HNA accelerates wind-down of overseas business

After the death of its co-chairman in July, HNA Group continues to downsize its overseas empire. Senior executives have left the company and some of its Hong Kong subsidiaries have closed.
November 20, 2018

Goldman to slash Asia ibank headcount by c.25%

Job cuts imminent at the US investment bank amid a tough year in Asia's emerging markets. Other banks may follow suit as fierce competition from Chinese brokers bites.
September 25, 2016

Deutsche Bank loses ECM syndicate banker

Hemant Sabherwal has left the German bank’s Asia-Pacific equity syndicate desk, the latest in a series of departures over the last twelve months.
August 26, 2016

Macquarie said to axe around 30 in Asia

Among the casualties as the Australian bank looks to cut costs is Shanghai-based veteran analyst Matthew Smith and head of sales for Asia cash equities Jeffrey Chung.
June 02, 2016

Barclays exits Asia cash equities

Rival brokers are looking to poach the British bank's remaining HFT and prime brokerage clients now it has lopped off research and high-touch trading.
January 21, 2016

Bankers' shrinking pay packages

Investment banks are grappling with higher fixed costs as a result of an increase in base salaries, and are being forced to lay off staff.
September 10, 2012

Daiwa cuts back on ECM in Asia

Jonathan Orders, the head of ECM for Asia-Pacific outside Japan, left the firm last week, together with the head of equity syndicate, the head of equity-linked and several other people in the team, sources say.
August 26, 2012

Will Li resigns as co-head of China ECM at Deutsche Bank

Will Li is leaving Deutsche Bank after two years to return to the fund management industry, sources say. Separately, the bank has let go of two bankers in its corporate finance division as part of a headcount reduction.
June 10, 2012