Bank of America plans to add about four positions in its Australian equities operations this year as rivals exit the market, according to people with knowledge of the matter.
CIMB Group Holdings plans to cut about 50 jobs in Asia to trim costs, people familiar with the plan said.
CIMB Group announced Thursday that The Royal Bank of Scotland (RBS) is excluding India operations from an earlier sale and purchase agreement for various Asia Pacific cash equities and associated investment banking businesses.
CIMB Group Holdings Bhd. (CIMB), Southeast Asia’s top-ranked investment bank over the past three years, is taking aim at a bigger market following its acquisition of some of Royal Bank of Scotland’s operations in Asia.
And the good news is that 350 - 400 staff will secure new jobs.