Singapore has named former Swiss Re chairman Walter B. Kielholz as an honorary citizen for his contributions to the city-state’s insurance industry.
Although Shanghai is the top fundraising center in 2022 thus far, daily life disruptions persist with negative headlines piling up to new heights in China’s financial capital of 25 million residents.
China’s foreign exchange regulator reportedly phoned several banks to warn against aggressive selling of the Chinese yuan in the midst of a strengthening dollar.
Singapore-based digital wealth advisory platform Endowus has doubled its client assets in just one year to nearly $1.5 billion.
Financial firms such as Blackrock, UBS, HSBC, Pimco, and Fidelity have significantly reduced their funds' investments in high-yield Chinese real estate and construction firms.
UBS is unloading a fund platform for alternative investments to iCapital. But the Swiss bank continues to hold a strategic stake in the buyer.
Chinese insurer Ping An made its most public statements thus far about its push for an HSBC breakup with co-chief Jessica Tan stressing that the proposal is about long-term returns and not activism.
Raffles Family Office has appointed a managing partner to join and establish a new real estate team.
Allianz is reportedly furthering its push into mainland China’s financial sector with ongoing discussions to set up a majority-owned asset management joint venture with a local lender.
Despite the challenges, Hong Kong optimists point at the size and mix of the market’s investment universe as a key factor that will sustain the city's status as a hub for family offices, according to industry experts on a recent panel.
Malaysia’s top court upheld its verdict against ex-prime minister Najib Razak who was ordered to begin his prison sentence after losing a final appeal against the ruling.
The demand for collectibles is on the rise to feed a growing appetite for recession-proof hedges against inflation.
Chinese issuers facing delisting risk are seeking alternatives worldwide with the Singapore Exchange reportedly anticipating demand in the coming months.
Credit Suisse announced the expansion of its wealth management division at the end of 2021. Now a wave of client advisor reassignments is beginning.
In addition to its ongoing reopening, Singapore will look to further expand its travel capacity with plans to launch a new terminal that will rely heavily on automation and be resilient to future pandemics.
Pressure from Beijing to lend coupled with economic worries from borrowers has reportedly led Chinese banks to inflate their loan figures by adopting unusual practices.
Authorities are reportedly considering whether to exempt participants from onerous quarantine requirements, prompting a potential backlash.
DBS Digital Exchange saw trading volume rise significantly in June in the midst of ongoing turbulence in cryptocurrency markets.
Before even starting her job as European head of Credit Suisse, Francesca McDonagh has been named as the new COO, becoming the CEO's right hand woman.
Harris Associates chief investment officer David Herro called Credit Suisse’s investment banking division a «problem child» that needs to be fixed within the next two years.
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