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Dispatches: ABC starts to secure investors

Agricultural Bank of China has secured a number of international cornerstone investors to take up to 40 per cent of the Hong Kong portion of its initial public offering amid concern over weak investor interest in the big listing. (Financial Times)

In a move that suggests a greater focus on managing risk locally and an increased level of regional autonomy in this area, Barclays’ wealth-management arm has appointed its first chief risk officer for Asia-Pacific. (Finance Asia)

Jobs in the Australian financial services sector have jumped by more than 5 per cent since ANZ has completed the acquisition of The Royal Bank of Scotland’s retail, commercial and private banking businesses in Indonesia. (The West Australian)

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