Chief Financial Correspondent, Italy, Milan
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Apr 22, 2015

China to promote yuan by relaxing investment scheme rules –sources

HONG KONG (Reuters) – China is set to enhance the convertibility of its yuan currency by allowing capital to be taken out on a daily basis from the largest investment scheme open to foreign investors, people with knowledge of the plans told Reuters.

This could strengthen the global standing of the yuan and support Beijing’s push to have it included in the International Monetary Fund’s basket of reserve currencies, alongside the dollar, euro, yen and pound.

Apr 21, 2015

UBS targets 15 percent asset growth in Asia-Pacific: Zeltner

HONG KONG (Reuters) – Swiss bank UBS is looking to grow wealth assets in Asia-Pacific to the tune of 15 percent annually as it builds its presence in China and consolidates its leading position in the region.

With 269 billion Swiss francs ($280.4 billion) of invested assets, UBS ranks as the biggest wealth manager in Asia-Pacific. Last year, it attracted nearly 27 billion Swiss francs of net new assets in Asia, confirming it as the fastest-growing region for a wealth management business in which it is the global leader.

Apr 21, 2015

UBS targets 15 pct asset growth in Asia-Pacific-Zeltner

HONG KONG, April 21 (Reuters) – Swiss bank UBS is
looking to grow wealth assets in Asia-Pacific to the tune of 15
percent annually as it builds its presence in China and
consolidates its leading position in the region.

With 269 billion Swiss francs ($280.4 billion) of invested
assets, UBS ranks as the biggest wealth manager in Asia-Pacific.
Last year, it attracted nearly 27 billion Swiss francs of net
new assets in Asia, confirming it as the fastest-growing region
for a wealth management business in which it is the global
leader.

Mar 26, 2015

Outbound Chinese buyers confounding the doubters

HONG KONG, March 27 (Reuters) – ChemChina, which could soon
face the task of integrating Italian tyre-maker Pirelli
after its $7.7 billion bid, can take heart in the
knowledge that Chinese buyers have made a decent fist of growing
global brands in recent years.

Backed by cheap funding and a huge home market, an army of
mostly state-owned Chinese companies has marched beyond its
borders, snapping up assets in a decade-long $391 billion
shopping spree.

Mar 12, 2015

New Credit Suisse boss faces stiff challenge in Asia

HONG KONG/LONDON (Reuters) – Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential.

Thiam could slash 3,000 jobs from Credit Suisse’s investment bank, or 15 percent of staff globally, and cut 150 billion Swiss francs ($149 billion) of assets from the bank’s fixed income, commodities and currencies business as part of that shift, analysts at JPMorgan said.

Mar 10, 2015

Credit Suisse to replace long-standing CEO Dougan: sources

ZURICH/HONG KONG (Reuters) – Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters.

Thiam, a former Ivory Coast government minister who has led Prudential since 2007, will become one of the few top insurance executives to transition into banking when he takes charge of Zurich-based Credit Suisse, a global lender reeling from U.S. penalties and under increasing regulatory scrutiny.

Feb 9, 2015
Feb 9, 2015
Feb 7, 2015
    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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