Cathy Chan

UBS said to cut Asia investment banking bonus pool by 8%

More executive directors will get no bonus for 2018 compared with the year before.

Baring PE, CVC among suitors to be shortlisted for $1.5b Godiva Asia sale

North Asian buyout firm MBK Partners and Marunouchi Capital were also shortlisted to proceed to the next round of bidding.

Bank of America appoints Jiro Seguchi, Jin Su as co-presidents for APAC

Su’s promotion marks the first time that Bank of America has put a senior market executive into an Asian president role.

Deutsche Bank sees investment banker exodus in Asia amid cuts

Almost 50 bankers in Hong Kong and Singapore have left in the past six months, or about 30% of the investment-banking workforce before the departures.

Macquarie in final talks to set up majority-owned securities JV in China

China first granted UBS Group AG approval for overseas majority control of a securities JV. Nomura Holdings Inc. and JPMorgan Chase & Co. have also applied.

Canada’s Sun Life said to pursue $3b Hong Kong insurer FTLife

The Toronto-based insurer is competing with other bidders including the billionaire Cheng family’s Chow Tai Fook (Holding) Ltd.

UBS Group looking to take majority in Chinese securities JV

UBS is among the foreign banks that have gotten the furthest in building an onshore securities business.

Citigroup said to weigh exiting its China securities joint venture

With the government now allowing them to take majority ownership, some, like Citigroup, have been hamstrung by partners’ reluctance to sell.

Goldman Sachs names Leland to head Asia investment banking ops

Leland became a Goldman managing director in 2000 and was named partner in 2006.

SG’s Keppel nears deal to buy Blackstone-backed chemical firm Ixom

Acquiring Ixom would help Keppel Infrastructure, led by recently appointed Chief Executive Officer Matthew Pollard, to widen its exposure beyond Singapore.