The Swiss bank creates a single Asia-Pacific capital markets unit in effort to boost deals business. DCM chief Gaetano Bassolino will lead the merged unit.
Unicorns are already taking down retail banking. The investment side will be tougher to crack, but start-ups are looking for weak spots – with retail IPO distribution in their sights.
Facing intense regulatory oversight, senior bankers are increasingly heading for the corporate world, with some taking their skills and contacts to fintech firms.
Hong Kong’s handover gave way to a financial crisis and reform quickly followed. The pressure China is facing now could likewise lead to major changes.
Matt Hanning is promoted to the Swiss bank's top corporate finance and advisory role in Asia Pacific and gains a seat on the global investment banking executive committee.