With revenues hit by Covid-19, the super-app has let go of 5 percent of its workforce in the «last company-wide layoff» of the year, and will focus on adapting its core businesses.
China’s Belt and Road project is feeling the coronavirus headwinds with deal value plunging 64 percent year-on-year in the first quarter of 2020, according to Refinitiv data.
The Hong Kong-based multi-family office and asset manager continues with its recruitment drive, bringing in a sales trading and execution specialist.
Financial professionals surveyed in Hong Kong were amongst the top three most pessimistic about global equities in 2020.
Australia-headquartered Iress has hired a digital business strategist, who will be responsible for leading the firm's client solutions function in Asia.
Within the financial sector, the Singapore government’s focus on jobs has spurred confidence in banks – local and global alike – to further grow their workforces in the city-state.
In an increasingly data-driven world, it is critical for financial institutions to possess an effective Enterprise Data Management solution to manage the ever-growing volume of data.
Part of a sustainability-linked loan, this brings the total sustainable financing raised by CapitaLand to S$2.72 billion ($1.96 billion) in less than two years.
Credit Suisse continues to bolster its private banking business in Asia with the hire of a former structured products veteran from rival UBS, according to an internal memo seen by finews.asia.
Yet another top figure in the financial services industry has come out to back the controversial national security law in Hong Kong.
Golden Equator Wealth has made two senior hires as part of the company's plan to expand its multi-family office business, including the addition of more capabilities in client-facing and investment roles.
A 29-year-old member of India's wealthy Hinduja clan is taking over the family's Swiss bank.
The bank's ties to the Japanese conglomerate are deeper than initially thought. The lack of proactive disclosure is troubling.
Singapore-based independent asset manager HP Wealth Management has added another senior executive to its ranks.
Despite reported considerations for hedge fund exits, the Alternative Investment Management Association said in a statement that it believes otherwise.
Chicago-headquartered law firm Baker & McKenzie names a successor to Tokyo-based Gavin Raftery for the practice.
Renowned sports organizations are the latest to be drawn into the controversial debate over Hong Kong’s national security law for taking sponsorship money from the supporting lenders.
An Australian senator warned the country's big banks against supporting the controversial national security law in Hong Kong, claiming that there could be irreversible risks at home.
A former veteran of China Merchants Bank joins Credit Suisse to spearhead its onshore wealth management business in China, according to a note seen by finews.asia.
Revolut has announced the introduction of fees for free account users. This will anger customers and is a perfect example of how to botch an opportunity.
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