Consulting firm PwC claims that many in the wealth management seem to be oblivious to their technology inadequacies. Some even overestimate their firm’s digital capability.
John Hogue, the head of Citi innovation labs in Singapore and New York, which proof ideas to improve the U.S. bank’s services with customers, doesn't mind when ideas bomb.
finews.asia reported last week that the Japanese Government had passed legislation aimed at accelerating growth in the country's laggard financial technology sector. Banking giant Mizuho now aims to catch up.
U.S. asset manager Blackrock has won additional Renminbi Qualified Foreign Institutional Investor quota of $3.04 billion for its Singaporean regulated entity.
Singaporean crowdfunding company CoAssets is reinforcing its position as the biggest crowdfunding player in the region by opening a second office in the city-state.
Credit Suisse is pulling out of private banking in Panama. The bank says its decision had nothing to do with the «Panama Papers», in which it featured prominently.
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Union Bancaire Privee's investment chief in private banking is leaving the Swiss bank, finews.asia has learned. UBP found a replacement – a veteran of the company.
Switzerland's biggest bank is telling its customers to buy gold, even as experts in precious metals are contradicting each other over which way the price will go in coming months.
Global law firm Norton Rose Fulbright has announced the appointment of a derivatives and structured finance partner to be based in the Singapore office.
The apparent suicide of former Zurich Insurance CEO Martin Senn highlights how Swiss top executives are struggling to juggle an increasingly competitive and global workplace with a still insular Swiss culture.
After being overtaken by Hong Kong and Switzerland, according to the IMD World Competitiveness Center, the United States has capitulated its status as the world’s most competitive economy.
Global investment firm KKR has announced the appointment of a new Managing Director and Head of Greater China in the Firm's Real Estate team.
Geneva headquartered Bank Pictet has found a replacement for previous Chief Executive, Anuj Khanna, who departed last October.
A Malaysian investigation into state fund 1MDB, which pledged to be transparent, ignored potentially crucial evidence and failed to interview at least one key figure, according to the «Wall Street Journal».
BNY Mellon Investment Management has announced a new management team for its Asia Pacific business. The new structure will see additions in both Hong Kong and Singapore.
Embattled commodity firm Noble Group has announced that its chief executive officer Yusuf Alireza has resigned with immediate effect.
A leading third-party wealth management service provider from China, with a Swiss connection, has opened a new Hong Kong office. What is behind the move?
Hong Kong’s attractiveness as the regional legal hub has seen another global law group establishing offices there this month.
Credit Suisse says it sees a major business opportunity in Thailand for its private bank, where it plans to have 12 advisors by year-end, part of a push by Chief Executive Tidjane Thiam's Asian expansion plans.
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