Jobs at both big banks aren’t under immediate threat, UBS's CEO said in a media call.
Baltimore-based Brown Advisory will enter its next stage of growth in Japan with the opening of a new office in Tokyo.
Switzerland's largest bank made new provisions for an old legal case, which impacted first-quarter earnings. UBS was nearly mute on the planned acquisition and integration of Credit Suisse.
London-based HSBC has entered a multi-year distribution agreement with insurer MSIG in Singapore.
UBS is soberly aware of the task it faces to integrate Credit Suisse into its operations. Nevertheless, it sees long-term value in the deal it was forced into on March 19.
Higher interest income was not enough to offset lower transactional and recurring revenue at UBS Global Wealth Management, which saw profits dip in Asia.
Following its forced merger with Credit Suisse on March 19, the Global Wealth Management Unit of UBS benefitted from a flood net of new client money.
UBS Global Wealth Management registered growth in net new fee-generating assets in Asia as the broader business benefitted from strong overall inflows, particularly after the announced acquisition of Credit Suisse.
Geneva-based UBP has hired a former HSBC private banker as a team head for the North Asia market.
Citi has announced the appointment of a new chief executive officer for its Malaysia banking unit.
J.P. Morgan will rebrand its China fund unit after winning approval to take full ownership of the firm earlier this year.
The crypto winter is over, according to a Standard Chartered research note which called for a potential price rise to $100,000 by end-2024.
Credit Suisse’s first quarter results show the potential pitfalls of building a bank too focused on high-net-worth clients. finews.asia takes a look.
Uncertainty among Credit Suisse clients took a heavy toll on the bank's wealth management business in the first quarter as clients pulled tens of billions out.
When UBS took over Credit Suisse, it was primarily eyeing its wealth management business. But that unit of prime tenderloin now looks considerably less appetizing.
Citi’s wealth management unit in Asia saw increases across the board in the first quarter of 2023, including client base, revenue and more.
DBS has announced the appointment of a chairman of the bank's China unit.
A former Julius Baer executive has joined multi-family office Fargo Wealth Group in Singapore.
Credit Suisse posted improved results in the first quarter of 2023, driven by the recent wipeout of its AT1 bonds.
Christian Bluhm was planning a professional and academic reset. With the UBS takeover of Credit Suisse, his plans are on hold for now.
Page 22 of 904
