The Australian unit of accounting, asset management and strategy consultancy Deloitte, has reported the acquisition of a wealth and investment management company.
Global investment and private equity firm KKR has expanded its Asia Pacific leadership team with appointments in China, Korea, and Singapore. The firms flagship $6 billion Asian Fund II is the largest private equity vehicle raised in Asia.
Liechtenstein's VP Bank achieved significant inflows of client money in Asia. By contrast, outflows in Europe continued. Intent on reversing the negative trend, the bank will start hiring more relationship managers.
A second U.S.-based asset manager has increased its stake in Credit Suisse, following the lead taken by Harris Associates. Is this the beginning of a trend?
Global investment management firm Pacific Investment Management, more familiarly known as Pimco, is adding to its Asian operations in an effort to carve out more market share of the growing private wealth.
The Chief Innovation Officer at Singapore's DBS Bank has edged out competition across Europe and Asia to take the title of the «Most Disruptive» Chief Innovation Officer.
Zurich headquartered Julius Baer has been steadily adding bankers in Asia this year and has now begun to calibrate its team structures. In a note to finews.asia the bank updated its latest internal moves.
Chinese wealth and asset management services provider Noah Holdings has announced a new Chief Executive to its U.S. subsidiary and appointed a new Chief Financial Officer.
The Government of Singapore Investment Corporation is the largest shareholder of Swiss bank UBS. Now the sovereign wealth fund plans to acquire a 7.73 percent stake in Vietnam's largest bank Vietcombank.
Credit Suisse isn’t holding back in its dealings with a team of investment bankers which left the fold and joined a rival. But the petty war about the star bankers does nothing to improve the image.
South Korea is about to begin the process of introducing a fully-fledged computer-advised asset management system, the nation's financial regulator has said. Is the country ready to engage?
LGT, the bank of Liechtenstein's principal family, had a lower first-half profit than last year as hirings increased costs. On the plus side, the bank recorded an inflow of assets, thanks also to the new employees.
Veridate Financial, an emerging fund administrator and provider of consolidated reporting to family offices, based in Hong Kong has made two key appointments to their team.
In its latest report real estate services firm CBRE says Western institutions face more business challenges and are in cost-saving mode, while Asian institutions remain positive and are expanding their presence across the region.
Hollywood actor Leonardo DiCaprio purportedly received funds from scandal-tarnished Malaysian state fund 1MDB for his environmental foundation. A Swiss foundation devoted to protecting Malaysia's rainforest wants answers.
Accounting and consulting firm Deloitte has announced a change of leadership in China. With 24 offices and 13,500 people across the Middle Kingdom, Deloitte is one of the largest professional services providers in the country.
Financial services group Manulife is collaborating with Indico Data Solutions, a Boston-based company that specializes in «Deep Learning».
The top 50 richest people in Singapore have a combined estimated net-worth of more than $800 billion, in the latest 2016 report by US-news magazine «Forbes».
Standard Chartered's head of Swiss private banking is set to depart. The British bank's brand will disappear from the Geneva banking landscape. The trust business will be centralized in Singapore.
Geneva-based private bank Pictet posted a drop in first-half profits, revenue and assets on Friday. The family-controlled bank is emblematic of the problems currently facing Swiss private banks.
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