The first-quarter of 2016 has seen global fintech investment surging to 67 percent year-over-year to $5.3 billion. The majority of investments were allocated to ventures in Europe and Asia.
The European financial sector is currently a no-go zone for many investors – but not for David Herro of Harris Associates. The US investment company has a five per cent stake in Credit Suisse.
The British based bank HSBC has named another global head this time in Sydney. The bank forecasts that 80 percent of Australia’s exports will land on Asian shores by 2020.
Ramping up the credibility of the emerging financial technology industry another notch, The Monetary Authority of Singapore has announced the inaugural Fintech Festival.
Australian bank ANZ has received regulatory approval for the appointment of a new «President Director», for its Jakarta based business, PT Bank ANZ Indonesia.
After just over a month since the departure of former Chief Executive Peter Flavel to Coutts in the U.K., J.P. Morgan is said to have culled a number of bankers from its private banking business in Hong Kong and Singapore.
The acquisition of the Coutts International business by Union Bancaire Privee is one deal that swam against the recent trend. For a change an Asian dominated wealth management business unit was bought by a Geneva domiciled institution.
finews.asia has learnt that the Co-Head of HSBC Private Bank in Singapore has left the bank.
Following a strategic assessment of its international operations, Nomura Holdings has announced several changes to its wholesale businesses in Europe, the Middle East, Africa and the Americas.
Banks are set to significantly increase the cost of individual client advice in the near future. As a result, most clients will be priced out and will have to get by without advice. That is the prediction of Mike Judith of Norwegian DNB Asset Management.
Financial services firm Vistra Group with its head office in Hong Kong has entered a new market in Asia.
The inaugural international edition of UBS's «Investor Watch» report reveals changing perceptions toward post work years.
HSBC Private Bank has announced the appointment of a new Head of Global Private Banking, South East Asia. The new role recognises the significance of the Southeast Asian market segment for the U.K. headquartered banking group.
Eastspring Investments, the Asian investment management arm of the U.K.’s Prudential, has announced the recruitment of a new Chief Executive Officer for Eastspring Investments Berhad Malaysia.
Picking up on the reverberations of the massive leak from Panama law firm Mossack Fonseca, the Auckland government has now launched a review of disclosure rules covering foreign trusts registered in New Zealand.
Standard Chartered and SuperCharger have announced the successful completion of Hong Kong’s first home-grown Financial Technology accelerator programme.
The former head of the Zurich branch of French bank Societe Generale, has taken over as the Chief Executive of J. Safra Sarasin in Singapore.
Leading financial regulators are striving to stay ahead of rapidly moving fintech innovations that could have an influence on financial stability. The respective authorities are therefore collaborating to keep up to speed.
The Bank of Italy is said to be carrying out an on-site inspection at the Italian offices of Chinese state owned bank, Bank of China. The Chinese bank said the inspection was a routine procedure.
Offshore company structures are not illegal in Panama. However, up to now, the practice has displayed a somewhat disconcerting double standard, as illustrated by an example in which Swiss banks were also implicated.
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