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.
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.
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.
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., Japan’s biggest brokerage, plans “some redundancies” in its Australian equities business in line with its global strategy, according to a memo obtained by Bloomberg News.
Nomura Holdings Inc. hired Yasuhiro Fujiwara, a former Bank of America Corp. veteran, as head of equities for Asia excluding Japan, according to a memo obtained by Bloomberg News.
Nomura Holdings Inc. appointed Mark Williams as head of investment banking for Asia outside Japan to replace Patrick Schmitz-Morkramer, according to an internal memo obtained by Bloomberg News.
Merrill Lynch & Co. hired Bala Swaminathan from Standard Chartered Plc as vice chairman for India, according to two people briefed on the matter.
Nomura Holdings Inc. appointed Daniel Mamadou as head of global finance for Asia outside Japan, according to a memo obtained by Bloomberg News.