The Hong Kong arm of the global asset manager Aberdeen International Fund Managers, has formulated a new role, the Head of Multi-Asset Solutions, Asia Pacific.
In a case associated to a money laundering investigation linked to Malaysia’s plagued 1MDB investment fund, Singapore authorities have brought additional charges of cheating and obstructing justice on a former manager.
One month on from opening a new branch in Shanghai, Asia’s largest wealth manager UBS, has now increased its Hong Kong capacity with a second office.
The city-state has chalked up another fintech first with the launch of the Visa Innovation Centre, the first in a network of new creative centres that the company is opening around the world.
With the integration of recently acquired Lugano based BSI still a work in progress, EFG International has wasted no time in snapping up another private banking asset.
One of the U.K.’s leading private client investment managers and the largest in South Africa, Investec Wealth & Investment, has announced the opening of its business in Hong Kong.
UOB Group reported a dip in its net earnings for the first quarter of 2016. Investors will now be watching closely to see how the other two Singaporean banks have fared.
UBS, the world’s largest wealth manager, has concluded fundraising for an impact investing fund aimed at developing cancer treatments. More than half the funds raised originate from the Asia Pacific region.
China offers great potential for private banks, Ulrich Birch told finews.asia in an interview. He also mentioned the enormous challenges foreign banks face if they want to establish a presence in Asia.
The CFA Institute, the global association of investment professionals, has appointed a new Managing Director for Asia Pacific.
With the acquisition of BSI, Switzerland's EFG International thought it would be able to take the giant leap and capture a share of the Asian private-banking market. These hopes seem to have been dashed.
Vontobel Wealth Management Asia Pacific has appointed an Executive Director and Senior Relationship Manager in Hong Kong, further augmenting the Zurich headquartered firm’s advisory capabilities.
Dalian Wanda’s Wang Jianlin has lost his crown as Asia’s richest person, at least for now. However with Wang looking to restructure his empire he may be back on top soon.
Singapore’s DBS Bank has officially unveiled «digibank» India’s first mobile-only bank. The revolutionary offering brings together an entire suite of ground-breaking technologies from biometrics to artificial intelligence.
A former UBS trader involved in the exchange-trade manipulation under investigation in the U.S. has changed sides and is helping the justice authorities to track down former colleagues.
Annual general meetings of banking institutions aren't usually events that send the pulse racing. Not so in the case of Credit Suisse on Friday.
The only son of Lord Rothschild is getting married. A happy occasion of course, and a stunning one as well.
Julius Baer is about to accelerate its expansion in Asia and hire the necessary bankers. Switzerland in turn is in for a much rougher ride, the bank's CEO believes.
Standard Chartered Bank has announced a 58 percent drop in first-quarter profits. The news will certainly not be warmly welcomed by the largest shareholder, Singapore's Temasek Holdings.
Ticino based bank BSI has announced the departure from the bank of its interim CEO in Singapore and the appointment of another «acting CEO.» This will be the third CEO this year for the under fire bank.
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