Citigroup has poached Sydney-based UBS Senior Managing Director Aidan Allen, according to an internal memo seen by The Wall Street Journal's MoneyBeat.
Allen, who was co-head of financial sponsors and industrials at UBS, will join Citi in November as head of general industrials and financial sponsors.
The bank has appointed Philip Lee as chief country officer for Singapore and vice chairman for Southeast Asia.
In the meantime, The New York Times reports that Houlihan Lokey has hired a former top regional banker from Lazard to lead its business in Asia.
The firm announced on Monday that it had appointed David Timblick as managing director and head of Asia. It is seeking to expand its corporate finance, restructuring and advisory services across the region.
And Bloomberg reports that KKR's Adam Clammer, who heads the team investing in technology deals at the private-equity firm, is stepping down from daily responsibilities after 18 years with the company to take a senior adviser post, according to a person familiar with the matter.
KKR named two partners in Clammer’s group, David Kerko and Herald Chen, to co-lead the technology team, according to the person, who asked not to be identified because the news isn’t public.
Finally, Reuters reports that Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who design portfolios for wealthy clients.
Chhabra, 51, replaces Lisa Shalett, who left in February.
Citi Hires UBS Banker Aidan Allen in Sydney (subscriber content)
Deutsche Bank Hires Senior J.P. Morgan Banker for Southeast Asia (subscriber content)