Banks and insurance companies are like proxies for economic growth in developing countries, says Mark Gordon-James, Senior Investment Manager at Aberdeen Asset Management.
Joseph Safra, one of the world’s richest banker, is the latest high profile individual named in Brazil’s far-reaching corruption probe.
Mark Mobius, fund manager at Franklin Templeton, is stepping down later this month. He will however remain Executive Chairman of the Templeton Emerging Markets Group.
The cyber insurance market in Singapore is forecast to grow by 50 per cent this year. More businesses are now taking action to mitigate the high reputational and financial risks associated with cyber breaches.
The U.S. investment bank of UBS is hiring new advisers and industry experts in a bid to gain a bigger market share where rival European banks are closing their operations.
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U.K. bank Barclays is set to lose the Chief Executive of its Japanese business. The banking veteran is also the firm’s Asia-Pacific co-CEO.
EFG International and BSI, the two Swiss private banks, which are merging their business, will use one IT platform only. They have now decided which one and also who will manage the merger.
Underlining its ongoing commitment to its wealth management business in the region, Swiss bank UBS has announced the appointment of an industry veteran in Singapore.
Global real estate consultancy Knight Frank has launched the Global House Price Index for Q4 2015. Turkey leads the rankings with prices rising almost 20 percent during 2015.
Sotheby's International Realty Affiliates has announced an agreement with List Holdings Singapore to develop the Sotheby's International Realty brand in the city-state.
The Chief Executive of Singapore’s largest lender DBS has topped the salary remuneration ranks for bank CEO’s in the city-state.
Avaloq, the Swiss banking software developer, is putting a bet on renewed growth in China to boost its business as it extends its presence in the Asian growth markets.
Swiss real estate company Acron has agreed to finance the construction of a new luxury hotel in Chicago. In times of low interest rates, such projects are proving increasingly popular with investors.
Australia and New Zealand Banking Group is refunding around 25,000 customers approximately $5 million after it failed to properly apply some fee reductions and fee waivers
Australia’s largest bank, National Australia Bank, has strengthened its Chinese business presence by appointing an industry veteran.
finews.ch already reported on the departure of the well regarded head of Credit Suisse Asset Management. Media is now reporting another high level exit from the Swiss bank.
U.S. investment firm T. Rowe Price has a new leader in Japan after a filing with Japanese regulators. He will act as the firm’s official Representative in Japan and lead its overall Japanese business and distribution strategy.
Many bankers are ready to leave Switzerland, to escape the doom and gloom of Swiss banking – and looking for a new employer, they give Luigi Vignola a call. But the head of investment solutions at Julius Baer in Asia prefers to hire locally, he told finews.asia.
Singapore’s DBS Bank is further upping the ante in the innovation space with the launch of «DBS digibank», a mobile app designed to make banking «simpler, smarter and faster for its customers».
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