One of the U.K.’s leading private client investment managers and the largest in South Africa, Investec Wealth & Investment, has announced the opening of its business in Hong Kong.
UOB Group reported a dip in its net earnings for the first quarter of 2016. Investors will now be watching closely to see how the other two Singaporean banks have fared.
UBS, the world’s largest wealth manager, has concluded fundraising for an impact investing fund aimed at developing cancer treatments. More than half the funds raised originate from the Asia Pacific region.
China offers great potential for private banks, Ulrich Birch told finews.asia in an interview. He also mentioned the enormous challenges foreign banks face if they want to establish a presence in Asia.
The CFA Institute, the global association of investment professionals, has appointed a new Managing Director for Asia Pacific.
With the acquisition of BSI, Switzerland's EFG International thought it would be able to take the giant leap and capture a share of the Asian private-banking market. These hopes seem to have been dashed.
Vontobel Wealth Management Asia Pacific has appointed an Executive Director and Senior Relationship Manager in Hong Kong, further augmenting the Zurich headquartered firm’s advisory capabilities.
Dalian Wanda’s Wang Jianlin has lost his crown as Asia’s richest person, at least for now. However with Wang looking to restructure his empire he may be back on top soon.
Singapore’s DBS Bank has officially unveiled «digibank» India’s first mobile-only bank. The revolutionary offering brings together an entire suite of ground-breaking technologies from biometrics to artificial intelligence.
A former UBS trader involved in the exchange-trade manipulation under investigation in the U.S. has changed sides and is helping the justice authorities to track down former colleagues.
Annual general meetings of banking institutions aren't usually events that send the pulse racing. Not so in the case of Credit Suisse on Friday.
The only son of Lord Rothschild is getting married. A happy occasion of course, and a stunning one as well.
Julius Baer is about to accelerate its expansion in Asia and hire the necessary bankers. Switzerland in turn is in for a much rougher ride, the bank's CEO believes.
Standard Chartered Bank has announced a 58 percent drop in first-quarter profits. The news will certainly not be warmly welcomed by the largest shareholder, Singapore's Temasek Holdings.
Ticino based bank BSI has announced the departure from the bank of its interim CEO in Singapore and the appointment of another «acting CEO.» This will be the third CEO this year for the under fire bank.
A former senior financial planner who engaged in misleading and deceptive conduct while working for National Australia Bank has been handed a lifetime ban.
Adding to its growing teams in Asia Pacific, international asset manager M&G Investments has recruited an experienced business developer for its Tokyo office.
Artificial Intelligence is predicted to bring about dramatic changes to the way financial markets operate, but with the possibility of a rise in market instability. This according to global law firm Baker & McKenzie.
«Many years from now, we may well say Brexit was the missed opportunity to reform the EU», writes Peter Kurer, a lawyer and former chairman of UBS, in his exclusive essay for finews.first.
The families of Lombard and Odier are at loggerheads. Their dispute threatens to divert their attention from where it is needed most: adjusting their strategy in an industry undergoing dramatic change.
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