Hong Kong’s Securities and Futures Commission dropped a misconduct lawsuit against Standard Chartered and UBS over their roles in a 2009 IPO. But UBS and several other firms aren’t off the hook yet.
UBS launched a new operating platform for its private bank in Hong Kong and Singapore. Asia was the last major puzzle piece in the Swiss bank’s 1 billion Swiss franc infrastructure project.
Credit Suisse’s head of investment banking in Australia and New Zealand is leaving the Swiss bank suddenly. The former UBS veteran had been with Credit Suisse less than two years.
SINGAPORE – Following the Monetary Authority of Singapore’s (MAS) comments on a probe involving the Guernsey and Singapore offices of Standard Chartered Bank, the bank said it is working closely with regulators.
HONG KONG (REUTERS) – Citigroup Inc is considering setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks, to boost its share of the business in Asia, said the head of its regional equities unit.
Deutsche Bank has hired Alex Prout as the new head of its regional asset management business in Asia, according to reports in Reuters.
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