With the integration of EFG International and BSI, their respective businesses in Eastern Europe will likely be merged. The managers of the two units have a common past but hardly a common future.
Last month finews.asia reported that Tim Leissner relocated to Los Angeles from Singapore and had subsequently left the bank.
Like the continual movement of tectonic plates, the management organigram at Australian bank ANZ has shifted once again just days after the wealth management unit was revamped.
The newly formed alliance between EFG International and BSI Bank appears to have claimed its first high profile victim.
Oswald J. Gruebel, the wise old man of Swiss banking, is set to replace Urs Rohner as chairman of Credit Suisse. That's at least what bankers are telling each other in the bars of Zurich's banking district.
Iqbal Khan, head of wealth management at Credit Suisse, is facing a mammoth task: while his boss wants him to hire hundreds of new bankers to attract more assets and boost profit, he first has to root out those who haven't performed.
A former private banker with Credit Suisse is returning to the fold after a stint at Julius Baer in Singapore. He will take a top job at the International Wealth Management division, research by finews.asia showed.
Japanese financial services group Nomura has become the first Asian issuer to list exchange-traded funds on SIX Swiss Exchange.
Banking with Russians for more than two decades has been a gold mine. Now, the losses incurred by a Georgian oligarch on his accounts at Credit Suisse have the potential to turn into a scandal that will affect the private banking industry for a long time.
The conformist gender labels that women care for the household while men control the finances no longer hold. Findings from BlackRock suggest that Singaporean women are as financially-savvy as men, but are lacking confidence in investing.
The stars Singapore Symposium had its third edition this February and was held under the banner «Asia – The New Normal». Here are some impressions of this 4-day event.
Sydney based Macquarie Group sells its Macquarie Life insurance business to Switzerland's Zurich in Australia.
Maples Fiduciary, a division of MaplesFS and affiliate of Cayman headquartered Maples and Calder, has opened an office in Hong Kong.
The U.S. hunt on suspected tax evaders has reached Singapore, as the Internal Revenue Service has asked a federal judge in Miami to force Swiss bank UBS to hand over documents on an account in Singapore held by a U.S. citizen of Chinese origin.
ANZ has responded and rejected the allegations in an earlier statement of claim by the Australian Securities and Investments Commission regarding bank trading and the bank bill swap rate.
Swiss bank UBS has build an Asian debt-financing group by combining its debt-capital market and leveraged-finance operations in the region.
It seems rarely a day goes by without ANZ CEO Shayne Elliott or his bank making the news. Now the Australian Securities and Investment Commission has commenced legal proceedings against te company.
Fixed-income trading isn't really part of the new strategy of Credit Suisse. Which doesn't mean that all traders are being kicked out: in the U.S., the bank is operating an electronic platform for fixed income – in cooperation with a conspiracy theorist.
Accounting and consulting firm Deloitte has announced a change of leadership at the firms Singapore based Southeast Asia business.
Singapore based United Overseas Bank has launched Asia’s first strategic collaboration with a global equity crowdfunding platform from Israel. The collaboration will see UOB making a S$10 million investment.
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