Goldman Sachs Group Inc. is in hiring talks with about 10 people as it seeks to expand Australian businesses from trading to capital markets with global banking regulation forcing some competitors to dial back.
China Poly Group Corp., a state- owned conglomerate started by the country’s military 22 years ago, is taking its arts and entertainment arm public in Hong Kong as it seeks to compete with global auction houses.
Macquarie Group Ltd., Australia’s biggest investment bank, has boosted its funding with short-term notes to the highest share since the crisis of 2008, increasing its exposure to any disruptions in money-markets.
Wall Street hiring in Asia is coming under increasing scrutiny in the wake of a U.S. criminal investigation into whether JPMorgan Chase & Co. employed children of China’s elite in violation of anti-bribery laws.
Renaissance Capital Holdings Ltd., the Russian investment bank controlled by billionaire Mikhail Prokhorov, said Robert Lamprecht has replaced Clifford Sacks as chief executive officer for South Africa.
Investment banks from UBS AG to Morgan Stanley spent half a decade building their operations in India, betting that a growing economy would trigger a boom in mergers and stock sales. They’ve spent the last three years reversing that expansion.
JMP Group Inc., the investment bank co-founded by Joseph Jolson, plans to double its market share in stock offerings after last year’s record revenue, partly by promising bankers they won’t have to wait as much to get paid.