Standard Chartered Bank has made a series of key appointments to strengthen its Private Banking and Wealth Management teams. Its most recent hire sees another former Barclays banker reunite with colleagues.
Asian focused bank HSBC plans to move jobs out of Britain before negotiations over Brexit end, the bank’s chairman has told British lawmakers. No mention was made of jobs being shifted to Asia, yet.
Almost half of high net worth investors feel their knowledge of investment matters is on a par with their relationship manager – but they are nevertheless satisfied with the service provided by their advisors.
Singapore based Keppel REIT Management has appointed a new Chief Executive Officer-Designate. The real estate trust owns a high quality portfolio of premium assets in key financial districts in Singapore and Australia.
The financial technology community in Hong Kong has been given a boost with news that an additional fintech event has been added to the city's calendar this spring.
In a further challenge to the financial services industry, a new report has found that seven out of 10 consumers globally welcome Robo-Advice for banking, insurance and retirement services.
The trading division of Credit Suisse has lost another top manager. The departure comes after the Global Markets division posted massive trading write-downs in the fourth quarter of 2016.
Private banking in Asia, once hailed as the promised land, is today as tough a business as any. Tight margins, aggressive competitors and a failure to understand the needs of their customers is making life hard for bankers.
The former Swiss branch manager of Falcon Private Bank in Singapore has been jailed after pleading guilty to six charges in connection with the 1MDB scandal.
Citing an increased demand for wine investment across Asia, a London based fine wines investment company has opened a new office in Hong Kong. So is conspicuous consumption on the way back?
Vontobel Asset Management has strengthened its Asian business with a new Hong Kong hire, the firm aims to further broaden its client coverage with an emphasis on private banks.
The Postal Savings Bank of China has teamed up with IBM and announced the launch of its blockchain-based asset custody system.
As part of its core Asia strategy M&G Real Estate has invested in a Japanese logistics development, its second foray into the country in a matter of months.
ANZ has sold its retail banking and wealth management businesses in five Asian locations to Singapore's DBS, and its stake in Shanghai Rural Commercial Bank. Now the bank has offloaded another asset.
UBS, the Swiss banking giant, is hosting its China-conference in Shanghai this week. The special star of the show proved to be a crowd-puller at the grand opening of the event.
For the very first time, the Swiss watchmaker Omega is offering online sales of a new timepiece. Expanding the reach from its global network of boutiques, the brand is excited to connect to its online community in a new way.
Global auction house Sotheby’s, whose largest shareholder is China’s Taikang Life Insurance, has launched a new luxury division.
The rapid rise in wealth creation in Asia has been accompanied by a strong interest in impact investing. UBS has been keen to engage its Ultra Net Worth Clients in this area and has appointed a well known Impact Investing expert to enhance this offering.
The third largest asset manager in China and the third largest asset manager globally are ignoring the shadow of potential trade friction from the incoming Trump administration and have signed a memorandum of understanding.
Swiss wealth management giant UBS has appointed a new Co-Head Global Ultra High Net Worth and a Head of Global Family Office Group for Asia Pacific.
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