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Dispatches: Deutsche and Citi launch dark pool trading

Deutsche Bank started dark pool trading in Hong Kong yesterday, the German lender’s first such platform in Asia, to meet growing demand. Citigroup said last week it plans to start dark pool services in Singapore next year after its off-exchange trading in Australia increased to a record in June. (The Standard)

TPG has joined the queue of western private equity groups rushing to raise renminbi-denominated funds from Chinese investors that will allow them to make local currency investments across the country. (Financial Times)

China Merchants Group has named company president Fu Yuning as its new chairman, succeeding Qin Xiao, who will retire. The state-owned conglomerate didn’t say when Mr. Fu’s appointment will take effect. Mr. Fu, 53 years old, has been president of China Merchants Group for about 10 years, the conglomerate said in a statement Monday. (Wall Street Journal)

Profusion has acquired an executive search and recruitment firm as part of its Asian expansion plans. (Investor Daily)

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