The wealth management arm of the Royal Bank of Canada (RBC) has added to its teams in Singapore and Beijing in the face of greater market uncertainty and higher demand for wealth management advisory services.
The firm, which crossed A$5 billion in funds under management in the first quarter of the year, has also closed a $1 million funding round advised by Aura Capital, the investment banking arm of Aura Group.
The fund manager is strengthening its Australian distribution team with the appointment of a director with 15 years’ institutional sales and relationship management experience.
The Investment Management Association of Singapore (IMAS) is rolling out customized training for employees of investment management companies, with e-learning modules accredited by the Institute of Banking and Finance (IBF) that fulfills Monetary Authority of...
HSBC agreed to buy out the other 50 percent of shares from its life insurance joint venture in mainland China in yet another milestone for foreign entry into finance on the mainland.
Financial product comparison platform GoBear acquired AsiaKredit in a bid to cover Asia’s alluring unbanked segment.
Billionaire Ernesto Bertarelli recently caught the headlines with an investment in U.K. carmaker Aston Martin. But his other new investments may be more in tune with an adjustment to the long-term strategy of his family's asset managers.
China’s central bank governor Yi Gang lauded the superior services of digital lenders, urging traditional banks to take this as a hint to improve.
Insurance payouts from the cancellation of major events – such as the Tokyo Olympics or Wimbledon – and related issues could exceed $80 billion, an all-time high.
Hong Kong’s exchange fund shrunk HK$83.2 billion loss in the first quarter – the worst three-month period on record since reporting started 16 years ago.
The Swiss wealth manager's profit surged last year, thanks to business abroad. Reyl, with a strong foothold in Singapore, also signaled its openness to partnerships for growth.
Citi names the successor to former Asia Pacific head of corporate banking Gerry Keefe, who will take on the new role in the bank.
U.S. President Donald Trump is mulling a ban against the federal government’s retirement savings fund from investing in Chinese equities due to national security risks.
The Singaporean lender responded to a shareholder query in its annual meeting about a potential successor for incumbent CEO Piyush Gupta.
The Asia-focused British lender has hired the co-founder of GoBear – a metasearch engine platform comparing financial products – to lead its efforts in global digital partnerships.
The state-owned lender could absorb part of the over $1 billion in losses after sub-zero oil prices hit 60,000 retail investors and led to public outcry.
Despite a 12 percent drop in pre-tax profits to $1.2 billion, Standard Chartered still beat analyst estimates of $828 million by a sizeable margin.
The global epidemic is bringing nations together and encouraging them to return to their roots. The German-speaking world’s concept of Heimat – our social, cultural and emotional understanding of what it means to be «home» – is taking on new importance in these...
The new partners are part of a global cohort of 26 lawyers elected to the partnership, drawn from all of the firm's market-leading practices and every region.
Leading proxy voting firms had recommended shareholders to reject the compensation report of Credit Suisse and kick the chairman out. They gathered a fifth of the vote at today’s annual general meeting.
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