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Former Credit Suisse investment banker Byungil Lim will start at UBS next week, taking charge of the bank's South Korean operations, according to a source familiar with matter.
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Foreign asset managers in China have started the New Year in style. Fidelity International launched two funds on January 2, covering onshore equity and fixed income, after receiving its private fund management (PFM) licence last May. The move came less than a week after BlackRock got the regulatory green light for its own PFM licence.
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China’s central bank will hold on to its 'neutral and prudent' monetary policy, the central bank of Pakistan encourages businesses to trade with China in renminbi, and the Chinese currency regains its position as the sixth most used global payments currency.
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Bank of China Hong Kong has appointed a long-serving employee of the group as its new chief executive.
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A 30-year banking veteran has joined Standard Chartered to lead one of the most important regions for the firm’s corporate and institutional banking strategy.
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Deutsche Bank’s head of origination for corporate and financials in CEEMEA has moved to one of the bank’s clients as chief financial officer.