Financial firms continue to reconsider staffing plans in Hong Kong due to Covid-linked restrictions with more than a third of global asset managers having moved regional and global posts out of the city, according to a recent survey.
UBS has hired a 25-year veteran as its head of philanthropy services for Hong Kong and the broader Greater China region, finews.asia has learned.
VP Bank registered positive inflows in the first half of 2022 with the Asian wealth business being one of the primary growth contributors.
HSBC has announced the appointment of an independent non-executive director to the board of its Hong Kong unit.
VP Bank profits wane in the first half of 2022 due to a challenging market environment.
The career of recently deceased former Deutsche Bank head Anshu Jain is exemplary of the rise and fall of European investment banks. Credit Suisse leadership should take note.
A 20-year private banking veteran in the Malaysian market has joined Bordier & Cie as a managing director.
Citi has appointed a 25-year banking veteran as its new chief executive for Hong Kong and Macau.
Julius Baer is reportedly seeking to expand its onshore wealth management business in India as part of a five-year transformation strategy that includes the tripling of client assets.
For a long time, UBS’s private banking business served careerists as a stepping stone. Although outgoing manager Tom Naratil tried to break the trend, there are indications that it might not be so easy to do so.
The liquidation of Credit Suisse's supply chain funds has been sluggish. Now the bank is raising two additional claims against insurers.
Singapore-based Hodlnaut is the latest crypto firm to come under pressure with the application for creditor protection in in the city-state.
Credit Suisse is reportedly experiencing a mass exodus in senior staff in China which is causing a delay in regulatory approvals for more onshore expansion.
While crypto optimism is on the rise amongst asset managers as of late, banks remain mixed about the digital asset class with some accelerating adoption while others are still on the sidelines. finews.asia reviews the two industries' different crypto paths.
Terraform Labs co-founder Do Kwon made a rare appearance in a media interview about the Terra-Luna crash, adding that he believed there was likely a «mole» at the firm exploiting vulnerabilities in the tokens.
Singapore-based Wrise has launched its wealth management offering, alongside a proprietary system, focused on serving the needs of the ultra-high net worth segment.
Standard Chartered has announced the appointment of a chief investment officer for Africa, the Middle East and Europe.
Despite rising geopolitical tensions driven by the recent US visit to Taiwan, some onlookers see limited risk to markets even in the event of an actual military conflict. What say the banks?
T. Rowe Price has hired a former executive from Invesco to join its institutional business for Greater China.
Five Chinese state-owned giants have announced their intentions to delist from the New York Stock Exchange, in a sign of things to come in the US-China audit dispute.
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