08/23/2020
European private banks were already feeling pressure to revitalize. Now that the pandemic has accelerated changes in the expectations of clients and employees, the industry will need to accelerate its transformation.
08/23/2020
The company has been long focused on revamping its key wealth management division. In early 2020, the bank was in news for plans to cut about 500 jobs in the unit.
08/23/2020
The challenge is the majority of private bankers’ business in Asia is coming from offshore
08/23/2020
It has been good news for those shareholders, that their value has gone up like a rocket, but there is a potential downside.
08/21/2020
More than half of the assets managed by private banks in Hong Kong and Singapore are drawn from outside the two hubs
08/21/2020
The Notes will mature on August 15, 2025, unless earlier purchased, redeemed or converted.
08/21/2020
The fund will be merged into a strategy with lower costs.
08/21/2020
Respondents hailed from a diverse array of industries including real estate, manufacturing, construction, financial services, technology, oil and gas as well as education, entertainment, retail, trade and banking.
08/21/2020
The legal changes add to a broader wealth management business revamp.
08/20/2020
Alternatives can be used as a substitute for core bond portfolios, which currently generate very little, if any income.
08/20/2020
Most of Italy’s most important cultural institutions are public and the participation of private subjects in the cultural sector has been long debated.
08/20/2020
Already, the likes of UBS Group and JPMorgan Chase & Co have seen the growth of new money in Asia take a hit.
08/20/2020
The duo is joined by Ryan Loehr, who worked as an associate adviser initially at Morgan Stanley with the two.
08/20/2020
Rigi partially rolls back measures from the 2008 financial crisis, when Switzerland told UBS to create separate legal entities that would be insulated in the event of a surprise bankruptcy.
08/20/2020
CHF 1.1bn of Swisscanto funds were transferred to ZKB.
08/20/2020
The HK asset management arm of Zurich-based EFG International plans to launch its second fixed maturity product (FMP) this year.
08/20/2020
Both firms will combine their investment management capabilities to launch a mixed-asset product in Hong Kong.
08/20/2020
They’ve focused instead on a trading boom among existing clients.
08/20/2020
The institute was established through the support of the Beijing Municipal Government and Tongzhou District Government.
08/19/2020
As of 30 June 2020, custody assets amounted to CHF 6.4 billion, this represented a drop of CHF 0.5 billion from the level of 31 December 2019.