Credit Suisse adds two mandates specialist to join its Asia Pacific private banking unit, according to a note seen by finews.asia.
A private equity firm has been allegedly been accused of cheating a group of investors out of millions by selling heavily discounted shares to the siblings of its founder and ex-Goldman Sachs banker.
The Securities and Futures Commission issued a statement to clarify its position after the police arrests of top profiteers from last month’s Next Digital rally sparked concerns.
The bank is hiring to expand its research capabilities and align with the firm's emphasis on MSCI A-share index constituents in key sectors and its objective to further extend its differentiated China Securities Research coverage.
While recruitment across the finance sector took a hit in 2020, Singapore-based financial institutions have pressed ahead with digital transformation projects, prompting a shortage of technologists.
Banking software provider Crealogix has partnered IBM to develop new tools for the banking industry to help them operate digital financial services.
As well as its lessons in the maths of exponential change, fat tails and black swans, the coronavirus has in stock market terms further borne out the insight that the index contains fundamental risk, Mark Urquhart writes in an essay for finews.first.
Vancouver-based think tank Fraser Institute called insecurity of property rights and weakening rule of law in Hong Kong as key drivers that could dethrone Hong Kong as the world’s freest economy.
Swiss-based private bank Pictet aims to boost its income from trading. Yet it won't happen the way suggested by Boris Collardi, according to information obtained by finews.asia.
Ex-Goldman Sachs banker, Roger Ng, has asked Malaysian prosecutors to review charges made against him for allegedly abetting the sale of $6.5 billion bonds in 1MDB-linked bonds.
The company announced that it has raised $18.5 million in a Series A funding round, which will be used to support its global expansion to the United States and Asia, including Singapore.
15 investors who allegedly made HK$38.7 million in profit from Next Digital’s rally last month have been arrested by Hong Kong police over accusations of market manipulation.
The guidelines promote the accountability of senior managers, strengthen oversight over material risk personnel, and reinforce conduct standards among employees.
UBS continues to witness sustainable investing demand from wealth management clients in Asia with a $500 million surge in related discretionary assets between February and July alone.
Nomura has created a new role, having identified wealth management in Asia as a growth priority, and has appointed a veteran banker from UBS with extensive experience in the region.
The bank is combining its Greater China & North Asia and ASEAN & South Asia regions as part of changes to create a leaner organization and leverage its competitive advantages, effective 1 January 2021.
The Singapore-based B2B cross-border payment startup has raised funds to drive the development of its global network and accelerate its expansion and growth.
In a bid to boost financial inclusion in Hong Kong and provide extra support during the pandemic, HSBC is eliminating 26 fees and charges for basic banking services, effective November 1 this year.
The pandemic effects of credit losses and provisions are set to weigh down banks for quarters to come. That provides fuel for consolidation – but not necessarily banks disappearing.
The firm has also obtained verification from Ernst & Young for its Asia Impact Investment Fund’s alignment with the World Bank's impact investing principles.
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