Jiang Guorong, a Chinese investment banking veteran, will help run the business after move from CICC.

The CEO of the China regional business is moving to another insurer.

China’s largest private investment company is expanding its insurance business globally and moving further towards the Berkshire Hathaway model.

Gulliver’s got guts. He’s slicing away the non-core HSBC businesses. The latest move: sell some of the general insurance units in Asia and Latin America for $914 million.

Managing director of Bank of Butterfield''s trust business in Asia moves to HSBC.

The move is part of a deal for Citi to sell consumer banking businesses in Malaysia, Thailand, Vietnam and Indonesia to UOB as it retreats from 14 markets in the space. Meanwhile, a major reorganisation at the bank has begun, including Asia leadership changes.

In a move that has been likened to that of Ant Financial, the Southeast Asian fintech group is busy raising the target amount and separating its business from its parent company, FinanceAsia has learnt.

The Japanese broker said the moves are intended to strengthen business across divisions and regions.

Jens Ruebbert moves from China COO role to head Vietnam business.