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  1. Business - Banking & Finance - BANKING

    Merrill Lynch bankers seek new posts

    Posted Oct 29th 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com A scramble for jobs has started ahead of the merger with Julius Baer, which is complicated by sector lay-offs due to the economic climate Merrill Lynch bankers look for new posts Private bankers at Bank of America Merrill Lynch are scrambling for jobs in Hong Kong and Singapore ahead of the expected merger of the US bank's wealth-management ...

  2. Business - Banking & Finance - BANKING

    Jobs of private bankers in Hong Kong are at risk

    Posted Oct 12th 2012, 12:00am by Lulu Chen, George Chen

    ... Lulu Chen and George Chen As markets continue to sour, highlighted by China's slowdown, more private bankers could find themselves out of favour Jobs at risk as poor economy bites ... at least US$150 million in assets to manage, according to Kenny Lam, a McKinsey partner who specialises in private banking. Bankers who fail to bring in enough assets to manage often face the risk ...

  3. News - Asia - ANALYSIS: VIETNAM

    Pressure on PM Dung after arrest of top banker

    Posted Aug 27th 2012, 12:00am by AFP

    ... Agence France-Presse in Hanoi With Nguyen Duc Kien in custody, spotlight is on rift between rulers over cure for economic woes Pressure on PM Dung after arrest of top banker The arrest ... to the Vietnamese prime minister, Nguyen Tan Dung, and his daughter, a Swiss-trained private banker. Since the 1990s, as Vietnam opened up economically, power moved from the communist party to the state ...

  4. Mainland bankers in line for pay rises

    Posted Jul 18th 2012, 12:00am

    ... George Chen george.chen@scmp.com At a time when bankers in Hong Kong and on Wall Street worry the weak global economic outlook will cost them their jobs, their counterparts in Shanghai ... and Beijing was still big, especially for junior staff, partly because of Hong Kong's high housing costs, bankers said. Additional reporting by Angela Che 16.7b yuan Profits at foreign banks ...

  5. Detained banker steps down from ABC

    Posted Jul 14th 2012, 12:00am

    ... Enoch Yiu and George Chen Mainland banker Yang Kun has resigned as an executive director of Agricultural Bank of China after more than a month being detained in Beijing amid a widening ... is proved to have been involved in illegal activities, it would mark the highest-profile case involving a 'big four' banker since state-owned banks started to go public in 2005. The probe ...

  6. Former BAML bankers step up Asia deal-making

    Posted Jul 23rd 2012, 12:00am

    ... George Chen george.chen@scmp.com When Bank of America-Merrill Lynch (BAML) turned its nose up at private equity (PE) in Asia, several former BAML bankers disagreed. BAML didn't see private equity in the region as a core business, helping to clear the way for the spin-off of its private equity team in Asia with the creation of Hong Kong-based NewQuest Capital Partners, ...

  7. Hongkong Bank chief honoured

    Posted Dec 12th 2003, 12:00am by Staff Reporter

    ... Hongkong Bank chairman David Eldon was last night named this year's DHL/SCMP Hong Kong Business Person of the Year. The 57-year-old banker rose from being a filing clerk to head the Hongkong and Shanghai Banking Corporation, which boasts more than 590 branches and offices in 20 countries in Asia, and a staff of more than 40,000. And Mr Eldon is not finished yet. 'I'm ...

  8. Bankers see policy easing ahead as economy cools

    Posted Jun 20th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com An increasing number of bankers expect Beijing to loosen monetary policy in the next quarter to counter the economic slowdown while more consumers anticipate higher prices, central bank surveys show. Some 32.4 per cent of the 3,000 bankers surveyed by the People's Bank of China said they expected Beijing to further ease monetary policy ...

  9. Banker jailed for forging signatures to move assets

    Posted Jun 26th 2012, 12:00am

    ... Joyce Man joyce.hyman@scmp.com A banker who used forged documents to move assets worth millions of dollars from a client's account was jailed yesterday for four years and eight months. Choi Yuet-yan, 45, had pleaded guilty in District Court to seven charges, including dealing with the proceeds of an indictable offence and using a false instrument. Choi was an employee ...

  10. Ex-banker likes to see the fruit of his labours

    Posted Jun 30th 2012, 12:00am

    ... a 700-strong team, including 400 farmers, and coping with food-safety issues on the mainland. How did your career path lead you to orange juice? As a banker, I earned a good salary, but I didn't ...




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