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Mar 7, 2024
Fidelity confirms 1,000 job cuts worldwide
Fidelity International plans to eliminate approximately 1,000 jobs worldwide, 9% of its workforce, in 2024 as part of a cost reduction...
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Mar 5, 2024
Korean financial firms boost board diversity with more female directors
Korean financial giants are actively diversifying their boards, aligning with government inclusivity initiatives. Woori Financial Group...
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Feb 29, 2024
Philippine life insurance association names new president
Richard S. Lim has been elected president of the Philippine Life Insurance Association, Inc. (PLIA) by its members, and officiated by...
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Feb 22, 2024
Mirae Asset names Ryan O'Connor as CEO of Global X
Mirae Asset Global Investments has appointed Ryan O'Connor, previously with Goldman Sachs, as CEO of its ETF subsidiary, Global X,...
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Feb 22, 2024
Investment bankers in HK earn significantly more than SG peers
Finance and tech professionals in Hong Kong outearn their counterparts in Singapore, according to a Bloomberg Intelligence report....
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Feb 19, 2024
Citi appoints Joy Cheng as new HK commercial banking head
Citi has named Joy Cheng, a seasoned professional with over 30 years at the bank, as the new head of its Commercial Bank (CCB) in Hong...
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Feb 15, 2024
Singapore’s middle managers fall short on compliance, study shows
A study by ethics and compliance advisory firm LRN revealed that Singapore’s middle managers lag in responding to compliance risks and...
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Feb 12, 2024
Survey reveals hiring hesitation among South Korean firms
A recent survey by Incruit revealed that South Korean conglomerates are increasingly hesitant to finalise or are reducing their hiring...
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Feb 12, 2024
Investment banking layoffs rise in Asia due to China challenges
Job cuts are anticipated to rise at Western investment banks in Asia due to increased revenue pressures and market instability in China,...
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Feb 9, 2024
China removes head of securities regulator
China has appointed Wu Qing as the new head of its securities regulator, replacing Yi Huiman amid efforts to stabilise the nation’s stock...
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Feb 8, 2024
Singapore’s GIC announces major leadership overhaul
Singapore’s sovereign wealth fund GIC announced a major leadership reshuffle, promoting Sam Kim to COO and Bryan Yeo to deputy group...
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Feb 7, 2024
Global banks in Asia cut jobs, slash salaries as deal drought continues
HSBC and Hang Seng Bank plan to freeze senior executive salaries amid economic concerns, while considering modest increases for other...
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Feb 6, 2024
Mark Leung steps down as JPMorgan China chief in 2024
Mark Leung, the China CEO of JPMorgan Chase & Co., is set to retire at the end of 2024 after a 25-year tenure with the bank. During his...
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Feb 6, 2024
Samsung chief Lee Jae-yong acquitted in controversial merger case
Samsung Electronics’ head Lee Jae-yong was acquitted by a South Korean court regarding allegations linked to a 2015 merger, according to...
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Feb 2, 2024
UBS to reduce jobs in Asia amid market challenges
UBS Group AG plans to cut approximately 90 jobs in its Asia private wealth and investment banking sectors by March, responding to the...
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Feb 1, 2024
Citigroup appoints Luke Lu as China country officer in strategic reshuffle
Citigroup has announced Luke Lu as the new country officer and head of banking for China, part of a global restructuring aimed at...
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Jan 30, 2024
UBS asset management head in China departs
Min Huang, the former head of asset management for Credit Suisse in Asia Pacific, is leaving UBS as the bank reviews its China business...
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Jan 22, 2024
OCBC appoints veteran banker Tan to lead China corporate banking
OCBC Bank has appointed Seth Tan as the new head of corporate banking for its China unit, succeeding Ang Eng Siong, who became OCBC...
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Jan 15, 2024
Pru Life UK names new Philippines CEO
Pru Life UK, a major player in the Philippines’ life insurance industry, has appointed Sanjay Chakrabarty as its new CEO, effective...