Zurich-based GAM has announced the appointment of a new president of Japan.
UBS can't grow fast enough for newly onboarded financial investor Cevian. Meanwhile, two other major shareholders are now expressing concerns about the size of the new megabank in Switzerland.
Everyone knows Switzerland as the world's leading center for offshore banking. The hundreds of billions being managed by foreign professional investors are far less well-known.
January proves to be no respite for the index, which again sputters after last week’s short-lived rally.
Singapore-based multi-family office WRISE has announced the establishment of a new office in the Middle East.
Renowned emerging markets expert Mark Mobius has joined a Hong Kong-based independent investment firm.
One of the ten arrested suspects in Singapore’s headline money laundering case has been slapped with seven new charges.
Last week, Chinese authorities began to ramp up efforts with multiple measures aimed at supporting the economy and markets. Nonetheless, global banks note that more needs to be done to reignite investor confidence.
The asset management arm of J.P. Morgan has signed a partnership with a private wealth firm in New Zealand.
Plans are reportedly underway to merge three of China’s largest bad debt managers with the nation’s sovereign wealth fund CIC.
China Evergrande – the world’s most indebted property developer – has officially received a liquidation order from a Hong Kong court.
For years, Swiss wealth managers could stand by and watch as overseas clients turned up at their doorsteps bearing assets. Those times are over as the epicenter of wealth shifts to the Middle East. Rarely have risk and opportunity been so intertwined.
Global law firm Mayer Brown has bolstered its trade and structured finance capabilities with the addition of a new partner in Singapore.
While global investors remain reluctant to reenter China for the time being, 2024 could be the trough for the country with market opportunities emerging in the second half of the year, according to Deutsche Bank’s Stefanie Holtze-Jen.
Zurich-based Julius Baer will reportedly announce its widely anticipated write-off related to property group Signa.
Troubled property giant China Evergrande Group is reportedly facing imminent liquidation after failing to reach a deal with overseas creditors over the weekend.
To date, the private bank has only made a homeopathic provision for its presumed exposure to the Signa conglomerate. Analysts now expect Julius Baer to recognize far larger provisions in February.
The importance of a financial center or a bank cannot be assessed based on assets under management alone, Nadège Lesueur-Pène in her article on finew.first.
All eyes are focused on Julius Baer's annual news conference next Thursday because of the Signa debacle. finews.asia answers the seven biggest questions.
Singapore-based remittance firm Samlit Moneychanger has reportedly been sued after customer funds it transferred to mainland China were allegedly frozen.
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