Billionaire wealth growth was undeterred by a coronavirus pandemic which fuelled acceleration for the richest in sectors like healthcare and technology, according to a report by UBS and PwC.
It will provide co-located execution algorithms on the Singapore Exchange (SGX) derivatives market.
Singapore’s state investor Temasek will set up Seviora, an operational holding company housing four asset managers with about S$75 billion in assets under management.
Both platforms see customer empowerment and digitally enabled collaborations as key to supporting customer needs.
Goldman Sachs is reportedly adding no more than 60 partners in 2020 as part of a new drive to reduce the size and exclusivity of the top ranks.
Many banks are reacting to climate change and societal problems with sustainable investment products. A recent study shows why many private banking clients are not making use of such products.
The pandemic is putting pressure on the industry to move forward with digitalization, and Chubb is well-placed to capitalize on this demand, said its regional head of digital.
As part of initiatives under a Memorandum of Intent, SWIFT and IMDA will work with a group of leading financial institutions to support the community in its trade digitalization efforts.
China’s central bank said at the recent Sibos conference the digital yuan transactions exceeded 1 billion yuan in ongoing pilots which are expected to extend to the upcoming Winter Olympics in 2022.
The bank is in the unusual position of apologizing for a racially insensitive episode during a lavish private party hosted by its outgoing chairman, Urs Rohner.
The bank has hired a team of experienced bankers from BNP Paribas to form its flagship wealth management team based in Mumbai, as part of its growth strategy and commitment to further build on the success of its wealth management franchise to capture new market...
The newly created position aims to support the firm's marketing strategy and vision as well as client experience in Asia and Europe.
UBS is nabbing a prominent technology executive from crosstown rival Credit Suisse, finews.asia has learned. It is the second such hire in short order.
Multi-issuer structured products platform Contineo is launching a new platform based on an internally developed technology design pattern it expects to combat rivals with «years of competitive advantage».
The start-up's co-founder is selling to Japan – and yet remains inextricably linked to Avaloq. finews.asia notches up the many ways Francisco Fernandez is winning with Avaloq's sale to NEC.
Nomura will be sending its newly hired graduates straight to call centers in an unprecedented move to address social distancing measures that have limited physical exchanges.
A workgroup of 14 banks has created a working proof-of-concept (POC) trade finance registry (TFR) that can enable trade banks in detecting potential duplicate financing of the same cargoes.
The former prime minister of Malaysia, Najib Razak, has been placed under quarantine after traveling to the heavily infected state of Sabah.
The Genevan wealth manager is partnering with Intesa Sanpaolo to form a private bank, as finews.asia reported exclusively.
Macau’s mobile payment monopoly – Macau Pass – is eying a share of cross-currency payment demand between the Hong Kong dollar and the Macanese pataca via the launch of a new electronic wallet.
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