SG says au revoir to equities

In a brutal sign of further rationalization in the Asian broking industry, SG announces its exit.

On October 17, SG hired Fook Cheong Woo, Sean Lee and Kyle Shin to do respectively oils petrochemicals, telecoms and technology research. In what must be regarded as a dreadful irony, SG's head of Asian research, Sriyan Pietersz said at the time of the hires It is always a pleasure to see talented individuals joining us.

There can be little doubt that these talented individuals must now be ruing their decision to join. However, they had due warning. There has been speculation since January that SG might exit Asian equity broking and in another brutal day for the industry it finally has. See related article below, 'Leave la France, volume two' from January

SG...

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