HSBC chief executive Noel Quinn reportedly disclosed that the Asia-focused British lender plans to invest around half a billion dollars in its China business.
The sector is marked by disappointing and structural challenges despite high compound annual growth rates in the last 10 years.
Global research house Morningstar bolsters its ESG business with the appointment of a client relations manager.
Singapore launched a supply chain exchange to digitize transactions in a notoriously paper-bound sector.
Australian exchange operator names its first-ever female chief executive.
OCBC’s private banking arm has opened a unit in Malaysia to provide customized solutions for onshore affluent clients.
DBS Group appoints an outside expert to its board sustainability committee (BSC).
Economic growth and assets have been artificially buoyed by imported interest rates since the financial crisis. That may be about to reverse itself, finews.asia argues.
Citi has closed the sale of its Australian consumer unit to NAB, completing the first of 14 exits from retail markets where it lacks scale.
Pictet's wealth management arm has bolstered its discretionary portfolio management unit with the hire of a former Julius Baer executive, finews.asia has learned.
Despite continued turbulence in crypto markets, blue chip token Bitcoin has suffered relatively less damage and this may be the early signs of decoupling from the broader ecosystem, according to Julius Baer.
France’s Eurazeo has launched a fund targeting Southeast Asia’s insurtechs, according to a DealStreetAsia report.
German asset manager DWS' CEO has resigned after a police raid of its offices on greenwashing allegations.
Swiss private bank Bordier has signed an agreement with a private equity fintech firm to expand its alternatives offering in Asia.
German prosecutors raided the offices of asset manager DWS and its controlling shareholder Deutsche Bank over allegations of «greenwashing,» according to media reports.
UOB has appointed a 30-year banking veteran as the chief executive officer of its Vietnam unit.
Residents in Shanghai may be able to breathe a sigh of relief as mainland China’s financial capital begins gradually lifting zero-Covid restrictions more than two months after the initial lockdown.
CIMB’s wealth management earnings faced a hit from market turmoil in the first quarter.
HSBC Asset Management has appointed the former chief investment officer for its Turkey unit to lead its Asia multi-asset team.
Justin Timberlake, Bruce Springsteen, and Bob Dylan all recently sold their entire music catalogs. Swiss private banks are increasingly playing a part.
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