Pacific, has appointed a Chief Operating Officer and a Chief Financial Officer, alongside several other key senior hires.
Investment advisory firm serving ultra-high net worth families globally Crossbridge Capital, has launched Connect by Crossbridge, Singapore’s first digital advisory platform serving accredited investors.
M&G Real Estate recently restructured the portfolio management team of its core Asia property strategy. Now the global real estate fund manager has appointed a new Acquisitions Director in Asia.
International law firm Simmons & Simmons has announced that regulatory approval has been obtained for a new Joint Law Venture in Singapore.
Singapore start-up FinGo Ventures, has announced a partnership with account aggregation specialists eWise, ahead of the launch of the mobile payments and bank account aggregation app, FinGo.
Prosecutors are calling nine witnesses in their case against a former BSI private banker due to 1MDB dealings.
Sergio Ermotti, the boss of UBS, first launched the idea of a so-called superbank to share costs. But now it seems his cross-town rival Tidjane Thiam has been faster at coming up with a substantial plan for it.
Australia's Commonwealth Bank and Chinese billionaire Jack Ma's Alipay are set to collaborate to develop payments solutions.
After sealing a surprise deal in snaring the Asian wealth units of ANZ Piyush Gupta said, that he could not comment about any interest in acquiring the Asian private banking business of ABN Amro.
Former Goldman's Partner in Boutique Venture Hong Kong and Singapore in Push for Fee Transparency The Trump Inc ETF OCBC's Elaine Lam: Banker Who Makes the Numbers Count Credit Suisse Moves Towards Swiss Bank Spin-off Is Private Banking on the Decline in...
Tidjane Thiam had his back against the wall for most of the first half of 2016. Now, signs are mounting that the Credit Suisse boss is about to reap the first fruits of his labors at the Swiss bank.
The trial of former BSI banker Yeo Jiawei commences today in Singapore. Yeo faces a total of 11 charges that include money laundering and tampering with witnesses.
Vontobel launched a growth strategy in Asia earlier this year. Surprisingly, the business with Asian clients is already profitable in private banking. How?
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