Just a few days ahead of its first quarter earnings report for 2016, Switzerland’s number two bank has made another adjustment to the structure of the group.
France’s biggest banking group, BNP Paribas, is about to slash up to 40 jobs across its APAC operations as it attempts to reduce the cost of operating in some smaller outposts.
Leading businessmen from Iran together with Banque Reyl are currently touring through Switzerland in a bid to find more investors for the country long cut off from Western capital.
With or against the current – fund managers are required to think about this question each day of their working life. Courage pays off, but you need to be patient.
The Hong Kong Securities and Futures Commission has prohibited an employee of HSBC from re-entering the industry.
The Rakuten Fintech Fund invests in disruptive financial services companies with a focus on the U.S. and Europe. Asia however is in the sights of its latest investment.
Credit Suisse hired him to take the bank into a digital future. However, he has decided his own prospects are better served elsewhere and will now join a smaller rival firm.
The Bank of Singapore, the wholly-owned private banking subsidiary of Oversea Chinese Banking Corp, has appointed a new Chief Investment Officer.
At a court hearing authorities in Singapore have issued further charges against the former BSI private banker entangled in the widening investigation related to the Malaysian wealth fund 1MDB.
The rivalry between Hong Kong and Singapore has spanned decades and shows no sign of letting up. This time the competition is to see who can be the leading Financial Technology hub in Asia.
International law firm Appleby has bolstered its banking and finance practice in Asia, especially in Hong Kong.
The Singapore Diamond Investment Exchange is now open for business. It is backed by heavyweight investors including a wholly-owned subsidiary of Singapore’s sovereign wealth fund and a renowned investment guru.
After receiving her doctorate as a lawyer she joined UBS in 1999, where she gradually climbed the career ladder. Most recently she was the Chief Financial Officer for Asia Pacific. Now she leaves the bank.
International law firm Berwin Leighton Paisner has announced the appointment of a new hire who is renowned for winning the highest ever litigated divorce award in Hong Kong history.
UBS and Credit Suisse both have decided to serve their rich European clients together with the wealthy in emerging markets – saying farewell to «Swiss Banking» as we know it.
Operating out of Asia’s two wealth hubs of Singapore and Hong Kong, a new «Asian centric» Family Office has been launched. The board of directors includes a non-resident Ambassador to Switzerland and a former wealth management head.
On the back of a set of poor results, Shayne Elliott, the Chief Executive of ANZ is said to have instigated an appraisal of its Asian wealth business. Could we now see another tussle for an overseas wealth unit by domestic Asian institutions?
Fund provider Cim Global Business has appointed a new Managing Director for Singapore and Business Head for Asia. He joins from Standard Chartered Bank.
Swiss provider for investment solutions Leonteq has elected a new CEO for its entity in Singapore, as finews.asia can reveal. The new chief replaces David Schmid who returned earlier this year to Switzerland.
Asia focused, but London headquartered, HSBC, saw revenue fall in each of their four main businesses. The decrease was led by substantial drops in private banking and the investment bank.
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