The UBS has formed a new unit called the “Executive Client Group” consisting of nine bankers who will be responsible for managing the bank’s most important corporate clients worldwide and negotiating directly with company executives. The unit will be led by Ros L’Esperance and will report directly to Rob Karofsky, the head of UBS Investment […]
Daiwa Securities has partnered with Progmat to develop a solution for issuing tokenized bonds, marking a significant step in modernizing the bond market. The collaboration involves the use of R3’s Corda blockchain technology and the participation of SBI R3. Daiwa’s solution aims to automate the manual process of bond issuance, which typically involves investor contact […]
Julius Bär, a Swiss private bank, is experiencing a decline in its stock value, which is causing concern among investors. The bank’s involvement in risky loans, particularly a CHF 606 million loan to a European conglomerate, has raised eyebrows. Experts believe that the stock’s continuous decline reflects the shock investors felt when they learned that […]
Fisch Asset Management, a Zurich-based wealth management firm, has appointed Ivan Nikolov as the second leader of its convertible bond team. Starting in early 2024, Nikolov will co-lead the team alongside Thomas Fischli Rutz. The team consists of five portfolio managers and manages a total of five strategies across the entire spectrum of convertible bonds […]
Japanese financial services firm SBI Holdings and Saudi Arabian state-owned oil company Saudi Aramco have signed a memorandum of understanding (MoU) to explore collaboration in digital asset investment and semiconductor production projects. The agreement includes the establishment of SBI Middle East in Riyadh as a base for operations in the region.Under the MoU, SBI and […]
Swiss asset management boutique Arvy has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as a wealth manager. The founding team, who previously worked for a multi-family office, announced the news in an email. Arvy has also launched its flagship financial product, the Equity Strategy Fund. The company’s founders, Florian Jauch, […]
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. This investment is part of a $30 million Series B funding round for GFO-X, which aims to become a Financial Conduct Authority (FCA) regulated and centrally-cleared trading platform for […]
The Swiss bank Pictet has reached a settlement with the United States, agreeing to pay $123 million to resolve a long-standing tax dispute. This comes after years of legal battles between Swiss banks and the US over allegations of aiding American clients in evading taxes. Pictet’s agreement takes into account the bank’s efforts to review […]
El Salvador has introduced the “Adopting El Salvador Freedom Visa Program,” a citizenship-by-investment scheme aimed at attracting the crypto community. Under this program, individuals can obtain residency and potential citizenship in El Salvador by investing at least $1 million in either Bitcoin or Tether. The initiative is part of President Nayib Bukele’s plan to make […]
Liquidium, a startup in the lending sector of Bitcoin, has successfully raised $1.25 million in pre-seed funding. This funding round is a significant milestone for the company as it aims to pioneer a new lending framework using Bitcoin’s ordinal technology.The funding round received support from prominent investors such as Bitcoin Frontier Fund, Side Door Ventures, […]
