Young male adults dominate retail usage of crypto exchanges, according to a study by the Bank of International Settlements, which said the group is commonly described as the most risk-seeking segment of the population.
Singapore state investor Temasek has fully written down its investments in fallen crypto exchange FTX, calling the initial confidence in founder Sam Bankman-Fried «misplaced».
Vontobel will look to sharpen its focus in Asia specifically on structured products following a reorganization, finews.asia has exclusively learned, which will lead to the relocation of its Asia wealth management CEO back to Switzerland.
Singapore headquartered wealth and asset manager Lighthouse Canton has hired a former equity researcher from JPMorgan.
Robeco has announced the appointment of two senior sales for its institutional business in Asia.
After Credit Suisse sold its US securitization business to Apollo, another deal is reportedly in the offing.
The fallout from the FTX bankruptcy is still unclear for the local crypto industry. While financial regulators are specifically knocking on players' doors, some providers are taking in millions, research shows.
A 33-year OCBC veteran has been appointed as the group’s new chief risk officer.
New York-headquartered consultancy firm Teneo has appointed a senior advisor for its financial advisory business in Asia Pacific.
Hong Kong authorities have shrugged off the downfall of crypto exchange FTX with the securities regulator noting that fund managers were unaffected while the financial secretary reiterate the city’s digital asset ambitions.
In financing the infrastructure for soccer's World Cup in Qatar, well-known European banks and pension funds paid too little attention to human rights, according to NGO Fair Finance International.
Credit Suisse’s cost-cutting drive in Asia is in full swing, with jobs lost across the board in private and investment banking.
The growth of onshore wealth managers throughout Southeast Asia has fuelled demand for technology, Avaloq’s Gery Dachlan told finews.asia, which is seeking to expand in a new market.
DBS has expanded its global presence in a brand new market with the opening of a representative office in Bangladesh.
Sanjeev Gupta's business empire still owes hundreds of millions of dollars to Credit Suisse's Greensill funds. But an agreement is within reach.
Amidst a reorganization taking place at Liechtenstein's VP Group, a well-known former UBS banker becomes head of its Swiss business.
Chicago-headquartered law firm Mayer Brown issued an update that called for regulatory considerations of an assessment regime for crypto investing based on knowledge rather than just net worth.
FTX's downfall poses a significant risk to the crypto industry. Key players in the industry are putting together a rescue fund to contain the risk of contagion.
Credit Suisse has entered into an agreement to sell a sizeable portion of its securitized products business to US investment manager Apollo
The former APAC co-head of Schroders has returned to the British asset manager, this time to lead the region as its sole chief executive officer.
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