Sergio Ermotti's pay is prompting debate before takes over as CEO on Wednesday at UBS's AGM. The question is whether the bank can still hand out bonuses with any freedom.
The global card payment organization appoints a new head for Hong Kong and Macau.
The chairman of Credit Suisse and six other board members face opposition from the board of directors of Norway's sovereign wealth fund.
Nomura creates a new role in its international wealth management business and hires a former Citi banker to fill it.
The global bank names a senior HSBC executive and Singtel NCS Group managing partner to oversee the Singapore business.
The new appointment moves from London to Singapore and will focus on leveraged finance in India and Southeast Asia.
Asset management company Aviva Investors expands distribution capabilities across the APAC region.
Initial preliminary estimates by the bank foresee redundancies of up to 20 to 30 percent of the total payroll of 120,000 due to the forced Credit Suisse acquisition.
A Swiss banker associated with the private bank Ihag pleaded guilty in New York to helping Americans hide over $60 million from tax authorities through opaque channels in secret accounts. To assist the clients, the banker implemented the «Singapore Solution»
Schroders Capital's private assets team said why the asset class is well placed to benefit from the boom in generative artificial intelligence and how new entrants are sticking to longer investment periods despite having more possibilities to exit funds.
The uncertainty surrounding the future of Credit Suisse's investment banking division is causing the personnel merry-go-round to spin faster and faster. Entire teams are looking for options.
An increasing number of people are looking out for a Plan B in their lives. That can often entail a second passport, which is one of the reasons why the citizenship business is booming. But what do you need to get one? finews.com takes a closer look.
The era of the private client comfortably installed in a hushed lounge to consult his bank account statement under the benevolent eyes of the banker, seems to be well and truly over, Charles-Henry Monchau writes in an essay on finews.first.
There appear to have been a number of unintentional disclosures in connection with the secret talks between Swiss authorities, UBS, and Credit Suisse. That now has consequences.
The triumvirate of 2022 shocks – energy, economic and geopolitical – bring substantial change to the world of the wealthy.
The risks in Credit Suisse's investment banking unit are firmly on the mind of UBS's top management. To address the potential danger, UBS swapped out its CEOs shortly after the takeover. Is it overdoing it?
The global bank promotes two senior bankers within the treasury and trade solutions group.
The founder of the crypto exchange maintains his innocence in the face of new charges levied by US prosecutors.
Singapore-based OCBC Group gives its Group CEO a substantial pay increase following the net profit growth it reported in 2022.
A speech by a senior regulatory official says Singapore’s strong legal foundation provides a solid basis for expansion in Southeast Asia.
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