Internal guidelines and procedures.
Bloomberg News reports that Joseph Chee, the Hong Kong-based head of global capital markets for Asia, and Sharlyn Wu, a member of his team, were put on leave, the people said, asking not to be identified as the matter is confidential.
The suspensions were reported earlier today by Reuters, which said that UBS is among banks seeking a senior role in managing Tianhe’s $1bin Hong Kong share sale. UBS is looking into whether the hiring process used to bring in Joyce Wei, whose father is chairman of Tianhe, violated internal guidelines and procedures, the people said.
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