Zurich Insurance increased its written premiums through the first nine months of the year but takes a hit from Hurricane Ian in the third quarter.
Zurich-headquartered insurer Chubb has announced an internal promotion for the role of Asia Pacific head of the consumer unit.
Just after Petrus Advisers increased the pressure to oust Temenos management, the minority activist shareholder received reinforcement from a Swiss asset manager.
Celebrities rallied around former crypto wunderkind Sam Bankman-Fried as the FTX exchange is imploding. The spectacular collapse of his crypto empire is hitting some of them hard.
In addition to lower market valuations, Vontobel's institutional clients remain cautious about new investments. But wealth management was a bright spot.
The Zurich-based investment house is closing its office in Hong Kong. It will be transferring its private clients to a competitor from Liechtenstein, as finews.asia revealed last July already.
China was the only major market to record an increase in its ultra-rich population, according to a recent wealth report, contrasting with a broader global decline driven by a myriad of macro headwinds.
Credit Suisse will look to improve organizational agility in its Asia Pacific wealth management business by flattening its structure with key changes to top managers.
Julius Baer will seek to further expand its reach in Northern India with the hire of an onshore team of relationship managers.
UBP has reshuffled its top leadership in the region with new appointments to lead the North and South Asia business.
At the end of the week, Credit Suisse will completely liquidate the first of four closed Greensill funds, finews.asia has learned. Investors will get their assets back, but there is a special twist.
Binance has withdrawn from a deal that would rescue FTX just one day after founder Changpeng Zhao signed a non-binding acquisition agreement.
SAS-language-based data analytics routines are a mainstay of many Asia Pacific financial institutions today but in a slowing economy, the high software maintenance fees payable to the SAS Institute are increasingly attracting scrutiny.
Goldman Sachs has released its biennial list of newly elevated partners which included a handful of individuals in Asia Pacific.
We always strive to keep our content relevant based on competent and credible journalism, finews.asia Founder Claude Baumann says in an interview with fundplat.com. We now have more than 300,000 unique users a month, which means we have a considerable readership in...
The last three years have destroyed a lot of goodwill at the Swiss-based banking software company Temenos. That has activist shareholder Petrus Advisers calling for a radical overhaul and sending heads rolling.
Nearly half of banks in Singapore cited legacy tech as a major hurdle to the digital transformation of their businesses, according to a recent study, impacting both internal operations as well as client experience.
Canadian private bank RBC Wealth Management has announced the appointment of a chief operating officer for its Asian unit.
Sun Life has announced the appointment of a general manager in Hong Kong to oversee the Canadian insurer's agency channels.
Billionaire wealth in China fell in the past year, according to the Hurun Rich List 2022, due to the Russia-Ukraine conflict, a drop in tech share prices and a slow post-Covid economic recovery.
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