CIMB cuts 16 more jobs in IB, equities

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By John Loh
16 Jun 2016

CIMB has made 16 people redundant in investment banking and equities, the second time the Malaysian lender has cut regional jobs this year amid a slump in deal flow.

The Korean office bore the brunt of the layoffs, with eight people let go, while five people in India and three in Taiwan were cut, said a source close to the matter. The downsizing involved junior and senior roles and made up 15% of CIMB’s headcount in the ...

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