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Business Moves

Samsung Securities says HK headcount to be more than halved
The Korean brokerage firm confirms layoffs, but refers to the exercise as a realignment of its business rather than a reversal of its Asian strategy.
By Anette Jönsson
2 February 2012
Samsung Securities pulls plug on international expansion
Little more than two years after launching an ambitious expansion plan outside Korea, Samsung Securities told employees yesterday that it will refocus its attention on its home market.
By Anette Jönsson
1 February 2012
RBS: A sale or are more cuts in Asia imminent?
RBS is cutting 3,500 jobs at its investment bank — how many will be in Asia? Or will there be a sale first?
By Lara Wozniak
13 January 2012
Business Moves
Bank of America Merrill Lynch cuts Asia MDs
Michael Cho, and at least 14 other MDs from Asia, are leaving the firm as part of market-place driven cuts.
By Lara Wozniak | 11 January 2012
Business Moves
King & Wood to create legal alliance with Mallesons
China’s investment into Australia is extending into legal services as the countries’ two biggest law firms agree to join forces.
By Nick Ferguson | 19 December 2011
Business Moves
Credit Suisse exits Taiwan fixed income
The Swiss bank is closing its Taiwan bank branch as it restructures the fixed income business worldwide.
By Nick Ferguson | 18 November 2011
Business Moves
UBS solves leadership puzzle
Sergio Ermotti is formally anointed group CEO of UBS, while Axel Weber's appointment to chairman of the board is accelerated.
By Sameera Anand | 16 November 2011
Business Moves
UBS loses India CEO
UBS India CEO Manisha Girotra resigns at a time when the investment banking units at both UBS and rival firm, Credit Suisse, are being restructured.
By Sameera Anand | 15 November 2011
Business Moves
Bankers' salaries under pressure in Hong Kong
Recruitment firm Astbury Marsden says bankers will have to moderate their expectations as the industry braces for tough times.
By Nick Ferguson | 6 October 2011
Business Moves
Head rolls at UBS
Oswald Grübel takes responsibility for the $2.3 billion trading loss at UBS and resigns as group CEO. He is replaced, on an interim basis, by Sergio Ermotti who joined UBS ...
By Sameera Anand | 26 September 2011
Business Moves
Barclays confirms nine senior equities hires for Seoul office
Barclays Capital announces the capture of Korea equities sales, trading and research teams from Deutsche Bank, as it broadens its regional platform.
By Rupert Walker | 23 September 2011
Business Moves
Standard Chartered buys Gryphon
Standard Chartered buys boutique firm Gryphon Partners to strengthen its advisory capabilities in the mining sector in Australia and Canada.
By Sameera Anand | 6 September 2011
Business Moves
AI and FA bind together for rugby sponsorship deal
The two finance titles add to Haymarket Media’s sporting heritage by signing a shirt sponsorship deal with SCAA Causeway Bay rugby club in Hong Kong.
By Leigh Powell | 2 September 2011
Business Moves
Market applauds HKEx's joint venture plan
The Hong Kong stock exchange is in talks to create a joint venture with Shanghai and Shenzhen.
By Lillian Liu | 19 August 2011
Business Moves
Kirkland & Ellis boosts HK office with multiple partner hires
Chicago-based law firm Kirkland & Ellis poaches top partners from Skadden Arps, Latham & Watkins and Allen & Overy.
By Nick Ferguson | 11 August 2011
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