The firm has announced a slew of senior appointments, which will be effective on July 31, when its acquisition of Legg Mason is expected to be finalized.
Its UOBAM Invest service, previously available to corporate clients, is being launched in the form of a mobile app for individuals.
Japan’s Daiwa Securities could accelerate the shift of its operations from Hong Kong to mainland China should the political environment worsen.
The coronacrisis has left a massive dent in the earnings of big banks. Analysts expect Credit Suisse to take a major provision to prepare for worse to come.
The Institute of Banking and Finance Singapore and the Monetary Authority of Singapore issued a «skills map» as guidance to detail the specific skills and competencies that ideal family office advisors should possess.
Bad timing with the escalating Huawei case led Chinese netizens to jeer at HSBC over a recent Shenzhen branch closure.
HSBC has been hit by state media backlash in China following fresh claims from Huawei defendants that U.S. prosecutors omitted key information that made the British lender appear oblivious to Iranian dealings.
Allianz Global Investors strengthens its multi-asset team in Asia Pacific with the appointment of a new regional head alongside a new head for Hong Kong and Taiwan.
Goldman Sachs and Malaysia have reached an agreement to settle the longstanding probe over the American investment bank’s role in the multi-billion dollar 1MDB scandal.
Lacking resources and insufficient connectivity in the Greater Bay Area region has slowed progress to become a high-tech hub, according to Beijing officials, who suggested more cross-border financing via bank lending and private equity.
Georgian billionaire Bidzina Ivanishvili believes Credit Suisse cheated him. A hefty legal salvo against the Swiss bank is the latest chapter in a five-year legal tussle.
Not all assets are fragile. Some even profit from chaos and uncertainty. Those are the ones one ought to engage in instead of trying to predict the unpredictable, says Didier Saint-Georges in an essay for finews.first.
The pandemic is a historic chance to rethink and improve how we live in cities, Zsolt Kohalmi writes in an essay for finews.first.
Chinese officials are readying a plan to introduce an «insurance connect» scheme to further financial integration of the Greater Bay Area.
Citi will promote its current Malaysia chief executive as the new chairman of its private banking unit.
Although uncertainty is rising, DBS group CEO Piyush Gupta stressed that what is certain is that the post-COVID world will undergo profound shifts in economics, politics and social politics.
The Swiss reinsurer is poaching from an insurtech start-up for its new head of property and casualty solutions.
Swiss-based Union Bancaire Privée with a wide presence in Asia is joining up with a fintech for stock-picking fueled by big data.
It's business as usual, said Hong Kong’s top financial watchdogs, underlining an unchanged post-national security law environment for financial services despite increasing reports of significant operational changes.
The Swiss bank is splashing out as a long-term sponsor of the National Hockey League's New York Islanders. The deal includes naming rights on the team's soon-to-be-completed stadium.
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