Private credit has emerged as a strong source of returns for fixed income investors in recent years. Changing market conditions could act as headwinds but private banks remain bullish on a continued run for the asset class.
Stimulus measures will bode well for Chinese equities but proof of stronger growth is required before a lasting rally will materialize, according to HSBC Global Private Banking.
Especially within Asia, the subject of death remains a taboo subject. Industry leaders spoke about some of the effective cases for discussing the sensitive matter of succession planning.
The Swiss banking group self-discloses potential civil liabilities related to alleged multiple violations of OFAC programs.
At the annual Habanos Festival, the most expensive humidors in the world are auctioned off. This year, an artistic Cohiba cabinet fetched 4.5 million euros.
Investors are clinging to cash now that it offers a level of income not seen for more than a decade. But in doing so, they're missing out on much better opportunities, Shaniel Ramjee writes in his article on finews.first.
Public investments may lack attractive returns. Illiquidity from conventional alternatives may be hard to stomach for some. Semi-liquid funds are a good balance between the two and wealth clients are increasingly showing interest.
A Citi veteran in Asia has retired after 26 years with the US bank. A successor has also been announced.
It is a year since the government and regulators forced UBS to rescue Credit Suisse. The recent news of job cuts in Asia makes it very clear what could be just around the corner for the domestic financial hub, finews.asia believes.
Singapore-based United Overseas Bank is looking to double its assets under management in its wealth business in the coming years.
By all forecasts, Asia is set to outpace the rest of the world in the coming decades in terms of economic growth and wealth creation. Which global financial hub will be the winner of this new era?
The Swiss Bankers Association (SBA) is open to FINMA having additional powers. At the same time, it gives a clear warning about political overreaction. The course is now being set for the next 20 years.
Investors in Asia are increasingly seeking diversification and enhanced returns via exposure to private markets. Private banks sound off on demand in the region.
For the first time, DBS showcases its private wealth management business in Zurich at a finews event by underlining the advantages of the city-state's financial hub, home to the family offices of Ray Dalio and James Dyson.
Although investor sentiment in Chinese equities remains poor, VP Bank believes this makes it an interesting opportunity and has decided to turn overweight on the market.
Most financial institutions are actively exploring asset tokenization with disintermediation as a top priority. They are at a «critical juncture» between balancing the upsides and downsides of adoption, according to SBI Digital Asset Holdings CEO Fernando Vazquez.
New York-headquartered Citi has announced the appointment of a commercial banking head for China.
The wealth management arm of UBS is reportedly beginning to make job cuts in Asia this week.
The former vice chairman of reinsurance group Swiss Re is to take over as chairman of the board of directors, having stepped in at short notice following Sergio Ermotti’s departure for UBS.
While the broader global art market contracted, China went against the tide to grow following a post-reopening boost, according to a UBS report.
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