EFG International said it would tap shareholders again for extra shares to finance the acquisition of Swiss private bank Banca della Svizzera, or BSI. Its first capital-raising met with tepid success.
Swiss bank Credit Suisse recently recognised Thailand as a vast source of under-managed wealth, now one local Thai bank has moved to enhance the quality of its relationship and wealth managers.
Singapore based independent asset management firm TriLake Partners has strengthened its presence in Singapore hiring a former Zurich based Executive Director from Credit Suisse.
Old Mutual Global Investors, part of Old Mutual Wealth, has announced the new Head of Sales, South East Asia. The firm sees huge potential in the ASEAN region for their funds.
In an effort to secure more Asian business, Jersey Finance has made a senior appointment in Hong Kong. Following the Brexit vote are the Channel Islands about to dilute London's appeal as a finance centre?
The poor state of the British education system reminds him of conditions his country of origin, Ivory Coast, said Credit Suisse CEO Tidjane Thiam. Disillusionment with inequality is what lies behind Brexit, he argued.
Crisis-hit Credit Suisse has its hands full retaining top talent amid a wide-ranging restructuring under Tidjane Thiam. The Swiss bank is apparently reaching deep into its pockets to prevent an exodus.
Just a few months after expanding its footprint into India, The Vistra Group has embarked on another transaction, this time in Singapore, buying an international corporate services provider based in the city-state.
J.P. Morgan is inviting startups to sit side by side with its businesses in order to develop innovations that could revolutionise the sector. The move comes shortly after Chief Executive Jamie Dimon, said of the fintech innovators, a lot of things they do, we can...
Grenada is the latest entrant to the $2 billion cash-for-citizenship sweepstakes, touting its pristine beaches, friendly locals and luxury real estate industry as an ideal match for wealthy investors looking for a second passport. How does the Caribbean nation...
Standard Chartered has announced the appointment of a new Regional Head, Private Banking, ASEAN & South Asia and Global Head, Non-Resident Indian.
Speaking in Singapore the New York based Chief Investment Strategist at Citi Private Bank was dismissive of any deep or lasting impact from last weeks U.K. referendum. However, another issue could be damaging for Asia.
Expansion across Asia was at one time the key to ANZ’s future. And why not, growing into the wealthiest region in the world made fiscal sense. Times change however and a current internal review looks likely to see an end to all that, and more.
UBS CEO Sergio Ermotti challenged staff to find financial solutions for the most pressing problems facing society today such as diseases, education, and climate change. The hidden bonus is to UBS's private bank.
The City of London is quivering at the prospect at losing as many as 70,000 banking jobs as a result of Britain's vote to leave the European Union. The reality is that London has already lost hundreds of jobs.
While Singapore's third largest bank has suspended its loan offering for London properties, in Hong Kong, buyers have been opportunistically snapping up bargains. So who is right?
Voices 4 Key Points on Wealth Management's Disruption Neal Cross: «Transforming Private Wealth Management» Prepare Your Finances For a Catastrophe Why Messi's Name Came in Panama Papers for Tax Evasion
The UBS Investment Bank is facing a string of high-profile departures and its boss, Andrea Orcel, has warned the staff to be ready for substantial pressure.
Switzerland's financial center may benefit from bloodletting in London's finance circles following Britain's decision to leave the European Union, leading city strategist David Stubbs told finews.asia.
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