News that Barclays Wealth has witnessed another senior departure this week in its Asian operations has added to the assumption that the British bank could be about to jettison its Asian wealth business.
Kirt Gardner recently picked up the tools at UBS, taking charge of the banks finances. He now made an important addition to his team.
Acting on the growing unease of flows of undeclared money surging into luxury real estate developments, the U.S. Treasury Department has said that it would begin identifying and tracking undisclosed buyers.
With a name such as The Hong Kong and Shanghai Banking Corporation and with the vast majority of its profits coming from Asia it might not be an unreasonable assumption that the bank should be seriously looking at a shortlist of Asian financial hubs.
Following an investigation, the Australian Securities and Investments Commission has handed down a stiff penalty to a former authorised representative.
Hong Kong's Securities and Futures Commission has banned a licensed representative from re-entering the financial industry for 10 months.
Hong Kong’s Cheng family has put one of London’s most exclusive hotels up for sale with a price tag of $650 million - more than three times the amount it paid for the building 10 years ago.
The German precious metals trader Degussa, which opened an office in Singapore about two months ago, is now expanding its offering into the digital sector.
Malaysia's CIMB universal bank has appointed a Group CEO, who will guide the company to new heights.
Boris Collardi, the boss of Julius Baer, surprised everybody by creating a new division and selecting a new board member – decisions that befit his style of management, which seems to be driven by opportunities and chance.
Andrea Orcel, head of the Investment Bank at UBS, hasn't been shy about his plans for the division he leads. Now, he's suddenly been linked with taking over the job at a different bank.
For once both of the major Swiss banks are in agreement: Amid a steep equity market drop and indications of a longer economic slowdown in China, the Credit Suisse CEO has echoed the outlook of his strongest rival.
For the first time, the strongest single market for Porsche in 2015 was China where the German company delivered almost 60,000 vehicles. Compared with 2014, this was an increase of 24 percent.
A Mississippi based law firm with a reputation for complex US tax rules and regulations issues has made a bold move into Asia.
Australian integrated financial services firm Mutual Trust has appointed Northern Trust to provide global custody services for a portfolio of international assets.
Should any major event damage market confidence and trigger a major fire sale in Hong Kong's real estate market, there is plenty of room for property prices to correct, reveals a new report.
Standard Chartered Bank has chosen the first eight companies who will participate in a fintech accelerator programme run in association with Chinese internet firm Baidu in Hong Kong.
«Private Banker» of the year in Asia – the award is just the icing on the cake for a man whose career path is on the ascent: Francesco de Ferrari, private-banking boss of Credit Suisse in Asia.
The Korean mutual fund industry has been sluggish for years, but things may be looking up at last. An expected tax waiver on overseas equities funds, if implemented, could open the gates to asset flows.
BNP Paribas strategist Mirza Baig anticipates strife for leveraged commodity providers this year. Speaking at a media briefing in Singapore he also talked about the effects of the ongoing currency fluctuation in China.
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