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Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions
Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
Paul Gibbs among those departing the firm after long service
Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
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  • UBS has announced it is setting up a new capital structure advisory team, focused on corporates and led by ratings advisory co-head David Bend.
  • The Securities and Exchange Commission of Pakistan (SECP) has made a series of changes to rules governing companies raising capital in its stock market.
  • Maybank has hired Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.
  • Korea Exchange has put together a group of specialists to help attract blue chip companies from Indonesia and Vietnam to list in South Korea.
  • JP Morgan has changed its equity capital markets leadership in EMEA, making a new push in equity solutions and creating a vacancy on the syndicate desk.
  • Barclays beat a hasty retreat this week from the bulk of its investment banking operations in Asia, shuttering offices in multiple countries and slashing hundreds of jobs amid a wider global cull in costs and personnel. It did not pull any punches, with the cuts stretching across the equities, loans and bonds products. John Loh reports.