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Thursday, 30 April 2026
Thursday, 30 April 2026

FINANCE Thursday, 18 March 2021 14:35

Credit Suisse Splits Fund Unit Under New Head

Credit Suisse is splitting away its asset-management unit from its business with wealthy clients. It is poaching the former head of rival UBS' money-management arm to run it.

FINANCE Thursday, 18 March 2021 12:21

ZA Tech Global Grows Reach in Southeast Asia

The Chinese firm, which provides proprietary insurtech capabilities and applications, will work with PFI Mega Life, Prudential's Indonesian joint venture, to drive digital transformation of the insurance industry in the country.

PEOPLE Thursday, 18 March 2021 12:06

UBS Loses China Private Banker

A private banker covering the China market has left UBS Global Wealth Management, finews.asia has learned.

PEOPLE Thursday, 18 March 2021 11:46

BNP Paribas Wealth Management Names China Market Head

BNP Paribas nets an ex-Citi private banker to become its new market head for China less than two years after its last reshuffle, finews.asia has learned.

FINANCE Thursday, 18 March 2021 10:59

OCBC Deploys Facial Recognition ATMs

The technology taps on Singapore’s National Digital Identity (NDI) platform and biometric database to enable verification.

FINANCE Thursday, 18 March 2021 10:16

U.S. Sanctions More China Officials Ahead of Alaska Talks

U.S. officials have expanded their sanction list under the Hong Kong Autonomy Act with the addition of 24 officials from the city and mainland China, just ahead of talks between the two nations in Alaska later this week.

FINANCE Wednesday, 17 March 2021 18:38

Juerg Hunziker: «Banks Will Fight Hardest for Affluent Clients»

Juerg Hunziker wants to roll up his sleeves and get his hands dirty again after three years as CEO of Avaloq. He tells finews.asia how tokenization and cryptocurrency are poised to roil the banking sector.

FINANCE Wednesday, 17 March 2021 16:27

HSBC Shuts Hong Kong HQ Amid Covid-19 Outbreak

The bank has temporary closed its headquarters after three people working there tested positive for Covid-19.

FINANCE Wednesday, 17 March 2021 16:00

Top U.S. Banks Split on 2020 Investments into China

America’s largest lenders were divided on adding new investments into their China businesses in 2020, according to annual filings, as political tensions rose under the former Trump administration. 

FINANCE Wednesday, 17 March 2021 14:55

Warburg Pincus Shrinks Ant Stake

U.S. private equity investor Warburg Pincus reportedly sold off part of its stake in the troubled Ant Group, adding that its valuation has been cut by over 40 percent since the IPO pull out last year.

FINANCE Wednesday, 17 March 2021 13:23

At Credit Suisse, Funds Fall Out of Favor

The implosion of a $10.1 billion line of Greensill funds has the Swiss bank scrambling – and likely means deeper changes for the unit in an ongoing strategic review. 

FINANCE Wednesday, 17 March 2021 12:41

IMAS' Fintech Mentorship Program Returns

The digital acceleration program gives fintechs the opportunity to work with professional mentors and develop solutions that can be rapidly commercialized. 

FINANCE Wednesday, 17 March 2021 12:18

Quarantine Rules Could Hit Hong Kong Hub Status

Global banks are reportedly concerned about the Hong Kong government’s policy decisions with regards to strict quarantine rules and potential damage to its hub status, following the recent wave of infections.

FINANCE Wednesday, 17 March 2021 11:55

Robo-Advisor Endowus Rolls Out ESG Portfolios

Its new offerings will give Singapore investors access to ESG, sustainable, and climate funds—for both equities and fixed income—from fund managers including J.P. Morgan Asset Management, Natixis-Mirova, PIMCO, Schroders and UOB Asset Management-Robeco.

FINANCE Wednesday, 17 March 2021 11:10

Validus' Indonesia Arm Wins Lending License

The platform, which caters to the financing needs of micro, small, and medium enterprises (MSMEs) in the country, experienced strong growth in 2020.

FINANCE Wednesday, 17 March 2021 11:04

Credit Suisse CEO Breaks Silence on Greensill

The Swiss bank's boss publicly addressed the burgeoning scandal over a $10.1 billion fund line it operated with the insolvent U.K. specialist financier for the first time.

FINANCE Wednesday, 17 March 2021 10:25

Vanguard Scraps Pursuit for China License

Vanguard will shift gears in the mainland China market, marking a rare case of a foreign entrant reeling back from greater exposure in the newly opened financial market in mainland China. 

PEOPLE Wednesday, 17 March 2021 07:43

Citi Private Bank Loses China Heavyweight

Citi Private Bank loses several within its mainland China coverage team, including a veteran relationship manager, finews.asia has learned.

FINANCE Tuesday, 16 March 2021 23:04

Avaloq CEO Steps Down Following NEC Takeover

The Swiss banking software firm’s CEO is stepping down after a takeover by Japanese giant NEC in coming weeks, finews.asia has learned. Two top executives are poised to take over.

HIGH-END Tuesday, 16 March 2021 17:29

Buying Art Online Goes Mainstream

While overall art sales contracted in 2020 amid the Covid-19 pandemic, online sales doubled in value.

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