Monday, 18 November 2024

PEOPLE Friday, 7 October 2016 00:33

GAM Top Executive Departs in Setback for Firm

GAM is losing its head of communications, one of the few women in top management at a major Swiss financial services firm. 

FINANCE Thursday, 6 October 2016 17:09

Falcon Denies Sale Talks Amid 1MDB Probe

Swiss Falcon Private Bank, which has come under pressure for its involvement in the scandal surrounding Malaysian state fund 1MDB, isn't for sale. The denial underscores the uncertainty hanging over the bank.

FINANCE Thursday, 6 October 2016 15:46

Credit Suisse Confirms Head of Wealth Management Thailand

Credit Suisse has formally announced the new head of Wealth Management Thailand. Based in Bangkok she will lead the team of investment planners and report to Christian Senn.

FINANCE Thursday, 6 October 2016 15:10

Credit Suisse Admits to Cooking U.S. Assets, Pay $90 Million Fine

Credit Suisse will pay $90 million to put to rest an investigation in the U.S. over how it booked fresh client assets, the last vestige of a years-long probe into how it helped wealthy Americans to cheat on their taxes.

FINANCE Thursday, 6 October 2016 14:42

Myanmar's Largest Bank Reaches out Through New Singapore Office

KBZ Bank, Myanmar’s largest private bank, opening a representative office in Singapore, could see them become the leading financial institution in the worlds last frontier market.

FINANCE Thursday, 6 October 2016 13:24

Ex-HSBC Employee Gets Life Ban

The Hong Kong regulator has banned a former employee of The Hongkong and Shanghai Banking Corporation, from re-entering the industry for life, following her conviction for bribery.

HIGH-END Thursday, 6 October 2016 12:10

Banks Get Involved in Formula E

The third Formula E season has started in Hong Kong last Saturday, and two Swiss private banks are in on the action.

FINANCE Thursday, 6 October 2016 10:34

Private Bankers Opt for Standard Chartered Over Bank of Singapore

Standard Chartered Private Bank recently announced senior hires to their Singapore unit with several coming out of Barclays Wealth to re-unite with their former boss Didier Von Daeniken.

FINANCE Thursday, 6 October 2016 07:24

Linklaters Advises Li Family on Tricor Disposal

Linklaters said a four-person team of the law firm in Hong Kong advised the Bank of East Asia and NWS Holdings' $800 million sale of Tricor to private equity giant Permira.

HIGH-END Thursday, 6 October 2016 07:24

What Swiss Watches Tell Us About Goldman Sachs Bankers

Show me your watch and I’ll show you what rank you are at Goldman Sachs: a former banker mocks the material hierarchy at the U.S. investment bank.

FINANCE Thursday, 6 October 2016 07:24

New CEO at DBS Asia Capital

Singaporean bank DBS has appointed a new Chief Executive Officer of DBS Asia Capital, the bank's Capital Markets arm in Hong Kong and China.

FINANCE Wednesday, 5 October 2016 18:37

Avaloq Enlarges Innovation Ecosystem With Developer Portal

Internationally leading fintech company Avaloq is opening up to developers to further enhance digital banking solutions and user experience.

PEOPLE Wednesday, 5 October 2016 17:46

Credit Suisse Names New Channel Islands Management

Credit Suisse is replacing the head of its Channel Islands activities with an investment banker, finews.asia has learned.

FINANCE Wednesday, 5 October 2016 17:29

Switzerland Probes $800 Million 1MDB Fraud, Ponzi Scheme

Switzerland's prosecutor says it has evidence that $800 million in Malaysian state money from natural resources made its way to Swiss banks. The prosecutor is also looking into a Ponzi scheme involving state fund 1MDB and a subsidiary.

FINANCE Wednesday, 5 October 2016 16:43

Don't Count on Swiss Govt to Rescue Credit Suisse, Says Bond King

Jeff Gundlach is a renowned U.S. investor known on Wall Street as the «Bond King». In a comparison of embattled Deutsche Bank and Credit Suisse, Gundlach expressed more concern for the Swiss bank than for the German lender.

FINANCE Wednesday, 5 October 2016 13:42

Qantas Chairman Joins Former UBS Wealth Manager

Crestone Wealth Management, which was created from the acquisition of UBS Wealth Management Australia, has announced the appointment of a high profile non-executive Director of the board.

FINANCE Wednesday, 5 October 2016 12:41

Singapore's Assets Ahead of Global Curve

The Monetary Authority of Singapore has published its annual survey of the Singapore asset management industry. The city-state took advantage of Asia's continued wealth accumulation to keep.

FINANCE Wednesday, 5 October 2016 11:50

EY: Customers’ Lack of Trust Is Eroding Bank Relevance

Forty percent of 55,000 consumers surveyed worldwide report decreased dependence on their traditional bank and increased excitement about alternatives, according to the EY 2016 Global Consumer Banking Survey.

FINANCE Wednesday, 5 October 2016 06:59

Qatar Re Gets MAS Approval

Global multi-line reinsurer Qatar Re has announced that the Monetary Authority of Singapore has granted the Company a licence to operate a branch office in Singapore.

PEOPLE Wednesday, 5 October 2016 06:59

Morgan Stanley Australian CEO Set to Bow Out

He is known for developing Morgan Stanley Australia from the ground up, now the longest serving Chief Executive in financial services in Australia is about to step down.

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