The major Swiss bank thinks of it as a modest sum, which nevertheless amounts to hundreds of millions of dollars. UBS is also tying its senior management into the integration project with long-term bonuses.
UBS wants to give itself more flexibility when issuing AT1 bonds. In order to achieve this, conversion capital of up to 70 million dollars is to be created in advance.
The global head of wealth management at Standard Chartered has left to pursue new opportunities elsewhere.
Following the Credit Suisse takeover, Asia has seen its overall headcount soar to now account for around one-quarter of the enlarged Swiss group's global workforce.
The Monetary Authority of Singapore is ironing out the legal and regulatory implications of tokenized investment funds with industry players.
One of the 10 headline money laundering suspects in Singapore has been slapped with new charges of submitting fake documents to Julius Baer.
Sergio Ermotti received a salary of 14.4 million Swiss francs in the recent months as CEO, with the majority of it being variable compensation.
Tokyo-based Sumitomo Mitsui Banking Corporation has obtained regulatory approval to set up a branch in India’s financial and tech hub.
Dallas-headquartered CBRE has expanded the role of a Hong Kong-based executive.
From March 28 to 30, Art Basel Hong Kong will be open to public access. The event will feature dozens more exhibitors compared to last year.
During the «Wealth of Good in Hong Kong Summit» on Wednesday, the local government announced a new philanthropic initiative called «Impact Link».
The astounding performance of the UBS share price over the past 12 months has been one of the biggest positive surprises on the Swiss stock market. But the joy may soon be overshadowed – with the Federal Council partly the culprit.
Chinese President Xi Jinping met with a handful of top US business executives in the midst of decreasing foreign investments.
London-based HSBC launched tokenized gold for retail clients today. Moving forward, it will look to roll out more assets in digitalized form.
Private markets firm Partners Group has announced the appointment of a new partner in Singapore.
Singapore-based United Overseas Bank has announced the appointment of a head of global markets and Hong Kong CEO.
Switzerland’s UBS is doubling down on Hong Kong. Today, it topped out its new office based in West Kowloon.
Asia is expected to be a key source of growth for UBS. CEO Sergio Ermotti predicts that the region will account for one-fifth of the Swiss financial group’s total assets under management in a few years.
London-headquartered HSBC is actively exploring various opportunities to convert real-world assets into digital form. One such area is tokenized gold, which it will introduce tomorrow to its retail segment.
The CEO of Asia private clients at Lombard Odier has resigned from the Swiss bank after less than two years on the job.
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