The virtue of private capital is that it can withstand short-term volatility in valuations of assets held for the long term – and now is the time to prove that. Investors may already be eagerly hunting bargains amid the carnage in the coronavirus bear market. One large and powerful group of investors, with plenty of…
One of the most important factors of managing and growing a business through a crisis is a community to brainstorm with, learn from, and challenge you. Other founders will understand the challenges and may be able to share ideas that have worked for them. Here, we have compiled a summary of some key take-aways and…
Goldman Sachs Group Inc. plans to start offering wealth management services in Japan, a person with knowledge of the matter has said. The U.S. bank will target high net worth individuals through its asset management unit, the person said, asking not to be identified because the plans are private. It has already started hiring private…
BoM, SBI only PSBs rated ‘good’ in digital transactions in December: Government data. Mumbai: Bank of Maharashtra and State Bank of India are the only two state-run banks that showed ‘good’ performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed. The score for an individual…
Wealth management in Japan is a totally different story to anywhere else in the world. In most of Asia it is about rising youth, an emerging middle class and the technology required to serve them. In Japan, it’s nothing like that. Daiwa president and chief executive Seiji Nakata shows Euromoney a chart revealing the segmentation…
The US Securities and Exchange Commission has granted a three-year extension to the MiFID II relief period for American firms. The SEC will allow US brokers to continue bundling execution and research payments for another three years. In October of 2017, the SEC published a ‘no-action letter’, stating that American firms did not need to…
Managers of $350 Billion Survive Nordea’s Cuts as Wealth Thrives As regular bankers at Nordea Bank Abp brace for yet another round of cuts, those lucky enough to be working in wealth management face a very different future. The head of Nordea’s wealth unit, Snorre Storset, says a plan to cut jobs across the organization won’t affect…
Bank J. Safra Sarasin signs on as Davis Cup finals sponsor Bank J. Safra Sarasin has been unveiled as an official partner and the official private bank of the finals stage of this year’s Davis Cup men’s national team tennis tournament. The Swiss-based bank’s agreement with the International Tennis Federation and Kosmos Tennis also names…
Julius Baer’s European Build-Out And Its UK Ambitions This publication recently sat down with the head of Julius Baer’s business in the UK and Ireland. One of Switzerland’s largest banks has been spending to build teams in the UK and Portugal and working on other European markets in ways that it hopes will bear fruit…
UBS Dubai Wealth Management Head Resigns Swiss bank UBS has lost its head of wealth management and its senior executive officer for its Dubai branch. The veteran banker resigns after two years in the job, finews.asia can reveal. Cedric Lizin resigned from his position earlier this week, after two years with the bank. Swiss bank…
