The Singapore regulator has imposed financial penalties on Singapore's largest bank DBS and on Zurich-based UBS. Both banks have also been told to appoint an independent party rectification measures.
The Monetary Authority of Singapore is withdrawing the merchant bank status of Falcon Private Bank, Singapore Branch. In addition the Singapore Branch Manager, Jens Sturzenegger, was arrested on 5 October.
UBS Chief Executive Sergio Ermotti is coy about whether the Swiss bank would bid for Deutsche Bank's asset management division it it came up for partial sale. But the industry is changing.
Property broker Tranio.com, in cooperation with the Spear’s Russia magazine, has completed a survey of forty-five private bankers to find out what countries Russian HNWIs immigrate to most often and why.
Singapore is bringing criminal charges against two former senior private bankers of Banca della Svizzera Italiana, or BSI, in connection with 1MDB. The bank was shut down by regulators earlier this year.
The Attorney General of Singapore has issued a press release on the ongoing case against employee's of BSI Singapore. Two people named face charges for forgery offences and for «failing to disclose information on suspicious transactions to a Suspicious...
In what could be a serious blow to morale, the long time head of the German lender's Asian wealth business is reported to have left the firm and is headed for a larger rival institution.
Concerns over credit risk drove UBS to pull out as financial adviser weeks ago to the $4.4 billion deal that took Dalian Wanda Commercial Properties private, allowing a Chinese bank to step in.
A Singaporean based wealth and asset management boutique is offering accredited investors access to hedge fund strategies without hedge fund costs, via their new App Store robo-advisor.
Investment research, portfolio construction and consulting services specialist Lonsec Fiscal Holdings has announced that it has sold its stockbroking business to Sydney based FinClear.
To help Singaporeans manage their finances PiSight, a Singapore based financial technology firm, has unveiled PiMoney, a personal digital financial assistant.
Fidelity’s Nitin Bajaj is controversial because he thinks unconventionally. But the fund manager’s investment strategies have proven themselves to be successful in volatile markets. His approach isn't without risk.
The Taiwan Stock Exchange and the Korea Exchange have announced the cross listing of ETFs tracking the benchmark indices of both markets.
Japanese bank Nomura has appointed of a new Head of Global Markets Sales. Earlier this year the bank announced plans to establish a new Asia Infrastructure Project Office in Singapore.
The Asian Development Bank has entered into an agreement with U.S. banking giant Citi to expand local currency lending to the microfinance sector under the Microfinance Risk Participation and Guarantee Program.
Bank of Singapore CEO, Bahren Shaari, recently commented that wealth managers with less than $20 billion under management in Asia may find it hard to continue their operations. ABN Amro has in the region of 140 relationship managers and an estimated $19 billion...
The year 1969 saw the creation of two of the most important landmarks in the parallel worlds of car design and watch making: Range Rover and Zenith. A partnership celebrates now their mutual longevity.
Banks and fintech companies are busy developing blockchain-based solutions. But we are likely to see blockchain «go live» in other industries first, Oliver Bussmann, advisor and former Group CIO of UBS, says.
Deutsche Bank may seek a partial listing of its asset-management division, in a bid to bolster its depleted capital, according to a report. The German bank had denied such a move last month.
New Silkroutes Group has formed a joint venture to develop private equity funds that will focus on healthcare and infrastructure in Asia. A former UOB banker will head the asset management entity.
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