South East Asia is rapidly becoming the place to look to find the best dealmakers in Asia, according to a report by Reuters.
The region has seen $46.5 billion worth of capital raisings, mergers and acquisitions in the past two years, up 9% on 2010-11, Thomson Reuters statistics show.
Financial industry recruiters and hiring managers at investment banks say that some recent poaches of South East Asian bankers involve total compensation packages of around $1 million or more, around what many Wall Street bankers earn.
Nomura says two employees who leaked insider information on client transactions three years ago will be punished, according to a report on Bloomberg.
Japan’s securities watchdog recommended fining funds, including a unit of Nippon Life Insurance Co., for trading on the tips.
China Everbright Bank is planning to start selling shares in a $2 billion initial public offering on December 10 – the third time the Beijing bank will try to list in Hong Kong, according to the Wall Street Journal.
Everbright Bank, whose last IPO attempt was in May 2012, would be the third Chinese bank to list in Hong Kong in the past month.
Australia has the highest number of female directors in the Asia-Pacific region, according to website Women’s Agenda.
The latest Korn/Ferry board diversity study, The Diversity Scorecard 2013: Measuring Board Composition surveyed Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, and South Korea. Despite efforts to promote the number of women on boards in the region the figures remain low, with female directors making up just 10% of boards in participating countries, except for Australia, which currently has 16.7% of female directors.
Maybank’s Etiqa insurance unit is considering a bid for Indonesia’s PT Mega Life Asuransi Jiwa, says the Malay Mail.
Deutsche Boerse has clinched announced a strategic cooperation in China to secure a stronger foothold in the region, help develop the offshore yuan market in Europe, and explore a possible cooperation and foster cross-border business between China and the European Union.