The race to succeed UBS Chairman Axel Weber is narrowing, with Switzerland’s best-known banker emerging as a promising candidate.
He brings to the bank over 25 years of experience across diverse geographies and global leadership roles in banking and fintech organisations.
Citi flagged a significant charge that will be incurred from the closure of its consumer banking business in South Korea.
UBP has appointed two new senior analysts covering key growth sectors in Asia.
Banks in Hong Kong have been advised to disclose related property of individuals who have violated the national security law, according to the latest guidelines from the city’s industry association.
Standard Chartered has hired the former Singapore chief executive of J. Safra Sarasin to lead its South Asia private banking segment.
HSBC’s Asia pre-tax profits climbed higher in the third quarter, due in part to greater activity driven by volatile markets, but macro risks loom due to economic and geopolitical factors.
A continued reduction of credit loss provisions fuelled HSBC’s pre-tax profits in the third quarter to comfortably beat analyst expectations.
A major financial services industry group has urged the Hong Kong government to ease Covid-related restrictions, underlining that current rules have put the city’s hub status, economic recovery and competitiveness at risk.
A career DBS banker has been named chief risk officer for the Singapore lender, replacing Tan Teck Long.
Conditions for private markets, which started to take off in the 1990s, are now better than they have ever been, Nicolas Faller writes in his essay for finews.first.
The office will kick-start SGX India Connect IFSC, a special purpose vehicle that will facilitate SGX's upcoming connect with India's National Stock Exchange (NSE).
Crypto billionaire Sam Bankman-Fried's FTX has raised a meme-friendly $420.69 million in a Series B1 funding round led by Singapore state investor Temasek.
China Evergrande will reportedly dodge a default by making a payment for an offshore bond coupon just before the end of the 30-day grace period on Saturday.
Futu's «moomoo» has experienced rapid growth in Singapore since its launch in March, thanks to generous incentives, but also a more nuanced understanding of young investors today.
Asian investors face a gap in the sustainable finance marketplace, according to a recent survey by Capital Group, with lacking product innovation cited as a top obstacle to ESG adoption.
He replaces Kevin Hardy, who has taken on a new role at State Street as head of Singapore and Southeast Asia.
Despite the growing trend of sustainability, asset owners in Asia believe there is still much more to desire with lacking products, insufficient accountability and other issues, according to a recent survey by Willis Towers Watson.
A prominent American financial regulator sees more nuance in the Swiss bank's Mozambique scandal than the agency she works for does.
The Swiss bank has received nearly $100 million from one of the most worrisome obligors in its Greensill fund line, and expects more over the next two years.
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