Israel is set to start up its long-delayed sovereign wealth fund, using profits from its natural gas, media reports said.
Global banks are unanimously downgrading China’s growth outlook further, citing the challenges of ongoing zero-Covid restrictions with no signs of a quick reopening.
Citi Hong Kong named two internal hires for senior appointments in its institutional clients group.
Indonesian superapp GoTo’s fintech saw its growth climb in the first quarter.
The newly appointed global head of the bank’s wealth management business, Francesco De Ferrari, told a Brazilian newspaper about his big plans in the country and talked about his first months in the job.
HSBC has appointed a new head of business banking, shifting an executive from Vietnam to Singapore.
In yet another sign of the continued shift of focus to Asia, HSBC has hired an executive for the dual role of global and APAC head of alts.
HSBC is reportedly feeling the impact of the controversial comments from suspended asset management executive Stuart Kirk, with discontent being expressed across the board by clients and employees.
The Gottstein saga is symptomatic of an industry facing a near-constant succession dilemma.
Blackstone plans to increase its Asia-Pacific private credit assets under management by 10 times, according to a «Bloomberg» report.
Authorities in Shanghai said «unreasonable» business restrictions, including the recently introduced «white lists», will be removed, in the midst of a grueling two-month lockdown for China’s financial capital.
«We can expect quite a change in our perceptions of dealing with ESG matters,» Matteo Bosco, partner a Conser, says in an interview with finews.asia.
Australian regulators have begun civil penalty proceedings against Australia and New Zealand Banking Group (ANZ) over its credit card fees.
China and Hong Kong regulators agreed to include eligible exchange-traded funds (ETFs) in the Stock Connect program.
Hong Kong-based insurance giant AIA has obtained approval from Chinese regulators to establish a new branch in Henan province.
A more than 30-year OCBC executive has been appointed as the Singapore bank's new head of group human resources.
Big-four consulting firm EY is planning to spin off its global audit unit in an effort to avoid conflicts of interest.
Former Credit Suisse CEO Tidjane Thiam isn't suffering from a lack of work, having just landed another prestigious mandate.
Hong Kong will seek to reinvigorate its status as a financial hub with the central bank planning an event to gather global banking CEOs, scheduled for November.
Family offices seeking tax exemptions in Singapore are facing unprecedented waits of at least eight months, according to a «Bloomberg» report.
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