In contrast to the Group level, former Credit Suisse bankers are increasingly joining the ranks at the helm of UBS Asset Management. It's probably not without reason that Iqbal Khan, the head of the division, is more integrative than his boss Sergio Ermotti.
London-headquartered HSBC has decided to wind down its wealth and personal banking business in New Zealand following a strategic review.
In Singapore, Swiss investment house Vontobel and finews.asia put on an exclusive event for fixed-income investors titled «Capturing Yield in 2023».
UBS’s newly enlarged wealth business in Southeast Asia will house familiar faces at the top from Credit Suisse. But there are signs that Credit Suisse private bankers could face a less familiar environment.
Zurich-headquartered Sygnum has received approval from the Monetary Authority of Singapore to commence regulated crypto services in the city-state.
The investment management arm of Fidelity has appointed a new head of Middle East and Africa.
While holders of Credit Suisse AT1 bonds were left holding the bag following its takeover by UBS, holders of its senior bonds are poised to benefit.
Switzerland's financial regulator has given UBS leeway for building up equity capital following its acquisition of Credit Suisse. But it's holding fast on another important point.
Some of the changes to the management team of the new UBS subsidiary Credit Suisse were made known while others were the subject of speculation. Now UBS has made its selections.
Amid ongoing integration with Credit Suisse, UBS has internally announced leadership changes to its wealth management unit in Asia Pacific, finews.asia has learned.
DBS has launched its own multi-family office to leverage Singapore’s variable capital company rules and attract more ultra-high net worth wealth.
The acquisition of Credit Suisse by UBS is now complete, and Credit Suisse shares will cease trading after today. UBS announces directorships for some of the Credit Suisse units.
Bank of China International, in collaboration with UBS, has become the first Chinese financial institution to issue a tokenized security in Hong Kong.
A two-year police investigation resulted in Zurich prosecutors filing a case against Lex Greensill and four former Credit Suisse bankers. Greensill's supply chain fund collapsed in 2021.
The Hong Kong government has launched a network of service providers for family offices as part of ambitions to attract the ultra-rich to the city.
An important chapter in Swiss business comes to an end when Credit Suisse's shares are delisted on Tuesday. Very few institutions have weaved themselves into the country's very social fabric in the way it has.
Zurich-headquartered Julius Baer has bolstered coverage in Southeast Asia with the appointment of a former UBS private banker with a focus on the Indonesian market, finews.asia has learned.
The Bank said a fine imposed on it by the EU Commission in 2021 for participating in a bond trading cartel was too high. The Commission disagrees.
UBS is reportedly setting nearly two dozen restrictions for newly joining Credit Suisse bankers, including bans on clients from high risk countries and complex financial products.
In a class action lawsuit, Credit Suisse and its former auditor KPMG are accused of violating a US federal law originally aimed at organized crime.
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