Country Award Winners: Day Two

Country Award Winners: Day Two

We are pleased to announce the winners of our annual Country Banking Achievement Awards. Day Two covers India, Indonesia, Korea, Malaysia, Mongolia, Pakistan and the Philippines.
UBS’s move in Australia runs counter to its Asia strategy of co-mingling private wealth and investment banking.
Appointment of co-heads to the investment banking division in Asia excluding Japan triggered by Matthew Westerman's imminent relocation to London.
We are pleased to announce the winners of our annual Country Awards for Achievement. Day One covers Bangladesh, mainland China and Hong Kong.
Chinese banks face a rising tide of NPLs during the next few years but the underlying financial structure is better equipped to manage them.
Articles of agreement have been finalised and a year-end start-up confirmed, but voting and veto rights of the China-led multilateral lender remain unclear.


How deep will job cuts run at investment banks this year?

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Banks have already right-sized themselves
Banks will continue to jettison the lowest performing 5%-10%
Downsizing will go well beyond the lowest performing 5%-10% to as much as 30%
Aggressive hiring and lower fees since 2010 require radical cuts
None of the above - we expect to increase our headcount this year


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