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Seoul Weighs Currency Intervention |
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Thursday, 21 August 2008 |
South Korean authorities will consider "additional intervention" in the currency market, a senior official said, after traders said the central bank appeared to be buying the beleaguered won.
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Credit Suisse AES is First Foreign Broker to Execute DMA Trade in Indonesia |
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Wednesday, 20 August 2008 |
Credit Suisse's Advanced Execution Services (AES) is the first foreign broker to complete an equity trade for an external client on Indonesia's Jakarta Stock Exchange using direct market access (DMA).
Earlier this year, the bank was also the first broker to execute a DMA order in the Malaysian market, and according to Credit Suisse, it remains [...]
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Bank of Beijing Picks IPC VoIP Technology for Trading Floor |
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Wednesday, 20 August 2008 |
Bank of Beijing has chosen the IPC's voice over IP-enabled desktop tool, IQ/MAX, for its trading floor. The bank had previously been using PBX phones for trading but decided to upgrade to VoIP and modernise its trading floor.
According to IPC, Bank of Beijing evaluated numerous vendors in order to select a platform that would best [...]
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Asset Control Appoints New US and EMEA Sales Execs, Expands in Asia |
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Wednesday, 20 August 2008 |
Asset Control has added to its EMEA sales team with the appointment of Claudio Capozzi as EMEA sales director in London. The vendor has also hired Scot Kelly in New York as North American sales executive, as well as expanding its Asia Pacific sales coverage with the relocation of Alex Rich to its Australian office.
Prior [...]
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Qantas finance chief resigns |
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Wednesday, 20 August 2008 |
Qantas said Peter Gregg, its chief financial officer, would step down after he missed out on the top job at Australia's national carrier. Alan Joyce, head of no-frills subsidiary Jetstar, has been tapped to replace Geoff Dixon later this year
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Citi's Randell Returns to Australia to Head Equities for Region |
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Tuesday, 19 August 2008 |
Citigroup's head of equity derivatives for EMEA, Luke Randell, has indicated he is returning to his native Australia to assume the position of head of equities for Australia and New Zealand.
Randell has been in London for three years and the bank has indicated there are no plans to appoint a replacement.
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Citi Restructures Asian Operations |
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Tuesday, 19 August 2008 |
Citigroup has restructured its Asia Pacific operations to give more authority to its regional heads by splitting the business into four geographic regions: Japan, North Asia, South Asia and Southeast Asia Pacific.
The regional heads are now responsible for all Citi's business lines in their geographic areas. These regional groups will be supported by seven business [...]
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Barclays Global Investors Hires Kao, Tan and Chow for Asian Region |
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Monday, 18 August 2008 |
Barclays Global Investors (BGI) has appointed three new executives to the Asian region, promoted two staff members to senior positions and relocated one from Europe. BGI has appointed Brent Kao as client director for Taiwan, Tan Puay Lit as client director for Singapore and William Chow as portfolio manager for iShares Asia ex-Japan.
The appointments of [...]
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Coexis Hires Ex-Lehman Operations Tech Head Stephenson |
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Monday, 18 August 2008 |
As part of its continuing expansion in the Asia Pacific region, global provider of software for capital markets Coexis has hired ex- Lehman Brothers operations head Ian Stephenson as head of operations in the region. Based in Singapore, Stephenson will initially focus on managing local implementations.
Stephenson was with Lehman Brothers for the last eight years, [...]
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NZX Appoints Davie Head of Business for FundSource |
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Monday, 18 August 2008 |
NZX has appointed Yvonne Davie head of business of its subsidiary FundSource, which specialises in analysis of managed funds.
NZX CEO Mark Weldon, says: “Yvonne has been the head of sales for Smartshares for the last three years. Yvonne brings a wealth of experience and knowledge of the funds management industry. Yvonne has previously held roles [...]
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Reconstruction efforts fuel rise in investment |
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Sunday, 17 August 2008 |
The amount of fixed-asset investment in the January-July period settled at 7.2 trillion yuan (US$1.05 trillion), fueled by reconstruction work in Sichuan Province after the May 12 earthquake, analysts said. • Post-quake rebuilding draft put online
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Tata Capital Signs Agreement with Mitsubishi UFJ Securities for Cross Border Tie Up |
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Friday, 15 August 2008 |
Tata Capital has signed a memorandum of understanding with Mitsubishi UFJ Securities (MUS) to establish a basis of cooperation in a wide range of strategic business areas. This includes cross border investment banking, the global sales of Indian equities and the enhancement of Tata Capital's IT infrastructure for trading services.
According to Tata Capital, a subsidiary [...]
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