Alex Wilmot-Sitwell, the co-head of UBS’s investment bank, has been named co-chairman and co-chief executive of the bank’s operations in Asia. Mr. Wilmot-Sitwell will relocate from London to Hong Kong in November and will lead the region together with Chi-Won Yoon, the bank’s current chief executive in Asia. Carsten Kengeter, who is the co-chief executive [...]
At least four retailers from Europe and Asia are poised to submit first-round bids for Carrefour’s roughly $1 billion worth of Southeast Asian assets on Wednesday, sources said, showing robust demand for the retail operations, Reuters reported. Carrefour of France, Europe’s top retailer, is exiting Singapore, Malaysia and Thailand to focus on markets where it [...]
Kazakhmys, the copper producer, told The Financial Times that it was mulling a listing in Hong Kong. The company has been listed in London since 2005, but could begin a second flotation to tap new capital markets. “We want to raise our profile in China,” Oleg Novachuk, head of Kazakhmys, told The Financial Times. “It [...]
Deutsche Bank hired Ajay Kapur to head its new Asian equity strategy team, which will include two of his former colleagues from Mirae Asset Securities, Bloomberg News reported. Mr. Kapur, who has worked in financial markets for the past two decades and is based in Hong Kong, joins from Seoul-based Mirae, where he was chief [...]
Hedge funds focusing on Asian investments experienced heavy losses in the second quarter, but that did not seem to deter investors from giving them more money. So why the paradox? It appears that changes in China’s monetary policy during the quarter attracted some investors hoping to benefit from a possible strengthening in that country’s currency [...]
Hedge funds focusing on Asian investments experienced heavy losses in the second quarter, but that did not seem to deter investors from giving them more money. So why the paradox? It appears that changes in China’s monetary policy during the quarter attracted some investors hoping to benefit from a possible strengthening in that country’s currency [...]
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