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1 day ago | 
news.bloomberglaw.com | Ambereen Choudhury |Denise Wee
HSBC Holdings Plc’s Chairman Mark Tucker will leave Europe’s largest lender in September to take on a non-executive chairman role at AIA Group Ltd., marking his return to the Hong Kong-based insurer. Tucker, 67, will step down after almost eight years on Sept.
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1 day ago | 
bloomberg.com | Ambereen Choudhury |Denise Wee
Mark Tucker at an HSBC shareholders meeting in Hong Kong on April 1. (Bloomberg) -- HSBC Holdings Plc’s Chairman Mark Tucker will leave Europe’s largest lender in September to take on a non-executive chairman role at AIA Group Ltd., marking his return to the Hong Kong-based insurer. Tucker, 67, will step down after almost eight years on Sept. 30, according to an HSBC statement.
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1 week ago | 
news.bloombergtax.com | Denise Wee
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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1 week ago | 
bloomberg.com | Denise Wee
Victoria Dockside is New World’s flagship commercial complex located at the core area of Tsim Sha Tsui waterfront. (Bloomberg) -- Hong Kong bankers have become fixated on an $11 billion loan deal with unusually high stakes for the financial hub.
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1 week ago | 
bloomberg.com | Denise Wee |David Ingles
Um ihre Investments in einer volatilen Zeit für Märkte und Welthandel zu diversifizieren, setzen hoch vermögende Kunden der UBS nach Angaben von Top-Manager Iqbal Khan verstärkt auf alternative Geldanlagen. Die Schweizer Bank sehe in diesem Segment “anhaltende Nachfrage”, sagte der Präsident des Asiengeschäfts der Bank am Mittwoch im Interview mit Bloomberg TV in Hongkong.
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1 week ago | 
bloomberg.com | Denise Wee |David Ingles
(Bloomberg) -- Wealthy customers of UBS Group AG are looking to buy more alternative assets as they seek to diversify investments during a volatile period for markets and global trade, according to the firm’s Asia Pacific chief. “We see continued demand” for alternatives, Iqbal Khan, the bank’s regional president, said in an interview with Bloomberg TV in Hong Kong at the UBS Asian Investment Conference on Wednesday.
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1 week ago | 
bloomberglinea.com | Ambereen Choudhury |Nicolas Parasie |Denise Wee |Harry Wilson
Bloomberg — HSBC Holdings Plc (HSBC) ha despedido a más de dos docenas de analistas en los últimos días, a medida que el mayor prestamista europeo profundiza en la reestructuración de sus negocios de banca de inversión, según personas familiarizadas con el asunto. Entre los afectados por el movimiento se encuentra Steven Major, jefe global de investigación de renta fija de HSBC con sede en Dubai, dijeron las personas, que pidieron no ser identificadas al discutir información confidencial.
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1 week ago | 
bloomberg.com | Ambereen Choudhury |Nicolas Parasie |Denise Wee |Harry Wilson
HSBC hat nach Angaben von informierten Personen in den letzten Tagen mehr als zwei Dutzend Analysten entlassen. Damit vertieft die größte europäische Bank die Umstrukturierung ihres Investmentbanking-Geschäfts. Zu den Betroffenen gehöre auch Steven Major, der globale Leiter des Bereichs Fixed Income Research der HSBC mit Sitz in Dubai, sagten die Personen, die nicht namentlich genannt werden wollten. Die meisten Entlassungen beträfen Europa, hieß es.
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1 week ago | 
bloomberg.com | Ambereen Choudhury |Kerim Karakaya |Nicolas Parasie |Denise Wee
(Bloomberg) -- HSBC Holdings Plc has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to people familiar with the matter. Those affected by the move include Steven Major, HSBC’s Dubai-based global head of fixed income research, the people said, asking not to be identified discussing confidential information. Most of the cuts were in Europe, according to the people.
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2 weeks ago | 
news.bloomberglaw.com | Denise Wee |Trista Xinyi Luo
Hong Kong authorities are intensifying tax checks of private equity and venture funds as the Asian financial hub faces pressure to plug deficits. Over the past 12 to 24 months, the Inland Revenue Department has stepped up reviews on management fees and so-called carried interest to managers in Hong Kong. Some tax advisers said they have seen a jump of as much as 50% in funds seeking guidance on how to respond to inquiries from the authorities during that period.
