The concept of the home office is taking root: Switzerland’s UBS is developing new structures that will allow up to a third of its personnel to work from home at any one time.
The firm has established a 50/50 partnership with Keppel Capital in Pierfront Capital. The deal will allow Clifford Capital to expand its business capabilities to provide private credit and mezzanine financing solutions.
The loan is one of the largest sustainability-linked loans in Singapore and is the first one for Singapore’s energy sector.
Signs of concerns continue to build up in China’s financial system with another two lenders affected by recent bank runs.
The insurance industry stands at a tipping point of profound change. There is an imperative need for rapid innovation among players in the market with revenues from core business activities becoming stagnant.
A former managing director at Crealogix is joining Avaloq in Hong Kong for building, maintaining and expanding relationships with private banks and wealth managers in the Greater China region, finews.asia can reveal.
ING Bank has issued a $75 million loan to Cleantech Solar, one of the largest C&I focused solar PV developers in Asia, to finance its expansion across Southeast Asia, according to a press release on Tuesday.
The China Banking and Insurance Regulatory Commission gave AIA the go-ahead to convert its Shanghai branch into a wholly-owned locally incorporated subsidiary.
The independent, full-service wealth manager specializing in bespoke family office solutions will streamline investments through a series of fund strategies to cater to Asia’s high net worth individuals and single-family offices.
The Singapore lender launched an online platform to connect small and medium-sized businesses and startups in the ASEAN region with tech providers.
The company has announced two appointments as part of its bid to «add new dimensions to the traditional real estate practice.»
Credit Suisse noted that the impact of the coronavirus pandemic and its aftermath have yet to be fully realized but remained optimistic about the global recovery.
To build capabilities to capitalize on the industry’s ongoing path towards digitalization, the bank will invest S$5 million ($3.59 million) for talent development and reskilling its Singapore workforce.
The corona lockdown will push back the use of cash – this narrative presented by digital natives may not pass the reality test: new data shows a massive increase in cash withdrawals in recent months.
Avaloq’s private equity owner is looking for an exit three years after its initial investment. The banking software firm hasn’t delivered on its initial promise.
Zurich insurance may have been harder hit by the corona pandemic than previously thought. A data analysis by a consultant showed that the company is strongly exposed to business in countries hardest hit.
The fund manager has hired two new associates to its Asia team, based at its regional head office in Singapore, to bolster its distribution capabilities in the region.
Hong Kong-based FWD bought a minority stake in the life insurance arm of PT Bank Rakyat Indonesia (BRI), furthering its plan to build a pan-regional presence for the business.
The senior executive, who has a track record of strategic and operational leadership and deep global payments expertise, will lead the electronic payment service provider's next phase of growth.
Yi Huiman, the chairman of China’s financial regulator, called the maintenance of Hong Kong’s de facto international hub status as beneficial to «China, the world and the new era».
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