Cathy Chan

BNP Paribas SA made its first round of layoffs in China investment banking since an expansion two years ago, cutting about 10 jobs amid a sluggish market for deals, people familiar with the matter said.

PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of Airpower Technologies Ltd. to a Chinese consortium in a deal valued at $6.8 billion, people familiar with the matter said.

(Bloomberg) -- PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of AirPower Technologies Ltd. to a Chinese consortium in a deal valued at $6.8 billion, people familiar with the matter said.

Citigroup fired an entire team of Hong Kong equity sales traders in 2019 for alleged misconduct. The ensuing regulatory and legal saga spotlights the question: Who should take the blame when banks get caught breaking the rules?

Canada Pension Plan Investment Board 's Asia private equity head has left for the Abu Dhabi Pension Fund, joining a wave of Hong Kong dealmakers exiting the financial hub amid a deals slump, people familiar with the matter said.

PAG, one of Asia’s biggest alternative asset managers, has bought London-based information technology services outsourcing company NashTech from Nash Squared.

PAG, one of Asia’s biggest alternative asset managers, has agreed to buy a second packaging company in India, seeking to take advantage of the country’s growing pharmaceutical exports.

Barclays Plc hired Paul Johnson from Goldman Sachs Group Inc., as head of equities for Asia-Pacific, part of its three-year plan to boost its equities franchise in the region.

Cathy Chan 1 min read (Bloomberg) -- Barclays Plc hired Paul Johnson from Goldman Sachs Group Inc., as head of equities for Asia-Pacific, part of its three-year plan to boost its equities franchise in the region.

Buyout firm Advent is closing in on an acquisition of the mainland Chinese operations of Ginko International, the contact lens maker backed by EQT AB, people with knowledge of the matter said.