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3 days ago | 
finews.asia | Richard Otsuki
UBS: China C-Suite Executives Predict US TariffsBusiness sentiments in China have improved compared to late 2024 but remain lukewarm, in part due to the ongoing trade war, according to a UBS survey that includes predictions of US tariffs. Chinese businessmen expect the US to add tariffs on Chinese goods by an average rate of 26.5 percent, on top of the 20 percent fentanyl tariffs, according to the annual UBS China C-Suite Business Survey.
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4 days ago | 
finews.asia | Richard Otsuki
Julius Baer Chair Promises Return to Pure-Play RootsNoel Quinn, Julius Baer’s newly elected chairman, said the Swiss private bank will return to its core purpose as a pure-play wealth manager after a «strategic drift» in recent years towards corporate banking.
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4 days ago | 
finews.asia | Richard Otsuki
HSBC Appoints Group Head of Internal AuditLondon-headquartered HSBC has named a new head of internal audit to succeed Jonathan Calvert-Davies. HSBC has appointed Russell Jackson as group head of internal audit, according to a statement, subject to regulatory approval. In the role, he will report to Brendan Nelson, chair of the group audit committee, and become a standing attendee of the group operating committee.
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4 days ago | 
finews.asia | Richard Otsuki
Legal Complaint Filed Over Swiss Delay in CS AT1 CaseA law firm has filed a complaint over the long time taken by the Swiss court in addressing claims on the write-down of Credit Suisse’s Additional Tier 1 bonds.
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4 days ago | 
finews.com | Richard Otsuki
Julius Baer Unveils New Financial Targets and StrategyZurich-based Julius Baer has announced an updated strategy to meet new financial targets including the goal of improving asset inflows and cost efficiency. Julius Baer has announced new medium-term financial targets for the upcoming cycle from 2026 to 2028, according to a statement. The goals include improving net new money growth to 4-5 percent and adjusted cost/income ratio to less than 67 percent by 2028.
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5 days ago | 
finews.asia | Richard Otsuki
RBC Hires Half a Dozen Greater China Private BankersThe wealth arm of the Royal Bank of Canada has expanded its Asia frontline with a handful of private bankers covering the Greater China markets. RBC Wealth Management has hired several senior private bankers in Hong Kong to support clients in mainland China, Hong Kong and Taiwan, according to an announcement. Angie Chow has been named executive director.
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5 days ago | 
finews.asia | Richard Otsuki
StanChart Nets Ex-HSBC Data ExpertA former data expert from HSBC has joined Standard Chartered’s wealth and retail banking unit in the Hong Kong office. Standard Chartered has appointed Yusuf Demiral as global head, wealth & retail banking (WRB) data, analytics & AI, according to a statement, effective July 7. Based in Hong Kong, he will report to Samir Subberwal, global head, wealth solutions, deposits and mortgages, and chief client officer.
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6 days ago | 
finews.asia | Richard Otsuki
HSBC to Exit US Business BankingLondon-headquartered HSBC continues its global pivot with the latest exit from business banking in the US. HSBC will close its business banking unit in the US, according to a statement. «Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,» the bank said.
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6 days ago | 
finews.asia | Richard Otsuki
Natixis Relocates Investment Banker to Hong KongThe investment banking arm of Natixis has announced a promotion, relocating a senior executive to the Hong Kong office for a new role. Natixis Corporate & Investment Banking has appointed Aurélia Vo Dinh as head of acquisition & strategic finance, Asia Pacific, according to a statement.
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1 week ago | 
finews.asia | Richard Otsuki
Julius Baer Names Successors to ASEAN Private BankerZurich-based Julius Baer has appointed two new market heads in Singapore to succeed a veteran who has worked in the private banking industry for nearly 40 years. Julius Baer has appointed Shui Wei Ho and Vi Sun Yang as market heads South East Asia, according to a statement, effective July 1. Based in Singapore, they both report to Jimmy Lee, region head Asia and member of the Swiss bank's global wealth management committee.
