Wealth Management

IL&FS Investsmart Ltd. announces 3Q results

IL&FS Investsmart Ltd. announces 3Q results

IL&FS Investsmart Ltd., an Indian incorporated and 93.86-percent owned subsidiary company of HSBC Holdings plc, has reported a consolidated net loss...

Nomura sets up Islamic fund management firm in Malaysia

Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., announced on January 30 the establishment of Nomura Islamic...

Liquidity in global markets is possible to restore - Western Asset

Western Asset Management, the leading global fixed income manager wholly owned by Legg Mason, Inc., said it is difficult to forecast when the current...

Instinet becomes Australian Clearing member

Instinet Inc., a global leader in electronic trading and agency-only brokerage services, today announced that its Instinet Australia Clearing Services...

Nomura reports Q3 financial results

Nomura Holdings, Inc. reported on January 27 its consolidated financial results for the third quarter of the fiscal year ending March 31, 2009.

Nomura meets target dividend

Nomura Holdings Inc. today announced a third quarter dividend for the fiscal year ending March 31, 2009, of 8.5 yen per share, in line with its target...

ING to counter economic woes

ING announced January 26, 2009 that it is taking measures to counter the implications of the persistently challenging economic and market conditions...

ING appoints Hommen to replace Tilmant as CEO

ING, a global financial institution of Dutch origin, announced today that in light of the extraordinary developments over the past few months and...

Collins joins O'Melveny & Myers Singapore Investment Funds Practice

O’Melveny & Myers LLP announced on January 21 that Dean Collins, an experienced fund formation lawyer, has joined its Asia practice as a partner and a...

Chia appointed Vice Chairman of UBS in Asia

UBS announced today it has appointed Timothy Chia as Vice Chairman of UBS Investment Bank in Asia. Timothy Chia, Deputy Chairman and Group Chief...

Hong Kong Economics

Downgrading 2009 real GDP forecast to -3.8%:Amidst severe headwinds from the rest of the world, we now see a deeper recession for the Hong Kong...

Fraud set to rise as financial crisis deepens

The current financial turbulence and threat of a global recession will result in an increase in white collar crime as well as significant changes in...

Toshiharu Kojima appointed to lead UBS in Japan

Reflecting its ongoing commitment to Japan, UBS has appointed Toshiharu Kojima as Country Head Japan, and Chairman and Chief Executive Officer of UBS...

Investment Case

Policy traction over the past year has more resembled the pain and trauma of the medical treatment called traction, rather than the traction of a car...

Nomura expands non-Japan Asia banking team

Nomura, the pre-eminent global investment bank, announced the appointment of six senior bankers to its Non-Japan Asia investment banking team...

Singapore GDP tumbles

First take Singapore's GDP contracted 3.7 percent year-on-year in the fourth quarter, after a revised 0.2 percent contraction in the third. On an...

Outlook for investing in the US

Barack Obama's rhetoric during the transition period since his election has made it clear that his new administration will take an active approach to...