Switzerland Begins Consultation on Anti-Money Laundering Act and to Enforce Mandatory Verification of UBO

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Switzerland Begins Consultation on Anti-Money Laundering Act and to Enforce Mandatory Verification of UBO The Federal Council (Switzerland) has initiated consultation on amendments to the...

UBS Asset Management Appoints New Head of Investments

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UBS Asset Management Appoints New Head of Investments UBS Asset Management has appointed Suni P. Harford as Head of Investments in July 2017. She will...

EFG to Implement Cost Cutting Measures

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EFG to Implement Cost Cutting Measures EFG International has lifted its cost cutting target for BSI from 185 million to 240 million Swiss francs annually....

Vontobel Reports 1st Half 2017 Results

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Vontobel Reports 1st Half 2017 Results Vontobel reports 1st half 2017 results with adjusted net profit rising by 7% to CHF 106.1 million while cost-income ratio...

Head of UBS Private Bank Switzerland Promoted

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Head of UBS Private Bank Switzerland Promoted The Head of UBS Private Bank Switzerland has been promoted to run a unit which tailors investment bank...

Julius Baer Reports Solid Performance for 2016

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Julius Baer Reports Solid Performance for 2016  Julius Baer has reported a solid performance for 2016. Assets Under Management grew by 12% to a record...

Standard Life and Aberdeen Asset Management Confirm Merger

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Standard Life and Aberdeen Asset Management Confirm Merger Standard Life and Aberdeen Asset Management has confirmed a £11 billion merger which could create one of...

Charismatic Capital Launches New $250 Million Debt Equity Fund

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Charismatic Capital Launches New $250 Million Debt Equity Fund Charismatic Capital has launched a new $250 million debt equity fund, an alternative asset class in...

Deutsche Bank Reports Net Loss of 1.9 Billion Euros

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Deutsche Bank Reports Net Loss of 1.9 Billion Euros Deutsche Bank reported a net loss of €1.9 billion for the fourth quarter of 2016 due...

Bank of Singapore Considers Setting Up Private Bank in UK

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Bank of Singapore Considers Setting Up Private Bank in UK Chief Executive Bahren Shaari said that Bank of Singapore is considering to set up a...