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Dispatches: DBS is boosting its China headcount by 20 per cent

DBS is planning to boost its headcount by more than 20 per cent this year in China to ride on the country’s growth story, new Chairman Peter Seah said. (Shanghai Daily)

Citigroup has named Chris Laskowski as its chief operating officer (COO) and the head of financial entrepreneurs group for Asia Pacific ex-Japan. (Reuters)

Investors may consider buying Agricultural Bank of China as a long-term investment in the world’s biggest IPO, if the lender prices its shares at 1.5 times book value, analysts said. But an oversupply of banking stocks may hinder the short-term growth of AgBank’s shares. (The Standard)

Michael Lam is to join Deutsche Bank as head of North Asia debt capital markets origination, sources say. He is expected to start after a three-month gardening leave and will report to Patrick Tsang, head of cross-border debt capital markets (DCM) for Asia ex-Japan. Lam will be based in Hong Kong. (Finance Asia)

The New Zealand Commerce Commission today cleared AMP to acquire the Australian and New Zealand business of AXA Asia Pacific Holdings. (The Australian)

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