Cathy Chan

Nomura Holdings Inc named Rudolf Hitsch head of north Asia for its international wealth management business as the Japanese bank builds out its operations that to cater to the rich in the region.

Goldman Sachs Group Inc. has been hit by additional departures in its Asia equities team, with key exits in Tokyo and Hong Kong to rival banks and hedge funds.

Carlyle Group Inc. is considering bringing in fresh backers for its investment in McDonald’s Corp.’s Chinese operations, people familiar with the matter said.

Barclays Plc named Yun Zhang as sole head of macro trading for Asia-Pacific as the London-based lender seeks to bolster revenue from structured products sales, according to an internal memo.

Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb dealmaking, people familiar with the matter said.

Plans to compete for a larger share of the No. 2 economy's $60 trillion financial market face challenges from a souring business climate.

Bank of America Corp. plans to ask about 40 bankers in Asia to look for jobs in other divisions as it looks to manage the industry-wide decline in dealmaking while trying to avoid headcount reduction, a person familiar with the matter said.

GF Securities Co. plans to buy a 20% stake in Value Partners Group Ltd. from the biggest shareholders and founders, as part of a push by the mainland Chinese brokerage to expand overseas, people familiar with the deal said.

(Bloomberg) -- Value Partners Group Ltd. rose as much as 15% in Hong Kong trading as GF Securities Co. is planning on buying a 20% stake in the asset manager as part of a push by the mainland Chinese brokerage to expand overseas.Most Read from BloombergWorld’s Most Valuable Chipmaker Nvidia Unveils More AI Products After $184 Billion RallyManchin Gets Mountain Valley Pipeline Deal Into Debt BillDebt-Limit Deal Brings Relief Tinged by Caution: Markets WrapMcCarthy Won the Debt-Limit Deal. Biden D

UBS Group AG is looking to retain more than 100 Credit Suisse Group AG investment bankers across Asia, seeking to shore up talent in markets where its Swiss rival has stronger presence, according to people familiar with the matter.