The chair was still warm. Barely had Lombard Odier announced it hired CIO Michael Strobaek from Credit Suisse, the latter announced his replacement.
GAM, once Europe’s largest fund manager, is the subject of takeover speculation. A group of investors, including French telecom entrepreneur Xavier Niel, has other plans for the crisis-ridden company.
Credit Suisse's former head of European operations has been promoted to top management at Deutsche Bank. In five years, he has reached the pinnacle at Germany's largest bank.
Starting next week, an interim chairman takes over for the departing Sergio Ermotti at Swiss Re, allowing him to focus on his new CEO duties at UBS.
The German probe into the Cum-Ex tax dividend scandal has hit the Frankfurt offices of Japanese bank Nomura.
A member of renowned hip hop group Fugees has been convicted of illegally aiding Malaysia's Jho Low.
What a difference a year makes. After many wealth managers saw record new money inflows and assets under management grow to new heights in 2021, last year proved to be a very different story.
At the behest of the state, UBS has been transformed from a reliable, income-generating institution with a high return on capital into a bizarre casino where bets are being placed on illusory success in the coming years, finews.com editor Claude Baumann observes.
Hong Kong-headquartered AIA has received approval from Chinese regulators to launch operations in the province of Henan.
Singapore-based UOB recorded growth across its wholesale, global markets and retail businesses, resulting in a significant rise in profits for the first quarter.
Swiss Financial Market Supervisory Authority (Finma) published its annual resolution report for systemically important banks. Postfinance needs to go back to the drawing board.
In its 218-year history, the Swiss private bank Pictet had only 46 partners. A 47th has now been chosen, finews.com has learned.
The Monetary Authority of Singapore has proposed additional controls for the marketing of financial products via physical and digital channels.
Singapore-based Endowus expands to Hong Kong with the launch of its wealth management services in the city.
Asia was the dominant profit driver for London-headquartered Standard Chartered in the first quarter of 2023.
Emerging market-focused lender Standard Chartered registered a significant profit increase in the first three months of 2023, driven by higher interest income.
Asia's private banking industry faced a double whammy of persistent Covid curbs and a multi-asset class market downturn in 2022 leading to a second consecutive year of asset decline. finews.asia reviews the damage with the release of its annual Private Banking...
Allianz Global Investors has hired a former Goldman Sachs Asset Management executive to lead its China equity team.
Singapore’s DBS has announced the shift of a Hong Kong board director to join the group board.
South Korean prosecutors have long believed fallen crypto-star Do Hyeong Kwon converted thousands of bitcoins into millions of dollars at an unnamed Swiss bank. That bank appears to be Sygnum, although research by finews.asia reveals the digital banking pioneer may...
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