New owner tipped to keep most RBS Aussie bank staff

A memorandum of understanding was signed this week between CIMB, Malaysia's second biggest bank, and Royal Bank of Scotland to finalise terms to acquire the UK bank's investment banking platform in Asia.


ANZ boosts board

She is one of Australia's leading non-executive directors.


Royal Bank of Scotland to shut Australia fixed income trading desk

RBS, 82 per cent owned by the British government following a bailout in 2008, has already put its advisory and securities business in Australia on the block and further paring of its operations has been expected for some time. RBS currently employs 600 s


Zurich names new board appointments

Bedbrook is also non-executive director of CUA (Credit Union Australia Limited) and a director with the National Blood Authority.


CEO of Elaf Bank Departs

The Board appointed Mr. Sohail Niazi, the COO of Elaf Bank, to assume the role of acting CEO.


ANZ announces senior leadership appointments

The internal appointments, which are effective 1 March 2012, reflect the depth of talent in the combined Division and the organisational structure further reinforces ANZ’s super regional strategy.


World Bank chief says U.S. should lead some global bodies

The World Bank last week launched the nomination process to select a new president to succeed Zoellick when he steps down in June, inviting names from any of its 187 member countries. The Obama administration has said it would open the process to competit


HSBC boosts client services team in Singapore

Venkatakrishan joins HSBC from J.P. Morgan’s Treasury and Securities Services business in India, where he worked for over 14 years in a number of roles. Most recently, his role within J.P. Morgan was to lead the Client Service and Implementation tea