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  • November 28, 2014
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  1. Bonus cut likely reason for UBS bankers leaving

    Posted Mar 10th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick UBS has lost a huge chunk of one of its most successful Hong Kong investment banking teams after paying bonuses in Asia that were in many cases 95 per cent below ... could get sued by UBS if they talked publicly about their move. Sources said the two bankers were likely to have been guaranteed multimillion-dollar bonuses for this year by Credit Suisse. ...

  2. Pay boost lined up for top bankers

    Posted Nov 16th 2009, 12:00am by Naomi Rovnick

    ... regulatory crackdown on excessive bonuses, recruiters said. Three Hong Kong headhunters confirmed they were hiring top managing directors for banks whose guaranteed salary for next year was US$400,000 to US$500,000. They said these salaries formed part of basic pay plus bonus packages guaranteed at US$2 million or more. According to a survey by headhunter Options Group, managing ...

  3. Greenberg blasts AIG for planning to sell life insurer AIA

    Posted Mar 27th 2009, 12:00am by Naomi Rovnick

    ... and funds. AIG sparked an intense political and public furore in the US after paying US$165 million in bonuses to top staff at its financial products group, the division responsible for selling the credit default swaps that insured mortgage losses. Mr Greenberg said the bonuses should not have been paid. 'When they lost all this money, why should you pay them a bonus?' he said. ...

  4. Tough times not over yet as more investment bankers get the axe

    Posted May 20th 2009, 12:00am by Naomi Rovnick

    ... for two of them.' The outlook is depressing for the economy. Mid-ranking bankers earn upwards of HK$100,000 a month at many institutions, before their annual bonuses, and count among ... as they clamp down on bonus payouts to stem losses. Deutsche Bank has lost a third of senior managing directors in its highly respected distressed debt team in two months. Hong Kong-based Kanak Kapur ...

  5. SFC quizzes former exchange chief in court

    Posted Apr 03rd 2009, 12:00am by Naomi Rovnick

    ... this was only circumstantial evidence. Mr Lam has argued the shares were employee bonuses. But Mr Poon questioned why a director would pay bonuses in an unconnected company's shares. He also said ...

  6. Goldman Sachs veteran retires after 17 years

    Posted Mar 03rd 2009, 12:00am by Naomi Rovnick

    ... in bonuses for 2007. Last year's payout has not been disclosed, but the bank has said partners received 75 per cent less this year, while employee bonuses fell 65 per cent. The bank seemingly ...

  7. SFC suffers new setback in bid to block PCCW

    Posted Apr 17th 2009, 12:00am by Naomi Rovnick

    ... may have said to the regulator could clarify why this happened. Mr Lam has claimed the shares were a Lunar New Year bonus to agents. Mr Poon dismissed this as 'window dressing', ...

  8. Resources magnate mines China links in IPO plan

    Posted Nov 23rd 2009, 12:00am by Naomi Rovnick

    ... partly achieved the turnaround by rousing the 1,000 staff, who were deeply unmotivated, into action. He redesigned the bonus scheme to link it to individuals' productivity, he says, then got ...

  9. Why people love to hate those risky hedge funds

    Posted Mar 01st 2009, 12:00am by Naomi Rovnick

    ... 2 per cent management fee. If the manager makes a profit for you, he also pockets 20 per cent of that as his performance bonus- providing this annual gain was higher than the one in the previous ... the hedge funds he invests in made money. So you also pay part of their 20 per cent bonus. Mercer's Mr Liem calculates that someone targeting a modest 7.5 per cent annual gain would need ...

  10. Investors upset as BEA sinks into red

    Posted Feb 18th 2009, 12:00am by Naomi Rovnick

    ... by HK$109 million. Mr Li admirably took his share of the pain, admitting yesterday he and his fellow directors would not receive a bonus for last year. He also tried to draw a line in the sand, ...



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