The Swiss bank's board is nominating a veteran of Morgan Stanley as chairman. UBS will also elevate a Swiss stalwart as his deputy.
Another two portfolio managers are leaving the bank, after a fund was hit by China's high-yield bond market slump triggered by China Evergrande's debt woes.
Indian Prime Minister Narendra Modi warned about cryptocurrencies ending up in the «wrong hands», calling on democratic nations to work together to avoid spoiling the digital asset class.
Mizuho Financial Group chief executive Tatsufumi Saki is reportedly planning to step down following government criticism over multiple glitches at the Japanese lender.
The founder of the world's biggest cryptocurrency trading platform, under fire by regulators worldwide, including the U.K. and the U.S., struck a conciliatory tone at the Bloomberg New Economy Forum in Singapore on Friday.
Hong Kong-headquartered insurtech OneDegree’s founder and chief executive Alvin Kwock spoke about the rigid culture of traditional insurers and the potential for them to cease to exist via acquisition by a tech firm in an interview with finews.asia.
Societe Generale has appointed a new head of global banking and advisory for Asia Pacific, replacing Stephen Swift who will be retiring.
Vontobel's emerging markets expert tells finews.tv how U.S. monetary policy will affect bond markets in emerging economies and which bonds will perform well in 2022.
UniTeller's deal with the Singapore-based B2B cross-border payments startup will allow the former to expand its services in over 20 markets globally, including major emerging markets in Africa and Asia Pacific.
Munich-headquartered Allianz has been approved by Chinese regulators to become the mainland's first wholly-owned foreign insurer.
He succeeds Bryce Johns, who will pursue an opportunity outside of HSBC.
Chinese bad debt manager Huarong will receive a bailout totaling more than $6 billion from a consortium of five state firms.
Commerzbank has appointed a new region head of sales for its transaction banking unit in Singapore.
Crypto.com has bought the naming rights to the arena that is home to NBA team Los Angeles Lakers, in what is said to be one of the largest naming deals in sports history.
Liechtenstein-headquartered LGT opened a new wealth management office in Tokyo as part of its efforts to capture opportunities in Japan’s private banking market.
With a significant downturn in sentiments, Julius Baer joins the camp of caution, noting that 2022 will be a year of consolidation rather than «big bets» for the Chinese market.
The firm has announced two regional senior appointments today to strengthen the capabilities and accelerate growth for its Investments business in Asia.
Swiss banking giant UBS has opened its largest Asia Pacific office in Singapore, alongside the announcement of two new tech-related initiatives.
Family offices in Asia were found to have the greatest interest in adding exposure to cryptocurrencies, according to a recent survey co-published by Raffles Family Office and Campden Wealth.
Prudential chief executive Mike Wells reportedly said he was open to increasing investment in their Chinese joint venture, in yet another sign of continued interest in the mainland opening financial sector.
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