London-based HSBC’s Asia pivot continues with the latest exit from its South Africa business. HSBC has reached an agreement to transfer the business of its South Africa branch to FirstRand Bank (FRB), ...

Zurich-headquartered EFG has expanded its Hong Kong office with the hire of several former Citi Private Bank executives. EFG Bank has appointed Seamus Yin as market group head - Hong Kong & China, ...

The US Treasury Secretary discusses the importance of coordination and a functional international recovery framework following the demise of Switzerland’s second-largest bank. For many, Credit Suisse ...

Asia is expected to experience strong growth in private markets. The Deputy Prime Minister of Singapore believes the city-state is well-positioned to act as a key hub for the asset class in the region ...

Union Bancaire Privée has expanded its North Asia team with hires from three rival private banks. UBP has appointed Ivan Tam as team head and Calvin Poon as relationship manager, according to a ...

HSBC made the decision to combine its investment and product teams in Asia a few years ago to serve clients across the full wealth continuum. The merged structure has paid dividends via new assets.

Chinese authorities delivered a stimulus package that was more aggressive than expected. Nonetheless, private banks did not much change their stance on the country’s economy and assets. On Tuesday, ...

A former minister from Bangladesh is under investigation over claims that he laundered millions of dollars offshore. His companies allegedly received loans from DBS. DBS made 19 loans to companies ...

The Singapore co-CEO of Bordier & Cie has commenced her role as a fifth-generation member of the family-owned private bank prepares to return to Switzerland. D’Argembeau has over two decades of ...

Singapore’s DBS is positive about the future of its wealth management business, reportedly sharing optimistic forecasts on the growth of its fee income and assets under management. By 2027, DBS aims ...

The American central bank has commenced its easing cycle, cutting interest rates for the first time since 2020. Private banks are advising investors to take more risk. The US Federal Reserve has cut ...

The super-rich centi-millionaires of the world are increasingly concentrated in the USA and China, while Europe is falling behind. The upcoming U.S. elections are causing tension: Is an exodus of the ...