01/13/2012

Pimco Moves Emerging Markets Head to Asia as Region Grows

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

01/13/2012

UTI Mutual Fund appoints exec as interim CEO

The company has been without a chairman and MD since February 2010. It is learnt that an announcement would be made soon. The company's board is in Delhi for the purpose.

01/13/2012

Noah Holdings Limited Appoints New Chief Operating Officer

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

01/13/2012

ANZ to slash hundreds of jobs

One source within the bank placed the figure closer to 1000, "although the specific numbers could be slightly higher or lower".

01/12/2012

Most senior foreign exec quits Japan's Nomura

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.

01/12/2012

BofA taps head of Asia

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.

01/11/2012

Bank hiring drops in Asia, says Hays

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

01/10/2012

BofA said to dismiss Asia mergers team co-head

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

01/10/2012

Reed Smith suffers exodus of 50 staff in Hong Kong

HWB was established by three of Reed Smith Richards Butler’s founding partners - Chris Howse, Chris Williams and Kevin Bowers (20 December 2011) - and has been in operation since 1 January 2012.

01/09/2012

Deutsche, Morgan Stanley Cut Australian Staff

At least five employees of Deutsche Bank’s institutional client group and less than 10 from Morgan Stanley’s institutional equities division in Australia were cut Monday.