J.P. Morgan’s private bank was sanctioned for its involvement in a billion-dollar corruption scandal at Malaysian sovereign wealth fund 1MDB. The American bank will get an on-site monitor as a result.
UBS wealth management boss Juerg Zeltner will leave the bank. The veteran of the Swiss bank is being replaced by a recent hire in Switzerland. The move sparks further changes in Zurich-based firm’s top echelon.
EFG International announced that it has completed the migration of all former BSI businesses onto EFG’s technology platform
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