The Genevan wealth manager widened its partnership, including with a well-known hedge fund manager who will be the first female partner in Pictet's 216-year history.
Global banks registered either small profits or losses from their mainland China joint ventures, according to filings, spelling a slow start to capitalizing on the nation’s opening of its financial sector.
HSBC Private Banking will look to strengthen linkages of Asian clients with Europe, the Middle East and Africa via the appointment of a newly created role.
The promises to be fulfilled by blockchain technology and cryptocurrencies will achieve historical significance that will match – or surpass – the internet revolution, according to Julius Baer’s chief investment officer Yves Bonzon.
HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group, furthering the British lender’s non-Asia retreat.
Barclays has hired a former managing director and investment banker from J.P. Morgan to lead its Southeast Asia business.
BlackRock’s risk analysis platform, Aladdin, is to be enhanced to include climate-change modeling.
Roughly $800 million in losses in its Archegos dealings has put the brakes on UBS' lending offensive. The effort had been a key pillar of private bank co-head Iqbal Khan's strategy to kickstart the wealth manager.
Cryptocurrencies are all the rage, even though the concept still feels more like a lottery or a game of chance, as opposed to real money, Fernando Fernández writes in an essay on finews.first.
Tycoon Richard Li’s FWD Group has applied for an initial public offering in the U.S. with reported plans to raise $2 billion.
EFG has hired multiple private bankers for its Asia Pacific business, in line with its 2022 strategic plan to drive growth in the region.
Companies that focus on environmental, social and governance (ESG) tend to be high-performing companies, therefore investing in a basket of ESG stock will you cannot do too badly with a portfolio ESG stock, DBS chief executive Piyush Gupta said.
A growing cluster of infections threatens to derail Singapore's economic reopening, while expats in the country are growing restless from being cooped up on the island with no end in sight.
Swiss private banks and wealth managers are eying some of their best half-year results ever and not just because of soaring markets and more active clients.
The auction house continues its foray into the world of digital assets in its upcoming stand-alone auction, «This Changed Everything.»
The twin scandals of Archegos and Greensill are drawing the attention of Switzerland's central bank. It is warning of vulnerabilities in the operative business of UBS and Credit Suisse.
Troubled bad debt manager Huarong is reportedly seeking to raise cash for bond repayments through the sale of shares in multiple units that hold more than $100 billion in total assets.
OCBC has appointed a new group chief operating officer in an effort to drive and accelerate transformation at the Singapore-based bank.
There is a huge opportunity to move past single-product pricing and engage in improved cross-selling and increased product penetration, according to a new report.
Hong Kong-licensed digital asset platform OSL made six new hires globally across its home market and the U.K.
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