Francisco Fernandez, chairman of Swiss banking IT firm Avaloq, won’t go idle, despite having relinquished his operative responsibilities
"The world has moved too much to 'new' and 'old'" categorisations, says Joshua Crabb, head of Asian equities at Old Mutual Global Investors in Hong Kong.
Francisco Fernandez, who also founded the Switzerland-based firm, has handed over the CEO job and is looking east to the ‘innovative companies’ in China’s financial sector
It offers easy, secure, and convenient online services to the foreign works who do not have access to online banking or credit cards
Reports are, however, not widespread, and it remains unclear as to why certain users seem to have been targeted.
In September, the Financial Services Commission in Seoul announced initial coin offerings, or ICOs, were to be banned, saying trading of virtual currencies needed to be tightly controlled.