SME lending platform Validus Capital has become Singapore’s first fintech to be approved as a Participating Financial Institution (PFI) under the Enterprise Singapore’s (ESG) Enterprise Financing Scheme.
Hong Kong subprime lender PrimeCredit is resuming its sales efforts with newly launched ZA Bank eying the opportunity for accelerated growth.
Japan may face a variety of challenges to lure banks and bankers to become a major hub – such as high taxes or the non-English environment – but its vice finance minister believes only one thing truly matters: can serious money still be made?
Tidjane Thiam is emerging as the linchpin in Élysée's plan for Côte d'Ivoire. The question is less whether he is willing, but whether he is allowed.
The global life insurance-based wealth solutions provider will improve access to U.S. private markets for institutional investors worldwide.
The bank dismissed its security chief for allegedly helping organize a spy job on then-top executive Iqbal Khan. It has brought in a former military police officer to replace him.
Credit Suisse bolsters its Thailand private banking business with the addition of a former SCB Julius Baer executive, finews.asia has learned.
Lufax was last valued at about $39.4 billion. The listing follows Ping An's December 2019 filing of its OneConnect cloud fintech platform, which raised $312 million.
Banca Credinvest had far deeper Venezuelan ties than emerged in a Swiss sanction for PDVSA dealings, finews.asia has learned. A second «bolichico» was an investor in the Swiss bank – until the U.S. charged him with money laundering.
The Swiss-Singapore crypto bank and Singapore's SBI Ventures is setting up an early-stage fund to invest in companies across Asia and Europe that enable the emerging digital asset economy.
A seasoned private banking executive has joined Bank of East Asia – one of the last family-owned banks in Hong Kong – to lead its investment and advisory department, finews.asia learned.
U.S.-based investment advice platform Motley Fool will exit from Hong Kong as civil unrest, a national security law and U.S.-China tensions have made placed the hub in «the eye of a geopolitical storm».
He will oversee Gemini’s strategic compliance and regulatory relationships in the region, and its shape strategy, product, and operations in Asia Pacific.
The pipeline of certified financial talent in Asia will face disruptions as the CFA is forced to cancel upcoming examinations due to pandemic restrictions and lacking personnel, especially in the south and southeast region.
Swiss crypto bank Seba appointed a new head of institutional clients who used to work in Singapore.
Daon, a digital onboarding and biometric authentication technology firm headquartered in Dublin, has opened an office in Singapore and appointed a cybersecurity expert to lead its regional operations.
Institutional investors in Asia Pacific are looking towards private assets to manage risk and diversify their portfolios.
Julius Baer adds an ex-Credit Suisse private banker to join as its group head for global India and developed markets alongside the hire of a team of relationship managers.
After initially focusing on payments, deposits, loans and cards, virtual banks could eye insurance and investment next, according to licensed players at a recent virtual conference.
The Singapore-headquartered regional mobile payment services group is strengthening its cross-border contactless QR payment network with a strategic collaboration in Vietnam.
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