Investment Banking MC
Citigroup leaving China; focus remains on HSBC
Bloomberg News Citigroup Inc.’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC Holdings Plc., the only one with a major holding in a big bank after earlier exits by the likes of Bank of America Corp. and Goldman Sachs Group Inc. Citigroup Inc. is seeking […]
ETF industry continuing to diversify
Taylee Lewis, InvestorDaily In an annual sector report, Zenith Investment Partners found that over the past three financial years, the market share of Australian equities has reduced – down from 50 per cent to 30 per cent as at 30 June 2015. “The sector now provides a significantly greater product suite across the mainstream asset classes […]
RBS Said to Eliminate 100 Jobs at Investment Bank in Revamp
Richard Partington, Stephen Morris and Alastair Marsh Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned bank, will eliminate about 100 jobs as part of an overhaul of its investment bank, according to two people with knowledge of the matter. The departures include senior figures such as Richard Bartlett, head of U.K. client coverage, and Eric […]
Expats vote Singapore the best place in the world to live and work
Ann Williams SINGAPORE – Singapore has topped a poll of the best places in the world to live and work for expatriates. Singapore was chosen because it provided the right balance of career opportunities and lifestyle as well as a stable economy, according to HSBC’s latest Expat Explorer. Confidence in Singapore’s economy is the highest […]
ANZ ETFS appoints new head
Taylee Lewis ANZ ETFS has appointed a new head of exchange-traded funds (ETFS) to be based in Sydney. Former Invesco Powershares executive Kris Walesby has been named as head of ANZ ETFS, responsible for delivering more choice and greater access to ETFS for Australian investors.
UBS hires Zenith, BlackRock senior execs
Laura Millan UBS Global Asset Management has expanded its team in Australia with the appointment of a fixed income investment specialist from Zenith and a national sales manager from BlackRock. Jonathan Baird will join UBS’s Sydney fixed income team as investment specialist, a newly-created role where he will assist the distribution team and support the […]