Jin Yee News Today

Young Jin Yee quit her last job after less than six months to take on one of the hardest tasks in private banking: combining the Asia operations of UBS Group AG and Credit Suisse.

Billianre wealth in Singapore grew by almost a third over the past year, rising 31.2 per cent to US$135.8 billion (S$181 billion) in 2023, from US$103.5 billion in 2022. Data from the UBS Billionaires Ambitions Report 2023 released Thursday (Nov 30) indicated that there were 41 billionaires in the city state in 2023, up from 34 in 2022. Out of...

UBS plans to rebuild its team in India after the acquisition of Credit Suisse, adding at least seven relationship managers.

UBS is aiming to create more products to compete for managing the wealth of rich Indians. The bank plans to add at least seven relationship managers to bring its total advisory strength in India to around 25. UBS is also employing two senior executives from rival firms in portfolio management services, who develop India-specific products.

UBS Group AG plans to reorganize its team in India as it sets up to create more products to compete for managing the wealth of...

Talent outflows persist at Credit Suisse, this time with the exit of its Singapore chief. A successor internally has been selected.

The surprise departure of the head of Credit Suisse in Singapore is a worrying sign that the major Swiss bank is facing an exodus almost everywhere in the world. This makes turning the troubled lender around all the more difficult, as an analysis by finews.com shows.

The investment bank wants to pay some staff compensation in instalments as it seeks to overhaul the business that has been plagued by scandal and losses.

A requirement that private bankers verify most of their clients’ sources of wealth was eased near the end of last year, while third-party transactions are no longer subject to executive approvals, according to people familiar with the matter.

Young Jin Yee tendered her resignation last week. Read more at straitstimes.com.