Investment Banking News

Investment Banking News

Macquarie cuts 35 from derivatives unit

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Sarah Thompson and Joyce Moullakis

Macquarie Group has laid off up to 35 people in its Asia-Pacific region structured and derivatives products division, sources said on Friday night.

The cuts included as many as five local employees, while the remainder are thought to be based in Asia, with Hong Kong operations likely to bear the brunt of cuts. Macquarie clients were informed of the changes by phone on Friday morning, according to the sources.

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UBS’s Hanning Replaces Grounds as Asia Investment-Bank Head

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Narayanan Somasundaram and Cathy Chan

UBS AG (UBSN) named Matthew Hanning as the head of its Asia-Pacific investment-banking unit, replacing Matthew Grounds, who will focus on the Swiss bank’s Australian operation.

Hanning, 46, will become head of corporate-client solutions for the region and also join UBS’s investment-banking executive committee, according to a memo to employees yesterday that was confirmed by Rob Stewart, a Hong Kong-based spokesman.

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JPMorgan’s Chatterji to Lead Asia M&A as Sivitilli Quits

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Cathy Chan

JPMorgan (JPM) Chase & Co. named Rohit Chatterji to lead mergers and acquisitions for Asia excluding Japan as Rob Sivitilli resigned from the post after 18 years at the biggest U.S. bank.

Sivitilli will leave the industry and relocate to Florida to be closer with his family, according to a memo obtained by Bloomberg News. Chatterji, who was most recently co-head of banking in India, will move to Singapore to take up his new role, the document showed. Marie Cheung, a spokeswoman for JPMorgan in Hong Kong, confirmed the contents of the memo.

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ABN Amro Shuts Equity Derivatives, Asia Markets Business

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Maud van Gaal

ABN Amro Group NV, the Dutch state-owned bank, will cut about 100 jobs as it exits equity derivatives and shutters its Asian markets business.

About half of the roles are support functions, Arien Bikker, a spokesman for the Amsterdam-based bank, said by telephone. ABN Amro will also stop offering its own structured products, he said.

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Goldman Bolsters M&A Team in Asia

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Neil Gough

HONG KONG – Goldman Sachs is ramping up its mergers and acquisitions team in Asia amid a surge in deal volume in the region, according to an internal memo sent on Thursday.

As part of a reshuffling, the bank appointed Richard Campbell-Breeden to the newly created position of vice chairman of the investment banking division for Asia, excluding Japan. Mr. Campbell-Breeden, who has been at the bank since 1989, had been the head of deal-making in the region since 2011.

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Morgan Stanley Said to Cut Rates Traders Amid Slump

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Ambereen Choudhury, Julia Verlaine and Michael J. Moore

Morgan Stanley eliminated fixed-income trading jobs in London, New York and Toronto this week because of tough market conditions, people with knowledge of the plan said.

The dismissals focused on traders in foreign exchange and interest rates, the people said, asking not to be identified as the details are private. The cuts were made starting June 3, two of the people said. Hugh Fraser, a spokesman for Morgan Stanley in London, declined to comment.

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