J.P. Morgan Appoints Former UBS Banker as Swiss Asset Management Head

U.S. financial giant, J.P. Morgan Asset Management (J.P. Morgan AM), has appointed a former UBS and HSBC banker, Laura Geiger-Pancera, as the new head of its asset management in Switzerland. She replaces Claude Kurzo, who was called to higher duties in London last year.From Zurich, Geiger-Pancera will report to Christoph Bergweiler, Head of Fund Continental […]

Bitwise Pledges 10% of Bitcoin ETF Profits to Support BTC Development

Bitwise Asset Management has made a commitment to donate 10% of its profits from the Bitwise Bitcoin ETF to non-profit organizations that support the open-source development of Bitcoin (BTC). The primary beneficiaries of these donations will be three non-profit organizations: Brink, OpenSats, and the Human Rights Foundation’s Bitcoin Development Fund.The announcement was made by Bitwise […]

Ethereum’s ‘Ultrasound Money’ Narrative: Overstated or Sustainable?

The term “ultrasound money” has been frequently used within the Ethereum (ETH) community, often to describe the network’s potential to become a deflationary asset with superior tokenomics to Bitcoin (BTC). This narrative has its supporters and detractors, with some arguing it is based on overly optimistic assumptions.A developer known as antiprosynthesis.eth has challenged the “ultrasound […]

Sandra Cafazzo Joins Zurich Invest Executive Team, Aims for Strategic Direction

Zurich Invest, a subsidiary of Zurich, has expanded its executive board with the addition of an experienced saleswoman. The new member, Sandra Cafazzo, brings with her an extensive network within the industry.Since the beginning of January, Cafazzo has been a member of the executive board at Zurich Invest. She is responsible for the strategic direction […]

CleanSpark to Boost Bitcoin Mining Capabilities with Bitmain S21 Purchase

United States-based Bitcoin miner, CleanSpark Inc., is preparing to significantly enhance its mining capabilities. The company has plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024. This strategic move is expected to increase CleanSpark’s hashrate from its current 10 exahashes per second (EH/s) to an impressive 50 EH/s over the […]

COP28 Sparks ESG Discussions Among Wealth Managers and UHNW Clients

The United Nations Climate Change Conference (COP28) has sparked optimism and positive momentum in the Middle East, particularly in the realm of sustainable finance. Germany and the UAE have led the way by pledging $100 million to the newly-announced Loss and Damage Fund, a move that was met with a standing ovation from conference delegates. […]

Banks Generate More Revenue from Financing Green Projects than Fossil Fuels for Second Consecutive Year

For the second consecutive year, banks worldwide have generated more revenue from financing environmentally friendly projects than from traditional fossil fuel businesses. In 2023, the largest banks globally saw their revenue from financing green projects surpass that from the traditionally dominant fossil fuel sector.According to Bloomberg, leading lenders generated around $3 billion from green loans […]

Financial Experts Share Insights and Opinions on finews.first

Marionna Wegenstein, in her article for finews.first, explores the importance of sustainable communication in the finance industry. She highlights that simply using nice words is not enough to convince others. To truly make an impact, one must communicate in a sustainable manner.This News Article was automatically generated by Bob the Bot (AI) Information Details Geography […]

LGT Wealth Management Appoints Siobhan Archer as Global Stewardship Lead

Siobhan Archer has been promoted to the position of global stewardship lead at LGT Wealth Management. In her new role, Archer will be responsible for overseeing the firm’s stewardship strategy, which includes activities such as voting, engagement, and policy advocacy. She will also provide strategic input on LGT’s net-zero, biodiversity, and human rights initiatives, and […]