UBS wants to reorganize its wealth-management business, the most important operative pillar. Job cuts and management changes are part of the plan.
Zurich's Bank Julius Baer has named a new of Head Emerging Asia. The focus of the the newly created role will be to strengthen and expand the business in two key markets, Thailand and the Philippines.
Switzerland's UBS has presented a mixed set of first quarter results, missing analysts expectations by 100 million francs. However, the Asia-Pacific region seems to bolster the bank. Why?
Singapore's largest bank DBS has reported its net profit for the first quarter was down 5 per cent from a year ago.The wealth management business however bucked expectations reaching new records in both AUM and revenue.
Melbourne headquartered ANZ Bank has announced one of the largest drops in earnings at a major Australian bank for almost 10 years, after reporting a 24 percent drop in cash earnings to $2.8 billion.
«We are currently looking to hire more front office staff,» Swiss Private Banker Evrard Bordier says in an interview with finews.asia. In particular, he is looking for relationship managers who are entrepreneurial.
The wizard of Omaha used the annual general meeting of Berkshire Hathaway to call a spade a spade: in his view, hedge funds are a waste of money. UBS won't have liked what the world's most famous investor had to say.
The Swiss stars Foundation in April organized a study trip to Chengdu in China. Here are some impression gained during the five-day trip, for which finews.asia was a media partner.
Leonhard Fischer, a German bank manager and former Credit Suisse executive, set himself the goal of constructing an Anglo-German banking group. After a Chinese investor threw a spanner in the works, Fischer is now open for new adventures.
Switzerland’s financial-markets regulator Finma is commencing a probe into the activities of the RBS Coutts Swiss unit and its links to the beleaguered Malaysian wealth fund.
Singapore Property Is Closer to the Bottom Than Hong Kong Why Fixing Deutsche Bank Is One of The Toughest Jobs He Woke to Find $123 Million in His Bank Account The Future of Private Banking is in Asia The First Digital-Only Bank in Vietnam
U.S. banking group Citi has appointed of new Country Officer for Singapore and Head of ASEAN. He is an almost 30 year Citi veteran.
Credit Suisse Chairman Urs Rohner gave his best to bolster the position of CEO Tidjane Thiam – notwithstanding the write-offs and contradictory statements about the underlying reasons for the financial difficulties the bank faces.
EFG International aims high – but has to issue a profit warning for the first quarter. Shareholders today will decide about raising the capital for buying BSI private bank.
HSBC Private Bank in Singapore has announced the appointment of a new Market Head and Desk Head for Malaysia, Global Private Banking, South East Asia.
Offshore RMB clearing centres are driving greater use of the Chinese currency in global trade, and countries such as the United Kingdom, are now reaping the benefits.
The French bank Societe Generale has made two senior promotions. There will be new leaders for Shipping & Offshore Finance and of Loan Syndicate and Sales, in Asia Pacific.
Singapore’s second-largest bank, Oversea-Chinese Banking Corp., has reported a slide of 14 percent for the first-quarter citing provisions for bad loans and weakened contribution from its insurance unit.
Switzerland's UBS will present its results for the first quarter next week – and possibly a set of restructuring measures. The aim to simplify the IT of the business could lead to hundreds of job cuts.
International legal firm Clifford Chance has appointed Co-Managing Partners for its mainland China offices in Beijing and Shanghai. The company is a market leader in Greater China Equity Capital Markets.
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