UBS is reviving an old idea as it targets a new client segment in the U.S. The move brings back memories of a robo advisor, which the bank ditched a few years ago.
The Singapore-based insurer is expanding into high-growth markets in the region, with partnerships in Malaysia, Indonesia and Vietnam.
Pictet Wealth Management’s chairman of Asia will step down after a decade with the Swiss bank to join Bangkok Bank next year.
Hong Kong will look to scrap most quarantine exemptions, intensifying what is already one of the world's strictest Covid-19 policy approaches.
The Monetary Authority of Singapore’s chairman Tharman Shanmugaratnam lauded the potential of cryptocurrencies in finance, highlighting stablecoins as a means for payments.
The Swiss bank's head of asset management nabbed a former long-time associate from UBS, finews.asia has learned.
The new wealth centre comes amid strong growth in the bank's assets under management for high net worth customers in Hong Kong.
In its first pilot with participating banks, it achieved end-to-end settlements in SGD and USD in less than 120 seconds.
The partnership is UOB’s first initiative under its new unified digital platform, UOB TMRW.
The Swiss bank's boom quarter reveals that it needs to overhaul its strategy and targets faster than it plans to.
Ralph Hamers joined UBS as a digitizer. His long-term view is slowly shining through.
The Hong Kong government rejected the plea of a major industry group calling for the reopening of the city to international travel, maintaining its «zero infection» strategy.
Singapore will be adding two countries to the Vaccinated Travel Lane (VTL) scheme, under which travellers will only need to take a Covid-19 swab test after arrival and before departure in Singapore.
Investor sentiments in Asia have dampened with nearly half of high net worth individuals in the region believing that equity markets are currently running too high and are due for a correction, according to a recent survey by Lombard Odier.
The API-based «crypto-as-a-service» platform will allow financial institutions to integrate popular crypto capabilities into their financial applications.
While Asia has traditionally been a bright spot for UBS’ wealth management arm, market volatility in the region hit the business and drove both invested assets and fee-generating assets lower.
According to the Swiss lender, favorable market conditions and investor sentiment contributed to growth across the firm.
He joins an expanding team in Japan which has added numerous business generation, development, and construction team members in the last 12 months.
After an over 18-month hiatus, Standard Chartered’s flagship marathon in Hong Kong returned but the event was dominated by politics and reported accusations of censorship.
The Swiss bank's ex-security chief is mired in an enforcement investigation by Switzerland's financial regulator and one of the planned surveillance operations was reportedly tied to ex-CEO Tidjane Thiam's private life.
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