Credit Suisse AG named Rob Stewart as chief executive officer of its Australian business, succeeding David Livingstone, who is returning to London in a senior role.
Merrill Lynch & Co.’s suit seeking $9.4 million from Indonesian businessman Prem Harjani has no legal basis, a lawyer for the bank’s former private-banking client told a Singapore court today.
Transocean Ltd. , the owner and operator of the oil rig leased to BP Plc that exploded last month and killed 11 workers, asked a U.S. judge to limit its liability to $26.7 million.
Nomura Holdings Inc. hired Stanley Wong and Ajay Gupta from Bank of America Corp.’s Merrill Lynch unit to boost equities and derivatives business after recruiting three executives from the U.S. bank since May.
UBS O’Connor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.
UBS AG said it’s reviewing its precious metals business amid regulatory inquiries into the gold market, while the Hong Kong Monetary Authority reprimanded the firm for interest-rate rigging.
Nomura Holdings Inc. appointed Daniel Mamadou as head of global finance for Asia outside Japan, according to a memo obtained by Bloomberg News.
Bank of America Corp. , the largest U.S. lender by assets, hired Zhang Xiuping from Deutsche Bank AG as co-head of mergers and acquisitions for Asia, two people with knowledge of the matter said.
"We are pleased that the investigation of the HKMA returned the same results as our own internal investigation-- no collusion among banks and no noticeable impact on the fixing of Hibor."
- Rob Stewart on Mar 14, 2014