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Business Moves

Otkritie Capital to open in Hong Kong
Senior management at the Russian investment bank outline plans for opening their first Asia-Pacific office in the second half of the year. Sberbank, however, maintains focus on Europe.
By Nick Lord
10 February 2012
Citi streamlines upper management in Asia
Rodrigo Zorrilla has been appointed chief operating officer, while Anthony Nappi becomes chief administrative officer and Michael Zink will lead the Asean business.
By Lara Wozniak
9 February 2012
Citi ups the credit in China
Citi wins approval to launch credit cards in China under its own bank brand.
By Lara Wozniak
7 February 2012
Business Moves
Size matters when markets are down, says Bo Le/Global Sage alliance
Bo Le Associates takes an equity stake in Global Sage to create the biggest Asia-based executive search firm with global ambitions.
By Rupert Walker | 6 February 2012
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
Business Moves
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 ...
By Anette Jönsson | 1 February 2012
Business Moves
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
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