The appointment comes after a year-long succession arrangement, with the position previously held by a pair of co-chief operating officers.
HSBC’s dividend cancellation fiasco revealed underlying issues with Hong Kong's retail investors ranging from lacking financial knowledge to unhealthy social dependency.
The firm has launched a Hong Kong-based asset management business and made several appointments to support its growth.
Holiday resorts are shut down amid a pandemic, but still bracing for an onslaught of visitors for the upcoming Easter weekend.
With global travel almost at a standstill, the latest results of the Henley Passport Index offer disturbing insight into the indiscriminate havoc caused by the COVID-19 pandemic. Since its inception in 2006, the index has provided the authoritative annual ranking...
The partnership leverages NCS’ capabilities in building government applications and infrastructure, and Nets’ experience as Singapore's national payments provider and facilitating cross-border payments.
Hong Kong’s newly licensed virtual banks will look to delay their launches due to an ongoing coronavirus pandemic.
The American asset manager names the new head of Hong Kong and Singapore’s wealth management business, replacing Todd Staley who will be returning to the U.S. for a new role within the firm.
The significant destruction of value in recent weeks shows us that it may be time to go back to fundamentals and put the real economy first, Jean Keller writes in his essay for finews.first.
UBS' domestic unit is promoting its biggest «agile» advocate into a strategic role.
UBS has had a great start to the year 2020 – and yet, under the impression of the coronavirus pandemic, the company plans to curtail bonus payments, if shareholders are forced to take a cut of their dividend.
When CEOs offered a glimpse at their work-from-home rigs, finews.asia asked itself if remote work is the future. After diarizing his day, editor Peter Hody has his doubts.
The readership of finews.asia has increased rapidly over the past weeks. The editorial board would now like to know how it can further improve the product and cater better to readers. By participating in our reader survey, you can win one of five sets of two...
Swiss football club Grasshoppers Zurich is being sold to an investor from Hong Kong. The new head of Switzerland’s record champions is the wife of Guo Guangchang, whose Fosun Group already owns Wolverhampton Wanderers.
The London-headquartered bank’s Australian unit disclosed the potential breaches in a regulatory filing last week.
The wealth and asset management arm of Canadian multinational financial services firm Manulife has appointed a London-based global head of ESG research and integration, and a Singapore-based head of ESG, Asia.
The coronacrisis is also affecting the business of Leonteq: the derivates specialist has pulled its forecast for the full year and expects a period of persistent uncertainty.
A recent Standard Chartered survey unveiled Hong Kong investors to be one of the most impulsive, speculative and biggest believers of luck which are not perfect attributes for a crisis.
In a statement on Thursday, MAS said the delay would «allow the digital bank license applicants to dedicate their resources and attention towards managing the immediate impact of the COVID-19 pandemic on their businesses,» MAS said.
The new digital bank will conduct a soft launch as a pilot to gather initial feedback before a broader launch to the general public later this year.
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