Press

9 April 2018

Deutsche Bank ousts John Cryan and names Christian Sewing as chief

Published by Financial Times – 9th April 2018

Deutsche Bank’s supervisory board has named Christian Sewing as the German lender’s new chief executive, ousting John Cryan two years before his contract runs out after a spat with chairman Paul Achleitner that has thrown Germany’s largest lender into turmoil.

Mr Sewing, currently co-head of the bank’s retail division, will take on the job with immediate effect, the bank said in a statement published late on Sunday.

9 April 2018

Falcon 1MBD Recovery Hits Snag

Published by Finews Asia – 9th April 2018

Falcon has suffered a setback in its recovery from the 1MDB scandal: the private bank is losing several long-standing top executives as well as the banker who turned out the lights in Singapore.

Four high-ranking executives are leaving the Zurich-based private bank, a source at the company told finews.asia. Finance chief Urs Zgraggen, technology chief Mathias Studach, trading head Ivo Sauter, and operating chief of risk and compliance Christian Schulthess have elected to leave Falcon, the person said.

9 April 2018

Julius Baer resumes Asian expansion with two huge hires in Singapore

Published by eFinancialCareers.com – 22nd March 2018

Julius Baer may not be hiring quite as aggressively as in 2016, but it is still growing its front-office headcount in Singapore this year.

In the past few weeks it has taken on DBS banker Laurent Chevalley as a managing director and senior advisor, and recruited Winston Teo from Bank of Singapore as Southeast Asia team head, according to their public profiles.

9 April 2018

EFG names CS veteran banker as next board member

Published by Asian Private Banker – 6^th April 2018

EFG has named Credit Suisse’s former APAC Vice Chairman as a candidate for its board of directors, according to media release from the bank on Friday.

5 April 2018

Fidessa approached by two parties about possible bids to rival Tenemos

Published by Proactive Investors – 3rd April 2018

Fidessa PLC (LON:FDSA) has been approached by two separate parties about possible takeover offers to rival the £1.4bn bid received from Swiss banking software company Temenos AG.

One of the potential offers would see Fidessa shareholders receive £38.297 per share in cash and dividends, representing a 5% premium to the Tenemos bid.

5 April 2018

Chinese Firm Wraps Up Liechtenstein Bank

Published by Finews Asia – 5th April 2018

A Chinese finance firm has wrapped up a deal to buy a private bank in Liechtenstein. It is the most recent of a spate of Chinese deals in Europe’s finance hubs. What is the attraction?

Hong Kong’s Mason Group has cemented its purchase of Raiffeisen Private Bank in Liechtenstein, the two banks said in a statement. The Vaduz-based private bank’s assets stood at more than one billion Swiss francs ($1.04 billion) in October, when the deal was first disclosed.

5 April 2018

EXCLUSIVE: US Private Bank Appoints Indonesia-Focused Senior Figure

Published by Wealth Briefing Asia – 5th April 2018

This publication can exclusively report on a senior hire in the market for Indonesia. Citi Private Bank has appointed Simon Kastono as global market manager for Indonesia, taking up the role from 2 April this year, this publication can reveal.

4 April 2018

Senior HSBC Figure Returns For International, NRI Role

Published by Wealth Briefing Asia – 3rd April 2018

HSBC Private Banking has brought back a senior figure, Sundar Ramani, to be its international and non-resident Indian market head, based out of Singapore. The position is newly-created.

4 April 2018

UBS Wins Asian Heavyweight

Published by finews.asia – 3rd Apr 2018

UBS said it is appointing a well-known Asia rainmaker to its board. The move underscores the Swiss bank’s ambition to deepen ties with the region’s wealthy and powerful.

4 April 2018