A study by Morgan Stanley and a ratings cut by Moody's are adding to the growing clamor for fundamental changes to Credit Suisse's business model.
The Joe Biden administration is reportedly preparing a business advisory for Hong Kong this week to warn U.S. companies about various threats ranging from data security to sanction-related risks.
Citi Private Bank strengthens its family office business in Asia with the hire of a former investment banker from HSBC.
The regulator hopes to accelerate the development of solutions that validate artificial intelligence and data analytics (AIDA) solutions against the fairness, ethics, accountability and transparency (FEAT) principles.
He brings extensive knowledge of the regional wealth management industry, as well as the North Asia market, from his experience as team leader for other global wealth managers.
Two of China’s largest investment banks are reportedly cutting travel budgets across the board from accommodation to commute to both junior and senior executives.
Credit Suisse named a new chief executive for China, replacing Zhenyi Tang who left to pursue opportunities outside the financial industry.
Based in Singapore, she will lead the firm's investment and portfolio management efforts in Southeast Asia for its Global Renewable Power strategy and Climate Finance Partnership (CFP) program in Asia.
He brings over 33 years of experience in the treasury business, as well as familiarity with the Taiwan market, having worked in Taipei from 1992 to 1995.
She brings a wealth of experience in global transaction banking, holding senior sales roles at leading institutions, including J.P. Morgan, Bank of America and ANZ.
Swiss Re has hired a 20-year financial veteran to lead strategy for the insurer’s automated underwriting solution, Magnum.
The Hong Kong Exchanges and Clearing has established an advisory group populated by industry heavyweights to support the development of China’s financial markets and economy.
Hong Kong private equity firm Gaw Capital Partners has hired a new managing director and head of internet data center platform investments.
U.S. asset manager Franklin Templeton has hired the former chief investment officer of the California Public Employee Retirement System as its chairman for Asia Pacific.
Credit Suisse has appointed a new chief operating officer at its troubled asset management unit, after it was split into a separate unit under Ulrich Körner in April.
J.P. Morgan Private Bank has hired a former Credit Suisse executive to lead its trust unit in Singapore.
Beijing has issued draft rules for tech platform firms seeking to go public in foreign markets as part of ongoing regulatory tightening following the Didi debacle.
Major Middle East and Africa financial institution QNB Group officially opens its first branch in Hong Kong as part of broader plans for expansion in the region.
Risk management at Credit Suisse is in the spotlight after the twin Archegos and Greensill fiascos. But the fundamental reasons behind them could lie much deeper than the incidents themselves given the banking sector is reliant on questionable control practices.
There has been a reality check after all the hype about special purpose acquisition companies, and in Switzerland, the troops have been stood down.
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