Ramin Toloui started in Pimco’s Singapore office on Jan. 5, having relocated from the company’s headquarters in Newport Beach, California. The company boosted its Asia-Pacific headcount by 20 percent last year to 140 employees, according to a
In his new role, Graham will be responsible for the client-facing aspect of the prime brokerage business, including sales, capital introductions, consulting and client service.
Ms. Jingbo Wang, Co-founder, Chairwoman of the board of directors and Chief Executive Officer, commented, "Mr. Tsai brings more than 20 years of extensive experience in the finance industry, having previously served in such leadership positions as th
Nomura, in common with investment banks around the world, has struggled with yo-yoing stock and bond prices, poor merger prospects and tightening regulation in the wake of the global financial crisis.
Bank of America is cutting about 15 managing directors from its investment bank in Asia, according to a person with knowledge of the reductions. Sluggish demand for new debt and equity helped lower third-quarter investment banking fees by 31 percent.
Paul Venables, Hays’ finance director, said that banking recruitment – usually an important source of revenue for Hays and peers such as Michael Page and SThree – had been waning all over the world, with a significant slowdown in Asia to
"That sounds like carnage," said Richard Broadhurst, who runs Hong Kong-based Initiative Recruitment.
The departure of Cho, a 15-year Merrill Lynch & Co. veteran who had been promoted to Asia mergers head in May 2009, was among the most prominent in a recent round of reductions, said the person, who declined to be identified because the departure was
His role will be to work with senior UBS management in Asia to provide guidance and analysis on policy, regulatory and political trends in the region that will affect the bank’s decisions across Asia-Pacific.