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PEOPLE MOVES: UBS, Manulife, BDO

By: International Investment Staff | 11 Aug 2017

UBS UBS is re-hiring David Chin to head up its Asia Pacific corporate client solutions business, which includes its investment banking operations. The appointment, which has been…

HSBC plans Saudi expansion

By: Gary Robinson | 09 Aug 2017

HSBC is planning to add staff to its Saudi Arabian operations to cope with additional demand for its services, as the kingdom’s economic transformations take shape. The global…

Gulf rift puts Dubai financial hub ‘at risk’: StanChart CEO

By: Gary Robinson | 08 Aug 2017

Dubai’s global status as a financial centre is at risk, as a result of the trade boycott of Qatar by a Saudi Arabian-led bloc, which includes the United Arab…

Italian tax police demand details on 10,000 Swiss bank accounts

By: Eugene Costello | 21 Jul 2017

Italy’s tax authorities are pressing their Swiss counterparts for details relating to some $8bn held in 10,000 bank accounts by Italian citizens. Switzerland’s Federal Tax Administration is…

Credit Suisse targets Saudi Arabia for private banking push

By: Eugene Costello | 20 Jul 2017

Credit Suisse has announced a recruitment drive for private bankers – “relationship managers” – to support its expansion into Saudi Arabia for both its wealth management business…

DeVere’s Green slams banks’ ‘scandalous’ overseas charges

By: Gary Robinson | 18 Jul 2017

Traditional banks are “failing” holidaymakers, expats and internationally-mobile individuals, by charging “scandalous” overseas fees, according to Nigel Green, chief executive and founder of deVere Group. A new survey from…

HSBC Private Banking UK revamps international team

By: Eugene Costello | 07 Jul 2017

HSBC Private Banking has ramped up its offer for international clients in London, whether non-domiciled UK residents or overseas investors. Annerien Hurter joins HSBC as desk head,…

Deutsche Bank ‘to quit London over Brexodus’ with retreat to Frankfurt

By: Eugene Costello | 06 Jul 2017

Deutsche Bank is preparing to move vast parts of its London operation back to Frankfurt in response to the UK’s decision to part from the European Union…

HSBC gets long-awaited Chinese JV green light

By: Gary Robinson | 04 Jul 2017

HSBC has finally received the go-ahead for its investment banking joint venture from China’s securities regulator. After a period of approaching two years, the UK financial giant…

Goldman Sachs, RBS planning S Korea branch exits

By: Helen Burggraf | 19 Jun 2017

South Korea’s financial regulators last week approved plans by Goldman Sachs and the Royal Bank of Scotland to shut down their branch banking operations in South Korea,…

Indosuez WM in talks to acquire CIC’s Asia biz

By: Helen Burggraf | 16 Jun 2017

Indosuez Wealth Management, rebranded from Crédit Agricole Private Bank last year, has said that it has entered into “exclusive discussions” with Credit Industriel et Commercial  (CIC) to acquire CIC’s…

Singapore’s OCBC unveils new private banking biz in Indonesia

By: Helen Burggraf | 22 May 2017

The Oversea-Chinese Banking Corp, Singapore’s second largest lender, today unveiled a private banking business that will target wealthy individuals in Indonesia, as it continues to expand its operations across…

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