Hong Kong’s upcoming financial summit has reportedly secured the attendance of top executives from about 20 global firms including the CEOs of Citi and Morgan Stanley.
Singapore authorities will further strengthen financial talent development in the city-state with projections of up to 20,000 newly created jobs in the sector over five years.
Asian family offices cited growing international tension as their top near-term concern for markets and the economy, according to a recent survey by Citi.
Resentment stirs at the group executive board over CEO Ralph Hamers' appointments while chairman Colm Kelleher keeps the pressure up.
Deutsche Bank has announced the appointment of a new co-head of global foreign exchange for Asia Pacific.
Giant non-state conglomerate Fosun denied media reports that major local lenders were asked by regulators to review their financial health for related exposure.
South Korea is seeking to arrest half a dozen people from the Terra fiasco, including founder Do Kwon, over alleged violation of capital markets laws.
After breaking off the deal with US robo-advisor Wealthfront, UBS will take a different approach to attract its next generation of wealth management clients.
Handsome profits, takeovers, and PR tours by the big bosses with major investors have not been able to significantly increase UBS's market valuation. The latest effort has also shown little traction so far.
HSBC has announced the appointment of a Southeast Asia head of trust and fiduciary services for its private banking arm.
British asset manager abrdn is reportedly selling a stake in Indian insurer HDFC Life.
Thailand’s new visa program which targets wealthy foreigners has attracted hundreds of individuals after its launch earlier this month, with US and China leading demand.
A senior executive from Bank of East Asia has reportedly been detained in Beijing over an investigation linked to bank loans and suspected bribery.
While the broader market of private investors may still have reservations about cryptocurrencies, some of Asia’s wealthiest and most prominent families are increasingly adding exposure to the digital asset class.
In the next few weeks, Goldman Sachs is said to be planning job cuts that could result in hundreds of terminations in a sign that dealmaking is slowing down.
Swiss banking tech provider Temenos has announced the appointment of a new managing director in Asia Pacific.
Clients globally at UBS have demonstrated increased market caution, according to chief financial officer Sarah Youngwood, with those in Asia Pacific still deleveraging positions.
Two former Credit Suisse traders go from writing banking algorithms to coding for the next generation of the internet.
HSBC chief executive Noel Quinn reiterated the bank’s positions on cryptocurrencies, underlining that it was more negative on the digital asset class than other competitors.
China’s zero-Covid policy will likely persist beyond the upcoming key Communist Party meeting next month, according to Goldman Sachs, with expectations for a pivot away only beginning in mid-2023.
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