Cathy Chan
Stories by Cathy Chan
CLSA chief executive Slone resigns following bonus cuts, Citic changes
The move followed a drop of about 60% in CLSA’s 2018 bonus pool and a number of other recent changes instigated by Citic, including staff adjustment
Blackstone considers $1.5b acquisition of Shanghai commercial property
Investment in Chinese commercial real estate rose 9.5% in 2018 to hit a record 296 billion yuan, with about one-third of transactions coming from over
Cathay Pacific exploring options to acquire HNA’s two Hong Kong carriers
HNA has already trimmed one of the country’s biggest debt piles by selling off dozens of assets from hotels to stakes in aircraft leasing companies.
China’s debt crackdown to spur M&A, says CDH Investments’ Hu
CDH has been preparing for a correction in the Chinese market. Public company valuations have already cooled in China; private markets tend to follow
Goldman’s Asia Pacific CEO Ken Hitchner said to retire
Hitchner will continue in his Hong Kong-based role until mid-2019.
UBS said to cut Asia investment banking bonus pool by 8%
More executive directors will get no bonus for 2018 compared with the year before.
Baring PE, CVC among suitors to be shortlisted for $1.5b Godiva Asia sale
North Asian buyout firm MBK Partners and Marunouchi Capital were also shortlisted to proceed to the next round of bidding.
Bank of America appoints Jiro Seguchi, Jin Su as co-presidents for APAC
Su’s promotion marks the first time that Bank of America has put a senior market executive into an Asian president role.
Deutsche Bank sees investment banker exodus in Asia amid cuts
Almost 50 bankers in Hong Kong and Singapore have left in the past six months, or about 30% of the investment-banking workforce before the departures.
Macquarie in final talks to set up majority-owned securities JV in China
China first granted UBS Group AG approval for overseas majority control of a securities JV. Nomura Holdings Inc. and JPMorgan Chase & Co. have also ap
