Completed Chinese outbound mergers and acquisitions totaled just $29 billion in 2020, according to law firm Baker & McKenzie, down nearly half compared to 2019 and the lowest since the global financial crisis.
Union Bancaire Privée is replacing the head of its business with U.S. clients, finews.asia can reveal. A former UBS banker and associate of Marc Rich is taking over.
Hong Kong’s chief watchdog Ashley Alder called on the industry to make a more concerted effort to standardize processes and definitions in sustainable finance, highlighting China as the key factor behind success or failure.
Japan's Financial Services Agency commissioner Ryozo Himino noted the need to rethink banking regulation in the post-pandemic era but urged against dropping previously effective approaches, saying that the industry should «retain the best part of the story».
Japanese bank Nomura aims to more than triple assets under management in its International Wealth Management business by March 2025, through an accelerated expansion of the client franchise and enhancement of the wealth management product and services platform.
Knight Frank appointed an Asia Pacific lead for workplace and strategic consulting amidst unprecedented transformation of employee conditions driven by the ongoing pandemic.
HSBC chairman Mark Tucker lauded the efforts of global governments in creating standards and definitions for sustainability but expressed concerns that they could potentially leave out Asian economies.
Credit Suisse further strengthens its investment banking and capital markets business in Japan with three senior appointments, according to an internal memo seen by finews.asia.
Self-exiled lawmaker Ted Hui publicly shared and criticized HSBC CEO Noel Quinn’s apology over frozen accounts which claimed that the bank was done on orders by the Hong Kong police.
Credit Suisse is reportedly stuck with an illiquid stake in Ant. The Swiss bank was part of an exclusive circle to plow money into the Chinese fintech ahead of its planned, then scotched, listing.
More than $75 billion could exit Hong Kong as a result of recent U.K. policy allowing almost three million residents a route to residency and citizenship, according to a recent report by Bank of America.
Female fund managers are still underrepresented in portfolio management. This contrasts with investors’ desire for more diversity, Tatjana Greil-Castro writes in an essay for finews.first. What is to be done?
A key digitizer in the Swiss giant's investment bank is leaving for an electronic debt trading platform.
A prominent ally of Chairman Axel Weber is leaving the Swiss bank in April.
Benjamin de Rothschild, the billionaire owner of Edmond de Rothschild, has died. He was 57.
Standard Chartered hires a new private banker focused on the Singapore market, formerly from Bank of Singapore, according to a note seen by finews.asia.
Washington expands its sanction list to include six new individuals over the implementation of the national security law in Hong Kong and the recent arrest of more than 50 pro-democracy activists.
Hong Kong chief executive Carrie Lam called 2020 a year «we will never forget» due to the challenges of the pandemic but believes 2021 could see a rebound with many opportunities ahead for the financial sector.
Broadridge hires an ex-fintech executive from asset manager BNY Mellon to become its chief operating officer in the Asia Pacific region.
The new UBS boss' chances of escaping a criminal trial over money laundering at the last bank he ran appear to be slimming.
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