Crestone, established by client advisers, senior management and employees of UBS Wealth Management Australia, has opened its doors with the newly implemented Avaloq Banking Suite.
Bank of England Governor Mark Carney commented last week that Fintech should neither be the Wild West nor strangled at birth.
Banks have gotten used to mistreating their customers in a surprisingly short time. It isn't surprising that they are less than pleased about it. And it doesn't amount to a sustainable business model, says Thomas Fedier in an exclusive essay for finews.first.
The Brexit vote is one of the year’s biggest so-called risk events for banks’ foreign exchange activities. Traders at Credit Suisse and UBS are bracing for an all-nighter after polls close on June 23rd.
Bedell Cristin, who specialise in providing Jersey, Guernsey, Mauritian and BVI legal advice, has strengthened its Singapore office with the appointment of an experienced corporate lawyer.
Rothschild Wealth Management has recalibrated its Asian business with two key appointments in Singapore and a new Head of Wealth Management for Asia. The previous Singapore wealth chief will relocate to Zurich.
The second quarter numbers for HSBC will take a painful hit with news that the bank has agreed to settle a long running legal case.
Pictet, the private bank based in Geneva, reports a change of guard at the top of the institution: out goes a partner after almost three decades and in comes another veteran at the bank.
The Swiss bank’s social media platform for the ultra-rich is moving ahead – with an intriguing strategic plan which shows that Credit Suisse hasn't entirely written off the U.S. wealth market.
In the second high profile censure in as many days, State Street Global Advisors Asia has been reprimanded and financially punished by the Securities and Futures Commission in Hong Kong.
The Monetary Authority of Singapore and the Australian Securities and Investments Commission have agreed to help financial technology businesses explore opportunities in their respective markets.
Despite a massive slide in Credit Suisse’s shares, at least one major investor has come out backing the new strategy of Switzerland’s second-largest bank.
Swiss asset manager GAM, led by Chief Executive Alex Friedman, is in the most severe crisis in its history. Its traditional business model is antiquated, and Friedman’s new strategy isn't bearing fruit yet.
After a longer than expected gestation period, the acquisition of UBS Wealth Management Australia has been completed and the new business has commenced operations.
Credit Suisse identified Thailand as an underserved wealth market and put in place a team to grow its assets there. Now the bank has made a move on-boarding a respected Thai wealth veteran.
Microsoft’s $26 billion deal to acquire professional network LinkedIn means a fee boom for investment banks. A prominent former CSFB banker is behind the megadeal.
London headquartered global asset manager Schroders, has fallen foul of the Hong Kong Securities and Futures Commission, and in the process, received a hefty fine and serious censure.
Melbourne headquartered ANZ Bank has announced the appointment of a new Chief Compliance Officer, the new appointee will report to Group Chief Risk Officer Nigel Williams.
He is always contrarian and sometimes controversial, now commenting on Brexit, Thailand based Marc Faber believes a U.K. exit could actually be good for everyone.
Investment banking bonuses at Credit Suisse in Asia, a cornerstone of the Swiss bank's new strategy, are bucking the trend of cuts seen in other financial hubs.
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