News

News

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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Senior Barclays repo trader signs up to Millennium hedge fund spin-off

Posted by Anton Murray Consulting on . Posted in Funds Management News

Paul Clarke

Sarah Hodges (nee Daulby), a senior repo trader who spent over ten years at Barclays, has joined Symmetry Investments, one of the most hotly-tipped Asian hedge fund launches of 2014 from former Millennium Capital Partners executives.

Hodges joined Symmetry in London earlier this month as head of fixed income financing, having previously been a director within Barclays’ repo trading team.

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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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Singapore to Overtake Tokyo as Asia’s Wealthy Hub in 2023

Posted by Anton Murray Consulting on . Posted in News

Sanat Vallikappen

Singapore is poised to surpass Tokyo as the Asian city with the most ultra-high-net-worth individuals within a decade as its stature as a financial center increases with the region’s growth.

Singapore will have 4,878 people with $30 million or more in assets excluding their principal residence by 2023, a 55 percent gain from last year, and trailing only London globally, according to a report from Knight FrankLLP yesterday. The number of these millionaires in Tokyo will climb 8 percent to 3,818, ranking the city fourth worldwide afterNew York.

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Fidante Boutique to shut up shop

Posted by Anton Murray Consulting on . Posted in Funds Management News

Aleks Vickovich & Tim Stewart

A boutique fund manager within Challenger’s Fidante Partners stable is set to cease operations from July, with another Fidante manager to take up the reins.

InvestorDaily understands the board of Fidante Partners has written to clients explaining that absolute return global equities manager Five Oceans Asset Management will close from July 2014.

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Barclays to Start Cutting Jobs in Investment Banking

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

Cathy Chan, Fox Hu and Richard Partington

Barclays Plc (BARC), the U.K.’s second-biggest lender by assets, will start cutting hundreds of jobs across its investment bank this week, according to people with knowledge of the matter.

About 100 jobs will go in Asia, and reductions will also be made at Barclays’s markets and investment-banking units in London and New York, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The cuts in Asia-Pacific amount to about 5 percent of the lender’s investment-bank in the region, one of the people said.

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