Iqbal Khan, head of wealth management at Credit Suisse, is facing a mammoth task: while his boss wants him to hire hundreds of new bankers to attract more assets and boost profit, he first has to root out those who haven't performed.
A former private banker with Credit Suisse is returning to the fold after a stint at Julius Baer in Singapore. He will take a top job at the International Wealth Management division, research by finews.asia showed.
Japanese financial services group Nomura has become the first Asian issuer to list exchange-traded funds on SIX Swiss Exchange.
Banking with Russians for more than two decades has been a gold mine. Now, the losses incurred by a Georgian oligarch on his accounts at Credit Suisse have the potential to turn into a scandal that will affect the private banking industry for a long time.
The conformist gender labels that women care for the household while men control the finances no longer hold. Findings from BlackRock suggest that Singaporean women are as financially-savvy as men, but are lacking confidence in investing.
The stars Singapore Symposium had its third edition this February and was held under the banner «Asia – The New Normal». Here are some impressions of this 4-day event.
Sydney based Macquarie Group sells its Macquarie Life insurance business to Switzerland's Zurich in Australia.
Maples Fiduciary, a division of MaplesFS and affiliate of Cayman headquartered Maples and Calder, has opened an office in Hong Kong.
The U.S. hunt on suspected tax evaders has reached Singapore, as the Internal Revenue Service has asked a federal judge in Miami to force Swiss bank UBS to hand over documents on an account in Singapore held by a U.S. citizen of Chinese origin.
ANZ has responded and rejected the allegations in an earlier statement of claim by the Australian Securities and Investments Commission regarding bank trading and the bank bill swap rate.
Swiss bank UBS has build an Asian debt-financing group by combining its debt-capital market and leveraged-finance operations in the region.
It seems rarely a day goes by without ANZ CEO Shayne Elliott or his bank making the news. Now the Australian Securities and Investment Commission has commenced legal proceedings against te company.
Fixed-income trading isn't really part of the new strategy of Credit Suisse. Which doesn't mean that all traders are being kicked out: in the U.S., the bank is operating an electronic platform for fixed income – in cooperation with a conspiracy theorist.
Accounting and consulting firm Deloitte has announced a change of leadership at the firms Singapore based Southeast Asia business.
Singapore based United Overseas Bank has launched Asia’s first strategic collaboration with a global equity crowdfunding platform from Israel. The collaboration will see UOB making a S$10 million investment.
The impression that Swiss private banking is suffering from a particularly heavy bout of merger-and-acquisition fever has now been underscored by a study. How long the buying and selling frenzy will continue for is more questionable.
Credit Suisse's turnaround might be similar to UBS's restructuring earlier, but the plan will mean a bumpier ride for CS, especially for bondholders, says David Fanger, a Moody's Senior Vice President.
The U.K. asset manager Schroders has confirmed what has been rumoured for days in the City. The current CEO has lost a powergame and steps down. At least he becomes a non-executive Chairman.
Singapore’s United Overseas Bank has become the first bank in Asia to distribute euro-denominated fixed-rate covered bonds.
«You wouldn't want to work in there, they won't be pleasant places to work as they keep downsizing,» Aberdeen's CEO said speaking to media in Australia.
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