layoffs

CEO Tidjane Thiam says the region’s top broker is cutting jobs at a time when investors are slashing commissions ahead of MiFID II and e-trading is on the rise.

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.

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.

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.

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.

Hsin Yue Yong has left the US investment bank to pursue other opportunities.

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.

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.

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.