He ran Credit Suisse's private bank in the U.S. for the last three years, but after the Swiss bank sold the unit to Wells Fargo, he found himself out of a job. Now's he's resurfaced at a prominent rival.
Given the extreme care UBS has had to take with its reputation following huge scandals in recent years, its involvement in the growing 1MDB scandal seems incredible. The bank faces a series of uncomfortable questions.
BSI’s former Asia CEO, who is under scrutiny from Singapore prosecutors over the bank’s ties with Malaysian fund 1 MDB, has lodged a lawsuit against his former employer after his bonus was frozen.
UBS is among Swiss banks to be scrutinized by Singapore’s regulator for financial dealings with Malaysian state fund 1MDB, two sources familiar with the matter told finews.ch and finews.asia. There may be a critical difference between the Swiss banking giant and...
Prominent Asian private banker Michael Hua left HSBC Private Bank in Singapore in April. The 12-year veteran of HSBC has joined a smaller rival, finews.ch has learned.
The current Chief Operating Officer and Deputy CEO of Falcon Private Bank will join Avaloq. He succeeds Markus Groeninger as CEO of Avaloq’s Swiss Business Process Outsourcing centre.
A Zurich investment company has again significantly increased its holding in the derivative specialist Leonteq.
At a media briefing in Singapore, Swiss President Johann Schneider-Ammann was reticent when asked consecutive questions on recent bank scandals surrounding Swiss Private Banks in the region.
Credit Suisse strengthens its onshore coverage capabilities with three appointments to its Investment Banking and Capital Markets team.
Singapore’s DBS Bank has announced a new wealth management office, based in London, which will serve ultra high net worth clients and family offices looking to Asia.
UBS is caught up the burgeoning scandal surrounding Malaysian state fund 1MDB, according to a investigative blog. The Swiss bank may have helped funnel billions in government cash to private hands.
Credit Suisse is giving up its onshore private bank in Russia. Once considered a promising new market for the wealthy, the country is apparently not delivering the revenue to justify costs for running the unit.
Swiss President Johann Schneider-Ammann is on a state visit to Singapore from Monday to Wednesday at the invitation of Singapore's President Tony Tan Keng Yam, said the Ministry of Foreign Affairs in a statement.
UBS is said to have imposed a partial hiring freeze in part of its wealth management business. At the same time the bank will soon announce the appointment of a financial industry heavyweight as vice president.
UBS wants to foster girls’ education in provincial India with a special type of bond. The project, not uncontroversial, has its roots with the resourceful head of a UBS charitable foundation.
Chinese financial regulators are investigating The Bank of East Asia over allegations the Hong Kong-based lender may have been used to pay out large sums of money to executives at a provincial government bank.
Following the integration of the Coutts Asia business, Geneva private bank UBP is still facing some upheaval in Asia. The Hong Kong office is undergoing a significant loss of personnel.
After announcing a new alliance in Vietnam last month, international law firm Taylor Wessing has now tied up with a local Hong Kong firm.
Leonteq Chief Executive Jan Schoch has a new project. He and former associates are developing a financial services platform for the ultra-wealthy, finews.asia can reveal.
The growth of the middle and upper class in China is creating opportunities in sectors such as consumption, healthcare and Internet. But there are also many challenges that the Middle Kingdom is facing during its economic transition, GAM's Jian Shi Cortesi writes.
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