finews.asia: Top stories

ZA Bank Halves Losses in the First Half: In the first six months of this year, ZA Bank has halved its losses. It also became the first virtual lender in Hong Kong to record a monthly profit. #ZABank #financialresults

Crypto Finance Sells AM Unit to Singapore Firm: Switzerland’s Crypto Finance has sold its asset management arm to a Singapore-based digital asset platform. #CryptoFinance #Matrixport

GMO Hires Ex-GSAM Executive in Singapore: Boston-headquartered Grantham, Mayo, Van Otterloo has hired a former Goldman Sachs Asset Management executive in Singapore. #GMO #assetmanagement

UBS Forecasts Slightly Higher Probability of Harris Win: UBS has placed a slightly higher chance of a victory in the US election by Kamala Harris over Donald Trump. This could lead to a status quo for the economic and market outlook. #UBS #DonaldTrump

Gabriele La Monica: «Andrea Orcel Will Succeed»: The Germans, and to some extent the French, have long been accustomed to seeing Italy as a sort of discount store where they can purchase attractive brands at low prices. However, according to financial journalist Gabriele La Monica in an interview with finews.com, things have changed, especially with the recent push by Italian banking giant Unicredit into Germany. #andreaorcel #unicredit

Vivien Jain: «Digital Transformation is Not an Option, But An Obligation»: Digital transformation in wealth management isn't merely about technology – it's about being fit for the future. According to Vivien Jain in her article for finews.first, the challenge lies in bridging the gap between tradition and modernity. #vivienjain #aquila

Foord AM Appoints Client Portfolio Manager in Singapore: Foord Asset Management appointed a new Client Portfolio Manager in Singapore. #foord #DalphinHou

Citi Consolidates Physical Footprint in Singapore: Citibank will close its last branch in Singapore as part of a broader shift in its client servicing model. #Citibank #wealthmanagement

WRISE Appoints Board Members for MidEast Unit: Singapore-based WRISE has announced the appointment of three new board members for its Middle East unit. #WRISE #multifamilyoffice

HSBC Exits South Africa: London-based HSBC’s Asia pivot continues with the latest exit from its South Africa business. #HSBC #FirstRandBank