Singaporean bank OCBC has officially launched onshore private banking in Indonesia through its eighty-five percent owned subsidiary, OCBC NISP.
Investment management solutions firm SimCorp has moved to strengthen its Asian business unit.
Swiss China Corporation recently became visible through key hirings from Julius Baer and CTBC. SCC comprises a multi-family office in Hong Kong and an asset and wealth management company in China.
The wealth management arm of Westpac bank, BT Panorama, has signed a deal with a Robo-Adviser. This marks the first of the so called «big four» to choose an independent technology provider for digital advice.
UBS' asset management arm is struggling to hit its mid-term targets. Now, the Swiss bank is weighing a sale of a business-to-business fund platform, finews.asia has learned.
MetLife’s Singapore-based innovation center, LumenLab, has handed out $100,000 to the winner of its inaugural corporate-startup engagement program.
Financial software provider Bravura Solutions has expanded its executive leadership team with the appointment of a Global Head of Engineering for its wealth management division.
Singapore took an eye-watering $4 billion hit on a ten-year investment in UBS that was supposed to have been for the ages. In fact, the wealthy city-state should have dumped Switzerland’s largest bank long ago.
Falcon Private Bank, reeling from the 1MDB scandal, is losing its head of private banking, finews.asia has learned. His tenure has been overshadowed by the billion-dollar graft scandal.
Auction house Christie's has named a new Chairman with responsibility for Europe and Asia. The move comes on the back of his success in opening up the Chinese market.
Japan's Sumitomo Mitsui Financial Group has announced the development of an Artificial Intelligence chatbot that will answer customer questions over Japanese messaging app Line.
It has been a turbulent few months for the crisis-hit asset manager GAM. Now come more changes, this time in Asia.
In one of the oldest legal wrangles that UBS has been involved in, the Swiss lender this week hopes to recover some 350 million euros if a London appeals court decides to overturn an earlier verdict.
The chief executive of Prudential Corporation Asia is stepping down from the role, his replacement has been confirmed.
Credit Suisse shareholders waved through the proposal by the bank’s executive to issue new shares in a bid to raise as much as 4 billion Swiss francs.
Credit Suisse has announced a new Head of Philippines Coverage in its Asia Pacific Investment Banking & Capital Markets unit.
A few days after departing J.P. Morgan its former CEO has been appointed as a non-executive director, at the Australian Stock Exchange.
In an effort to strengthen its North Asia distribution across both its private bank and intermediary channels, First State Investments has announced the appointment of two new hires.
Indian payment Paytm has received its licence for Paytm Payments Bank. With over two hundred million registered users and growing fast, should the banks be nervous?
China's capital markets remain restricted to foreigners, but Switzerland is launching a promising bid to help further open up the country to western participation, Swiss diplomat Joerg Gasser tells finews.asia.
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