Tag: investment banking

Gaurav Gupta will join Macquarie from Nomura to head investment banking for India, a position that opened up when Varun Bajpai moved on to head a new Macquarie India fund ... Nomura makes senior appointments in India, hiring Nipun Goel to head investment banking and Nitin Jain to co-head fixed income. Paul Donofrio will lead Bank of America Merrill Lynch’s global corporate and investment banking operations. In Asia, Fred Hu and Tim Leissner are appointed to the IBS leadership group which will help strengthen client coverage for Goldman Sachs. Malaysia’s Securities Commission grants Goldman Sachs licenses for fund management and corporate finance. Nomura hires the former vice-chairman of Citi Australia Peter Meurer as chairman of investment banking in Australia. Raymond Yin joins from J.P. Morgan to run China investment banking together with Joe Xiang, who is promoted internally. Nomura strengthens its Asia-Pacific investment banking team by poaching Dan McNamara from Citi and creating three new senior positions in Australia for Ian Maxton, Ed de Salis ... Che-Ning Liu is expected to take up a position within HSBC's global banking division focusing on Greater China. Morgan Stanley's head of investment banking leaves after 14 years with the firm and will be replaced by Gokul Laroia and Kate Richdale. The focus on low-risk client and flow businesses results in a quarter-on-quarter turnaround of close to SFr10 billion in the investment banking division, allowing the bank to ... Paul Raphael resigns after leading investment banking in Asia for less than two years. Vikram Malhotra and Helman Sitohang will take over as co-heads. The head of investment banking in the region resigns to spend more time with his family. He will be succeeded by David Chin and Matthew Hanning who will share the job as joint ... Boston Consulting Group says investment banks' return-on-equity could fall to 5% and that the best way to save costs is to reduce salaries, benefits and bonuses. Investment banking drives losses at UBS, while wealth and asset management report large net new money outflows. Cash bonuses to investment bankers are reduced by 95%. UBS names Timothy Chia from Hup Soon Global Corporation as vice-chairman of its investment bank in Asia, replacing Robin Tomlin. Michael Borch transfers from Europe to take over as head of Asian industrials within the investment banking division. Morgan Stanley's energetic head of GIG returns to Singapore to lead the firm's business efforts in Southeast Asia. A bland press conference by Nomura CEO Kenichi Watanabe fails to allay doubts. Jim Forbes, who is currently with Merrill in New York, will take up his new position once the merger with Bank of America is completed.