The swissQuant Group has hired a heavyweight in financial digitalization to provide close support to the CEO in commercial as well as operational matters both in the company’s aggressive expansion plans into new industry sectors, as well as internationally.
The veteran banker had repositioned the business with Swiss private clients under Brady Dougan. After a spell away from Credit Suisse, he’s now back at the bank, but in a new role.
German lender Deutsche Bank will have a new CEO for its Asia Pacific Business. He replaces Werner Steinmüller who will retire by the end of July, but continue to serve the bank in an advisory role until the year-end.
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Billionaire Lu Zhengyao was the ideal customer for ex-Credit Suisse boss Tidjane Thiam as the firm expanded to China. Now Lu's coffee chain empire has become the target of raids – and the big bank is facing credit defaults.
Despite the lockdown and massive drop in consumer demand, gold demand has held, with a modest 1 percent growth to 1,083 tons, driven primarily by investment demand.
While the bank's first-quarter income grew 13 percent to cross $4 billion for the first time, pre-emptive allowances it has made for uncertainty due to Covid-19 has resulted in its lowest profit in six quarters.
Falcon Private Bank is responding to media reports of an imminent wind-down with assurances that it has options.
EFG expects damages from the global pandemic and disclosed measures it is taking in response. The Swiss private bank is also replacing its operating chief.
For UBS it may be a mere real estate investment in downtown New York. In the music world, it is a special heritage site.
The bank has announced several changes to its board.
A British expat, currently confined to his apartment in the «billionaire haven» Sentosa Cove, has come up with a novel solution to avoid missing his pool time amid the strict lockdown in Singapore.
The firm's new executive chairman is an 18-year veteran of Credit Suisse, where he was CEO of Hong Kong and Greater China and head of Asia Pacific asset management, before retiring in 2018.
Why are Chinese companies maintaining or even increasing dividend payments while their global peers rein in on cash flows? To heed the state’s call to reward shareholders – mostly those from the state.
The alternative asset management and investment group Tikehau Capital has appointed a new partner, who brings more than 30 years of global experience in the financial services industry in the Asia Pacific, U.S. and Europe.
The Chinese insurance giant is seeking an order to force the South Korean asset manager to complete a deal to change hands on $5.8 billion worth of U.S. luxury hotels.
It will use the funding raised on technology upgrades, growing its team, and branding to fuel its multi-channel strategy.
Sergio Ermotti won’t get an effusive public goodbye from UBS. After a decade of untangling the Swiss wealth manager’s scandals, nearly as knotty a challenge looms in his new job.
UBS tapped the strength of its private bank in the crisis. The unit's revamp under new co-head Iqbal Khan proved effective in the nick of time.
The appointment follows a recently inked strategic bancassurance partnership with Thai lender TMB Bank.
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