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  1. Employees of HSBC, TVB inform unions of 'impending layoffs'

    Posted May 08th 2009, 12:00am by Peter So

    ... Peter So Employees of TVB and HSBC have made calls to unionists claiming some staff will be dismissed soon, fuelling fears of more layoffs in the banking and broadcasting sectors. ... 'three or four calls' from HSBC staff in the afternoon, claiming that about 40 people at the trade services department had been asked verbally by their managers to resign, ...

  2. Investors put faith in HSBC top management

    Posted Aug 05th 2009, 12:00am by Staff Reporter

    ... A few months ago HSBC Holdings raised nearly US$18 billion with a rights offer to bolster its balance sheet. This week it reported a first-half profit of US$3.35 billion - less than half ... on the economic outlook. But it also says something about HSBC's relative strength and confidence in its ability to acquire good assets being sold off by weaker banks and grow market share. ...

  3. Government acts to dispel fears of layoffs at HSBC

    Posted Feb 10th 2009, 12:00am by Agnes Lam

    ... at HSBC. However, the bank said it had no comment when asked for its views on a statement by the administration on the issue. The Labour and Welfare Bureau said yesterday it had contacted HSBC to gain a better understanding of reports that the bank was planning to lay off staff. 'The bureau has urged HSBC to make a clarification to ease worries. According to the bureau's ...

  4. Appointments

    Posted Nov 14th 2009, 12:00am by Staff Reporter

    ... and restructuring, advisory, Beijing KPMG China Fan joined the Hong Kong office in 1996 and transferred to the Beijing office last year. His focus for the past 10 years has been on insolvency-related advisory services on the mainland. Galaxy Chan Director, transactions and restructuring, advisory, Hong Kong KPMG China Chan has 14 years experience in restructuring and insolvency engagements, ...

  5. Appointments

    Posted Jun 01st 2009, 12:00am by Staff Reporter

    ... management arm of HSBC Guyerzeller Bank, and before that, he was the head of equity research for HSBC Private Bank in Hong Kong. Mr Liu has more than 23 years of investment experience. Clarissa Odgen Consultant, Hong Kong Allen & Overy Ms Odgen has eight years of experience specialising in corporate restructuring, rescues and insolvency, acting for financial institutions, bondholders, firms ...

  6. HSBC's numbers man reassures the faithful

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

    ... and bailouts have replaced takeovers, chief financial officers have become the most important figures in banking boardrooms. And no finance director is more important to Hong Kong investors than HSBC Holding's Douglas Flint. Mr Flint, a soft-spoken Scot, is leading HSBC's mammoth US$17.7 billion fund-raising. The chief financial officer and global board member must convince shareholders ...

  7. Wong banks on Asia-Pacific growth prospects

    Posted Dec 07th 2009, 12:00am by Enoch Yiu

    ... at a rapid pace. In a restructuring announced in September last year, HSBC said that in line with the emergence of Asia-Pacific as the group's 'largest and most important region', ... Maria Chan and Enoch Yiu The Asia-Pacific region would continue to be a key contributor to the earnings of global banking group HSBC, forecast Peter Wong Tung-shun, who takes over ...

  8. Appointments

    Posted May 16th 2009, 12:00am by Staff Reporter

    ... Conrado Engel Chief executive and president HSBC Bank Brazil Based in Hong Kong, Mr Engel is the regional director personal financial services, Asia-Pacific of The Hongkong and Shanghai Banking Corporation. He has held this position since January 2007, and was appointed a group general manager in May 2008. Previously, Mr Engel was executive director of HSBC Bank Brazil from 2004 ...

  9. New corporate restructuring law in HK 'will be welcomed'

    Posted Nov 25th 2009, 12:00am by Staff Reporter

    ... Kong-based Michael Barker, head of Herbert Smith's restructuring and insolvency practice in Asia, said: 'There have been a small number of insolvencies or restructurings over the past few ... an administration scheme to allow distressed companies a moratorium opportunity before liquidation, and is considering formulating its own rehabilitation law. The main difficulty in restructuring in Hong ...

  10. Lenovo restructures into two units

    Posted Mar 27th 2009, 12:00am by Staff Reporter

    ... Mainland information technology giant Lenovo Group is further restructuring its operations, nearly two months after a management shake-up that put founder Liu Chuanzi back in charge. The world's fourth-largest supplier of personal computers is being reorganised into two new business units: mature markets and emerging markets. 'Our goal is to create a faster, more streamlined ...




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