Finews.asia

finews.asia, based in Singapore, stands out as the top news source for finance professionals across Asia. The website provides up-to-the-minute news related to the financial sector, including breaking updates, in-depth articles, industry changes, expert opinions, and the newest trends and individuals making waves in the field.

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UBS: China C-Suite Executives Predict US Tariffs

4 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.
NextGen HNWIs: Redefining the Future of Wealth Management

4 days ago | finews.asia | Claude Baumann

NextGen HNWIs: Redefining the Future of Wealth ManagementA historic generational shift is on the horizon, accompanied by an unprecedented transfer of wealth amounting to over 80 trillion dollars. But the heirs of tomorrow – the High-Net-Worth Individuals of Generations X, Y, and Z – think differently: They are looking for more than just returns. They expect meaning, service, and smart technologies. The financial world stands at a turning point.
Julius Baer Chair Promises Return to Pure-Play Roots

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.
HSBC Appoints Group Head of Internal Audit

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.
Legal Complaint Filed Over Swiss Delay in CS AT1 Case

5 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.
RBC Hires Half a Dozen Greater China Private Bankers

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.
StanChart Nets Ex-HSBC Data Expert

6 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.
HSBC to Exit US Business Banking

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.
Natixis Relocates Investment Banker to Hong Kong

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.
Julius Baer Names Successors to ASEAN Private Banker

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.