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Daily Dispatches: More musical chairs in Asian banking

Global banks in Asia continue to make redundancies and most candidates remain insecure about the job market, but at a senior-leadership level, it’s still musical chairs as banks position themselves to maximise revenue. Following Kate Richdale’s high-profile move from Morgan Stanley to Goldman Sachs last week, HSBC has now announced that Jayant Rikhye is its new head of international Asia-Pacific, according to Finance Asia. Meanwhile, Credit Suisse’s head of non-Japan Asia debt syndicate, Devesh Ashra, and Hital Desai, a director on the syndicate desk, are reported to be heading to a rival bank.

Prudential Insurance is growing unfeasibly fast in Asia. (Guardian)

Why Japanese mega banks need not worry about liquidity stress. (Asian Banking & Finance)

Macquarie’s hired an ex-Morgan Stanley MD as a financial sponsors banker in New York. (WSJ)

Bank of America has got a new head of M&A in Australia. (Bloomberg)

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