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Dispatches: new China CEO for HSBC

HSBC Bank (China) has appointed deputy chief executive officer Helen Wong as its president and CEO, and her appointment will be effective upon obtaining regulatory approval. (Shanghai Daily)

Citic Securities has ambitions to be the Goldman Sachs of China. But its latest effort to win new business has hit a hitch, underscoring the pitfalls of China’s young financial system as it continues to mature. (Wall Street Journal)

ANZ as hired Morgan Stanley to advise it on buying a controlling stake in Indonesia’s PT Bank Panin worth US$1.3bn, two sources with knowledge of the process said on Monday. (Reuters)

Macquarie Group is in danger of losing dozens of senior bankers from its expanding North American and European operations after a second successive year of weak bonuses. Analysts and people close to the bank said some top staff were assessing whether to jump ship after being told last month that their bonuses would be six-figure sums rather than the hoped-for seven figures. (Financial Times)

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