Swiss bank Julius Baer has appointed a new Head Wealth & Tax Planning Advisory Asia, based in Hong Kong.
In a reverse to former CEO Mike Smith’s aggressive Asian strategy, the Melbourne based banking group ANZ is considering the sale of its holdings in banks in Malaysia and China.
Unfortunately, the person behind the leak of the Mossack Fonseca papers has made the dreadful mistake of turning to the western corporate media to publicise the results, writes British author an former ambassador Craig Murray in an essay.
EFG International, the Swiss private bank set to buy BSI from BTG Pactual of Brazil, needs to raise fresh capital to finance the acquisition. The board has now decided how it wants to generate that cash.
finews.asia has learnt that a long serving Managing Director at HSBC Private Bank in Singapore has left the firm.
Global auction house Sotheby’s has claimed that the unexpected success this past week in Hong Kong was a result of «the company’s unrivalled ability» to source fresh works from all corners of the earth.
More news on the fintech front as another global bank looks to tap directly into Silicon Valley’s brightest. Deutsche Bank plans to spend up to 1 billion euros on digital initiatives over the next five years.
National Australia Bank has announced its next generation business model for the Australian high net worth market.
The latest acquisition of a European bank’s private wealth business by a domestic Asian bank is another indication that the future of wealth management belongs to Asia.
Bank Julius Baer has appointed a new Head of Private Banking Greater China. Based in Hong Kong. The new addition will be responsible for expanding the bank’s business presence and client base in the region.
As finews.asia had predicted Singaporean bank OCBC has won the race to acquire the Singapore and Hong Kong private wealth units of U.K. bank Barclays.
In the newest Global Financial Centres Index Singapore has overtaken Hong Kong as Asia's leading hub. London remains number one, but new entrants make the competition tougher, especially in Asia.
Melbourne based bank ANZ has appointed its first woman to lead ANZ Pacific in a newly created role of Regional Executive – Pacific Islands.
HSBC Private Bank has announced a pair of senior appointments to join the business in Hong Kong. Among them is the former Chief Investment Officer for Credit Suisse Asia-Pacific.
The $1 billion write-off at Credit Suisse is shedding light on a lack of transparency at the investment bank and a huge mistake at the Global Markets unit. Timothy O'Hara has to shoulder the blame and the question is, what his employer is going to do next.
The founder and CEO of global security company Kaspersky Lab, has been appointed to the International Advisory Panel for Singapore's National Cybersecurity Research and Development Programme.
Beijing based Anbang Insurance Group, and Allianz SE, have announced the signing of a sale and purchase agreement by which Allianz Group is to sell Allianz Life Insurance Korea and Allianz Global Investors Korea to Anbang Insurance Group.
With now the U.S. Justice getting drawn into the widening probe of the Malaysian state fund, the mood at recently acquired BSI Bank in Singapore, itself heavily linked to the investigation, becomes apathetic.
A more than 50-minute slog between a group of committed, and wealthy, bidders has led to a record price of HKS 240 million for a Chinese landscape painting.
A month on from appointing its local pioneer broker, the world’s only commodity exchange trading in physically settled diamonds, has announced further developments.
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