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 […]
Brett Cole Citigroup looks to be making headway in its efforts to build its investment banking franchise into the type of competitor that would make Macquarie, UBS and Goldman Sachs treat it as a serious rival. Bolstered by a pick up in deal making, Citi is now ranked fourth on the Australian merger and acquisition league table, up from sixth for […]
Bianca Harge-Hazelman Australian gold producers, traders and the domestic economy could be among the big winners if China moves ahead and opens up the world’s biggest gold exchange. The Shanghai Gold Exchange (SGE) is understood to have received approval last week from the Chinese central bank to launch a global trading platform in the city’s […]
Ruth Liew Insurance Australia Group is overhauling its operating model in Australia as the company prepares to absorb the $1.85 billion Wesfarmers insurance acquisition into its fold, with the changes likely leading to job losses. IAG’s new model will span three divisions – personal insurance, commercial insurance and enterprise operations. The changes, which take effect […]
In an effort to further engage with our growing list of contacts across our four primary recruitment markets of Sydney, Melbourne, Singapore and Hong Kong we have organised a monthly newsletter with interesting news, events, market trends, market commentary and specific opportunities that may be of interest. For many of our clients within the Investment […]
Simon Mortlock If you’re looking for a finance job in Australia or looking to move Down Under to find one, beware that some functions are decidedly hotter than others. Front-office investment bankers are still not, unfortunately, in particularly high demand, according to Australian headhunters.