PEOPLE MOVES: UBS, J Safra Sarasin, HSBC
Swiss bank hires CEO from ING Group, while rival names Asia chief executive
UBS
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PEOPLE MOVES: Foster Denovo, UBS, Ardan International
C-suite changes at both financial advisory and Swiss wealth management firms
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UBS investigated in Italy over €6m fraud
It acted as an intermediary for a Milan-based wealth firm that conned 117 clients
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Dynamic Planner expands decumulation comparison risk labels
UBS and JP Morgan among first to have retirement portfolios scrutinised
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UBS Global Wealth Management starts cutting jobs
With as many as 500 employees across management levels leaving the Swiss firm
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UBS restructures global wealth management arm
And divides Emea into three ‘distinct business units’
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PEOPLE MOVES: Singlife, Deutsche Bank WM, UBS
Deputy CEO hired at Singapore insurer, as German wealth manager targets UK family office growth
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Julius Baer sets aside CHF153m for East German legacy case
Private bank will appeal to the Swiss Federal Supreme Court
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Wealth of Asian billionaires drops sharply
Total assets of Apac’s super-rich fell 8% to $2.5trn
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Swiss bank fined HK$400m for overcharging on fees
Some 5,000 client accounts in its Hong Kong wealth arm were affected
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Asia wealth unit boosts UBS earnings
Strong Asia Pacific inflows helped offset investment bank losses
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Is it the end of Swiss secrecy?
Recent court case between France and UBS could jeopardise the country’s famous privacy laws