{
}
UBS Group AG is considering a partial divestment of its asset management division, particularly its Swiss real estate assets, which could be valued at under $1 billion. This move follows a recent restructuring aimed at enhancing profitability and streamlining operations post-Credit Suisse acquisition. UBS aims to achieve significant cost reductions and has already made substantial progress in integrating its businesses.
UBS Group AG is considering a partial divestment of its asset management division, specifically its Swiss real estate assets, which could be valued at under $1 billion. This move follows a recent restructuring aimed at enhancing profitability and streamlining operations after the acquisition of Credit Suisse. The bank's asset management division, contributing 6.5% to total revenues, is being refocused to align with its growth ambitions in real assets.
Creative Technology has laid off about 40 employees, or 14% of its workforce, impacting various departments including sales and marketing. Despite a net sales increase of 18% to US$37.4 million, the company reported a net loss of US$6.1 million for the first half of its fiscal year. Creative is also in search of a new CEO following the retirement of Song Siow Hui.
The payments landscape in Southeast Asia is evolving rapidly, driven by technological advancements and changing consumer behaviors. Key insights reveal trends in digital payment adoption, the rise of e-commerce, and the increasing importance of security and regulatory compliance in financial transactions. As the region continues to innovate, businesses must adapt to stay competitive.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
BetterX, a B2B digital asset platform, has secured S$2 million (US$1.5 million) in a pre-series A funding round, with participation from existing investors and new backers like Grand Prix Capital and Aument Capital. The company, which is profitable in Australia, aims to use the funds for expansion in Asia and is also exploring opportunities in the Middle East and the United States, offering solutions for security, custody, and compliance related to digital assets.
BetterX, a B2B digital asset platform, has secured S$2 million (US$1.5 million) in a pre-series A funding round, with participation from existing investors and new backers like Grand Prix Capital and Aument Capital. The company, which is profitable in Australia, aims to use the funds for expansion in Asia and is also exploring opportunities in the Middle East and the United States, offering solutions for security, custody, and compliance related to digital assets.
Peak XV, spun off from Sequoia Capital in June 2023, faces scrutiny after senior leaders departed and fund sizes were cut. Despite this, many executives left to pursue new ventures with Peak XV's support, indicating amicable exits. The firm is shifting focus to the US and investing in companies targeting global markets, particularly in AI, while scaling back in Southeast Asia.
Peak XV, spun off from Sequoia Capital in June 2023, faces scrutiny after senior leaders exited and fund sizes were cut. Despite this, many departing executives received funding from the firm, suggesting amicable departures. The VC is now focusing on the US market and investing in companies targeting global markets, particularly in AI.
UBS CEO Sergio Ermotti's salary for 2023 is CHF 14.4 million, drawing significant criticism and calls for transparency and a cap on bonuses. The UBS Remuneration Committee, composed of international members with limited ties to Switzerland, is under scrutiny as it decides on executive compensation amidst growing public and political pressure for reform.
SGP
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs group plans partial divestiture of asset management division focused on real estate
United States Dollar
Barclays PLC
UBS Group AG
HSBC HOLDINGS
HKG
DEU
AUT
LUX
GBR
CHE
JPN
SGP
Todd Tuckner
Show more
16:43 17.03.2025
ubs group plans partial divestment of asset management division focused on real estate
United States Dollar
UBS Group AG
Credit Suisse Strategic Income I
HKG
CHE
JPN
SGP
LUX
Todd Tuckner
Show more
16:43 17.03.2025
creative technology lays off 14 percent of workforce amid financial struggles
15:02 17.03.2025
insights into the evolving payments landscape in southeast asia
05:15 17.03.2025
southeast asia's evolving payments landscape opportunities and challenges for merchants
Indonesian Rupiah
Vietnamese Đồng
United States Dollar
Thai Baht
Singapore Dollar
VNM
SGP
THA
IDN
Agnes Chua
Show more
03:00 17.03.2025
BetterX secures 1.5 million dollars in pre-series A funding round
United States Dollar
Scalare Partners Holdings Limited
Wholesale Investor UK
USA
AUS
SGP
Riaz Mehta
Kinsey Cotton Kelly
Sabrina Tachdjian
Show more
02:00 17.03.2025
betterX secures 1.5 million dollars in pre-series A funding round
United States Dollar
Wholesale Investor UK
Scalare Partners Holdings Limited
SGP
AUS
USA
Riaz Mehta
Sabrina Tachdjian
Kinsey Cotton Kelly
Show more
02:00 17.03.2025
peak xv shifts strategy amid leadership changes and regional investment cuts
10:30 16.03.2025
peak xv shifts strategy amid leadership changes and regional investment cuts
10:30 16.03.2025
UBS committee faces scrutiny over Sergio Ermotti's controversial salary decision
Swiss Franc
CHN
USA
SGP
Sergio Ermotti
Fred Hu
Thierry Burkart
Jeanette Wong
Colm Kelleher
Julie Richardson
Ron DeSantis
Show more
01:37 16.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Industry Mergers & Acquisitions
CEO Changes
Domestic Politics
Market Analysis and Predictions
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Berkshire Hathaway Inc.
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
Bank Frick AG
Morgan Stanley
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Citigroup Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
Japanese Yen
British Pound Sterling
Indian Rupee
Chinese Yuan
South Korean Won
Canadian Dollar
Vietnamese Đồng
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: