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Daily Dispatches: Even more cuts loom as Asia’s investment banks take a fee hit; UBS regularly hires in China

Declining revenues for Asia’s investment banks (down 27 per cent) are likely to mean even more job losses for the region. (FinanceAsia)

UBS is constantly “filling up its team” in China because hunting for talent remains challenging, says David Li, head of UBS operations in China. (Bloomberg)

EIG Global Energy Partners, a private equity firm from the US, sets up shop in Hong Kong. (Asian Investor)

Asian wealth managers remain upbeat about the region’s growth prospects. Bank of Singapore, for instance, aims to double its AUM to US$80bn by 2016. (Channel NewsAsia)

The investment banking dream has effectively turned into a nightmare. (The Economist)

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