Former Goldman Sachs banker Gary Cohn will reportedly make donations to charity organizations in place of the bank’s attempts to seek a clawback over the 1MDB scandal.
He will be leaving his current role as Temasek International's head of sustainability and stewardship group at the end of the year.
The reshuffle comes as UBS' operating chief to private bank co-heads Iqbal Khan and Tom Naratil, is leaving for a roughly year-long sabbatical from UBS, from February.
Joseph Y. Safra, the head of Swiss-Brazilian private bank J. Safra Sarasin, has died. He was 82.
DBS group chief executive Piyush Gupta expressed great confidence not only about the future of crypto investments but also the bank’s advantage as a first-mover following the official launch of its digital exchange.
The recognition comes on the back of the U.K.-Singapore Free Trade Agreement, signed on Thursday.
Backbase will help digitize and streamline the customer lifecycle, including onboarding and origination, as well as to support next-generation experience management.
HSBC’s co-head of advisory and investment banking coves has left the bank to pursue a senior role outside of the industry after joining two years ago.
The full-service digital exchange will enable institutional investors and accredited investors to tap into an ecosystem for digital assets.
Institutional Investors in Asia-Pacific are more positive about long-term growth compared to a year ago, according to the global custodian's annual survey.
Monetary Authority of Singapore’s managing director Ravi Menon named inclusion and sustainability as the two key post-pandemic themes and explained how fintech has the potential to be part of the solution.
The specter of Bernie Madoff still hangs over Swiss banks 12 years after his Ponzi scheme collapsed. An American liquidator is looking for massive sums from 15 Swiss banks.
The asset manager is bolstering its impact and sustainable focus by poaching an HSBC banker. She is the latest in a string of senior hires in a renewal and recovery push.
The move allows asset managers and asset owners to connect seamlessly with HSBC through a single platform.
Prosecutors in Holland are more closely scrutinizing UBS CEO Ralph Hamers' role in a 2018 money-laundering scandal. The news comes five weeks into his tenure at the Swiss bank.
DBS’s learned hard, fast and early the ropes to becoming a truly tech-enabled firm, said Hong Kong transaction banking head Nimish Panchmatia in a conversation with finews.asia, who believes the first-mover efforts have created a significant gap with competitors.
Chinese firm ZA Tech Global will help the Asia-focused insurer reach new customers and fill protection gaps through innovative insurance products and partners.
The Monetary Authority of Singapore (MAS) and Magyar Nemzeti Bank (MNB) – Hungary's central bank – have signed a cooperation agreement for fintech collaboration between both countries.
Temasek names a new former head of sustainability from Ikea to replace Robin Hu, who will we leaving the role by the end of 2020.
Copper prices have rebounded strongly since hitting an 11-year low in March. After briefly trading below 2 dollar per pound, the metal has recovered 50 percent of its value, as demand from China soars and COVID-19 hits supply from South America.
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