The Co-Chairman of the Management Board of Deutsche Bank who has stepped down after this week's Annual General Meeting will continue to serve the bank, with a particular focus on Asia.
Singaporean prosecutors are said to have opened new channels of investigation against the former BSI wealth planner as the fallout from the 1 Malaysia Development Berhad fund scandal rumbles on.
Julius Baer, the Swiss-based private bank, hasn't reached the target for net new money in the first four months of the year because of negative currency effects and a loss of momentum in key markets.
Tidjane Thiam has kept his word: since taking up the job as CEO at Switzerland's second-biggest bank, he has initiated fundamental changes. The case of a staff magazine shows just how deep the change process is going.
Zurich Financial Services Australia has promoted from within for the newly created position of Head of Digital, within its Life and Investments business.
Vikram Pandit the former Citigroup Chief Executive, has teamed up with investment firm Atairos Group to launch a business that will purchase significant stakes in established financial services firms.
Due to continued slow momentum in Eastern Europe, Latin America and some client deleveraging in Asia, Julius Baer's net inflows declined below 3 percent. The bank's target is 4 to 6 percent.
Friends Provident International, part of the Aviva Group, has announced the appointment of a new Managing Director for Singapore. Previous MD Chris Gill has left the firm.
The former Head of Investment Strategy, Asia-Pacific, at HSBC Private Bank, has been appointed as Director, investments, at a dedicated ethical funds manager.
Avaloq has appointed a Group Chief Markets Officer and Deputy CEO for the group. The former SunGard executive will join the company as of 1 June 2016.
J. Safra Sarasin, one of the last private banks in Switzerland to still offer its wealthy clients in-house stock research, closed the unit down at the end of April, according to research by finews.ch.
Burglars made it off with HK$620,000 worth of valuables and cash from a luxury house on The Peak, co-leased partly by Pictet banker Claude Haberer.
Credit Suisse’s private bank has shelved a line of funds aimed at the ultra-rich, partly reversing a strategy for the wealth unit laid out by Swiss banker Iqbal Khan late last year.
One of Australia’s largest wealth managers MLC, the wealth management division of National Australia Bank, has announced the appointment of a new Head of Private Equity.
Brown Brothers Harriman has announced the launch of its Trust company in Hong Kong, and named the new head of the Greater China focused business.
EWM, a global provider of compensation and investment plan administration services, has hired the former CEO of Equatex, a spin-off of UBS.
Investment bankers have retained their privileged status in banking. But the earnings gap within the industry at large is widening.
Credit Suisse sees huge business opportunities in Thailand. Therefore the Swiss bank has launched a wealth management set up with a dedicated client relationship coverage team in Bangkok.
As one of the leading global fintech hubs the city-state is now home to a growing group of around 100 financial technology start-ups. Singapore is now also a key location to source funding.
Erich Pfister joined Falcon Private Bank in 2014 and started restructuring the company. In an exclusive interview with finews.ch, the manager explains the reasons behind the changes that became necessary at the bank.
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