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CAPITAL MARKETS

India’s Gift City: The right financial hub in the wrong place

India’s first international financial services centre was created by premier Narendra Modi in 2008. Today, Gift City is a flourishing hub near Ahmedabad in the country’s arid northwest. K Rajaraman, chair of the International Financial Services Centres Authority, tells Euromoney why the zone is vital to India’s financial and economic aspirations.

Elliot Wilson, August 08, 2024

Opinion

DBS’s Piyush Gupta: The sage of Singapore heads for the exit

When Piyush Gupta was named chief executive of DBS in 2009, the Singapore lender was going nowhere in particular. He gave it drive and direction, buying assets around Asia and transforming it into the world’s best bank. A series of tech outages put him in the spotlight for the wrong reasons, but Gupta will leave DBS in March with his head held high and his legacy intact. His capable and charismatic successor Tan Su Shan, the first woman to run southeast Asia’s largest bank, has big shoes to fill.

August 08, 2024

Opinion

Can Bali become Asia’s next wealth-management hub?

Senior Indonesian officials have floated the idea of transforming the island paradise into a private-wealth hub to rival Hong Kong and Singapore. Jakarta certainly needs to do something to ensure that more of the wealth created onshore stays onshore.

August 06, 2024

Opinion

Mumbai: The more it changes, the more it stays the same

New highways, bridges and tunnels make travelling in Mumbai easier than it has been in decades. A new metro line is set to open in late 2024, but the city can still be gruelling to navigate. If it wants to be a global financial hub, there is still so much more to do.

Elliot Wilson, August 05, 2024

Treasury

Treasurers take a strategic seat in Asia amid the shifting landscape

As multinationals navigate the complexities of developing Asian businesses – amid supply-chain reconfigurations, the rise of sustainable financing and the penetration of e-commerce – treasurers are playing a bigger role in strategic decision-making.

Larissa Ku, August 05, 2024

CAPITAL MARKETS

BNP Paribas-Axa IM: Bonnafé’s biggest acquisition won’t be a hasty move

Buying Axa IM would be BNP Paribas chief executive Jean-Laurent Bonnafé’s biggest acquisition. It has been a long time in the making.

Dominic O’Neill, August 02, 2024

BANKING

Cerberus goes ahead with foray into Polish banking

Alongside UniCredit’s recent acquisition of Polish financial technology company Vodeno, the US private equity takeover of VeloBank is another sign of renewed optimism in Poland.

Dominic O’Neill, August 01, 2024

Foreign Exchange

Trump pumps the crypto crowd

The spike in bitcoin after the shooting at a Donald Trump election rally was a reminder that for all the claims of increased maturity, the world’s largest cryptocurrency remains unpredictable.

Paul Golden, August 01, 2024

Opinion

Revolut’s UK banking licence comes amid exponential growth

Revolut is strongly profitable while growing fast, diversifying revenues and finally being admitted to the banking club. Watch out.

Peter Lee, July 31, 2024

Treasury

Treasurers can profit from playing spot and forward FX rates

After years of being off the table due to historically low interest rates, treasurers can now realistically look to profit from rate differentials between currencies.

Paul Golden, July 31, 2024

Opinion

Intesa-UBI is a poor model for BBVA and Sabadell

The role of Mediobanca adds to the similarities between BBVA’s hostile bid for Banco Sabadell and Intesa Sanpaolo’s takeover of UBI Banca in 2020. But there are stark differences of institutional character, politics and timing.

Dominic O’Neill, July 31, 2024

BANKING

ING hires in investment banking and transaction services

Wholesale banking head Andrew Bester explains the renowned retail bank’s ambition to win new revenues building on its expertise in sustainable finance.

Peter Lee, July 30, 2024

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