Global fintech firm wins full regulatory approval from UAE Securities and Commodities Authority to deal in securities in UAE.
There will be a change of leadership at Swiss Re this summer. Christian Mumenthaler is stepping down after eight years as CEO and 25 years with the reinsurer.
Singapore’s financial watchdog has expanded its regulatory scope over crypto-related activities, including custody and transfer.
London-based Standard Chartered has named a global head of wealth management solutions, finews.asia has learned, shortly after the recent exit of an industry veteran.
The Avaloq founder is knee-deep in his various startups. He just restructured agritech Innoterra and is now on the prowl for investors. As a 61-year-old, he loves building things just as much as he did as a child, he tells finews.com in an interview.
The high remuneration packages going to UBS CEO Sergio Ermotti and co. have caused a lot of red faces in Swiss politics. However, the pay increase is just one part of the windfall for UBS executives in recent months.
The major bank wants to spend up to $2 billion on a new share buyback program. This could have a welcome effect on UBS shares.
The first conviction has been delivered to one of the ten arrested suspects in Singapore’s headline money laundering case.
Dallas-headquartered real estate firm CBRE has promoted two executives in its Asia Pacific advisory and transactions services team.
Singapore’s regulator has launched a new platform for financial institutions to combat money laundering by sharing customer information. This has been introduced amid an ongoing headline case involving 10 suspects and over $2 billion in seized assets.
Sam Bankman-Fried spoke for the first time since being sentenced to 25 years in prison over the FTX scandal. He claims he is remorseful despite a differing opinion by the courts.
Liechtenstein-based VP Bank has appointed an industry veteran as its new head of wealth management for Hong Kong.
Chicago-based real estate firm JLL hired a former real asset researcher from index provider MSCI.
Following the takeover of Credit Suisse, UBS has made a re-entry into India’s onshore wealth market. Combined with its offshore coverage, the market has been earmarked as a «long-term strategic opportunity» for the Swiss private bank.
In the aftermath of the biggest money laundering case in Singapore’s history, the country’s reputation as the leading financial and wealth management center took a beating as wealthy families look to other jurisdictions to set up family offices.
Despite the critical role trade finance plays in economic progress, persistent trade finance gaps remain across emerging markets, exacerbated in recent years by heightened economic uncertainty.
Ant International and Capital A Berhad, owner of AirAsia, have formed a strategic collaboration in various areas.
Larry Fink believes in the potential of tokenized assets in institutional business. «His» company Blackrock, the world's largest asset manager, has launched a new money market fund based on the Ethereum blockchain.
A senior compliance manager from Liechtenstein's LGT Group has joined Bank of Singapore in Dubai.
Japanese SMBC Group grows its presence in the Asia-Pacific region through organic growth complemented with strategic acquisitions.
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