U.S. officials are preparing their next move against Malaysia's 1MDB, which is suspected to diverting state money to private coffers. The U.S.'s represents a quantum leap in the crackdown on the scandal-torn fund.
Australia's most powerful dealmaker who advises billionaire James Packer is returning to a high-profile role at UBS in Asia. The return of the investment banker is a surprise.
The hiring rush to manage the burgeoning wealth being created in North Asia continues at pace with Switzerland's second largest bank confirming more appointments.
Former Credit Suisse top bankers are poised to launch a new digital wealth manager, finews.asia has learned. The business model is unusual and – for once – truly innovative.
Global asset management firm New York Life Investment Management has extended its Asian footprint establishing a new office in Tokyo and naming the Japan business head.
A long running saga to wrestle control of the Bank of East Asia away from a Hong Kong family dynasty was ramped up this week. But the under fire Li family have been quick to hit back.
There is little sign of Julius Baer settling down under restless CEO Boris Collardi. This is illustrated by a further management shuffle which promotes some while disenfranchising others, leading to prominent departures.
Credit Suisse is replacing a key executive under private banking head Iqbal Khan, finews.ch has learned. The unit's chief operating officer, a veteran of the Swiss bank, is leaving the role after just over six months.
Validus Capital, an SME fund box that links investors to Singaporean SMEs, claims it will be the first platform in Singapore to provide investor protection for their invoice financing loans.
Swiss bank Julius Baer has announced an alignment of its organisation. The new set-up will consist of five re-calibrated regions, and will lead to changes within the Executive Board of the bank. What's in it for Asia?
Professional services firm KPMG has appointed a new Chief Information Officer to its Australian operations.
Allen & Overy has announced the expansion of its Greater China debt capital markets practice and the relocation to Singapore of a capital markets specialist partner.
Singaporean bank OCBC, who recently acquired the Asian units of Barclays Wealth, has announced the merger of its two banking subsidiaries in China.
The Julius Baer Foundation has been led an on interim basis by Thomas Meier since last month. Now a permanent managing director has been found – a former head of UBS Optimus Foundation.
Three Swiss banks as well as a Singapore firm are reportedly being scrutinized for their dealings with Malaysian state fund 1MDB after Banca della Svizzera Italiana, or BSI, was shut down in Singapore.
Bankers love league tables. That's why finews.ch has compiled the ultimate ranking of attractive Swiss bankers, for the first time ever. Caution is advised.
finews.asia understands that Leonteq the Swiss technology and service provider for investment solutions, is considering providing its clients access to robo-advice technology in a turn-key solution.
The Swiss bank has appointed a new Head of Financial Sponsors Coverage to its investment banking and capital markets division based in Hong Kong.
There will come a time when we look back mournfully and ask ourselves why we didn’t buy bank shares back in July 2016, finance professor Maurice Pedergnana writes in an essay for finews.first.
Chief Executive Tidjane Thiam said recently: «Credit Suisse doesn't have a problem with its capital.» Just how well-equipped is the bank if another gale-force crisis hits and wipes billions off its capital cushion?
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