Cooley LLP opened a Los Angeles office with the addition of four partners from three law firms.
Hong Kong’s Securities and Futures Commission will appoint Ashley Alder, the Asia head of law firm Herbert Smith LLP, as its new chief executive officer.
The U.S. ‘shadow banking’ system, which had double the liabilities of commercial banking at the end of 2007, is shrinking.
Samsung Securities Co. , the biggest South Korean brokerage by cash deposited in accounts, said it’s employing more analysts to boost Hong Kong and China research.
Hong Kong’s financial secretary caved in to protests over plans to bolster residents’ pension funds, opting to hand out cash and tax rebates that a week ago he said would stoke inflation.
Derek Ma and his family in May sold two of their eight properties in Hong Kong, doubling their money in four years. They’re struggling to sell the other six.
Hong Kong rescuers found a second body after a sand barge capsized following a collision with a container vessel. Six sailors are still missing.
Hong Kong’s decision to hand out HK$40.5 billion ($5.2 billion) in cash and tax rebates in its latest budget may stoke inflation, which Financial Secretary John Tsang said was the economy’s main threat this year.
Samsung Securities Co. , the biggest South Korean brokerage by cash deposited in accounts, hired Viktor Shvets to head its Asia research as it tries to strengthen regional research.
"As part of the strategic plan, the addition of James Fong, Henry Wang and Billy Au in Greater China will see our practice having a much more in-depth capability in ECM and M&A offerings."
- Patrick Wong on Jul 24, 2012