All articles by Kuldeep Jha
Kuldeep Jha
Standard Chartered to cut over 15% of roles by 2030 as AI drive expands
Chief executive Bill Winters said the changes would be felt across the bank’s global network, including hubs in Bengaluru, Shenzhen and Warsaw.
Standard Chartered appoints new group CFO
Separately, the banking giant also appointed Tanuj Kapilashrami as group COO.
Bain Capital closes $10.5bn Asia fund above target
Bain Capital’s Asia private equity business operates through an integrated regional platform covering Japan, India, China, Australia and Korea.
UK finfluencer content is mostly “low quality”, research warns
Only 8% to 9% of posts stated the creator’s relevant expertise. Just 12% to 13% included disclosures or disclaimers.
Citadel denies report linking Hong Kong staff moves to data security
In a statement to Private Banker International, the firm said it continues to recruit quantitative researchers in Hong Kong and Singapore.
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Kevin Warsh confirmed as next Federal Reserve chair
Warsh is no stranger to the US central bank, having served on the Federal Reserve Board of Governors from 2006 to 2011.
HSBC hosts private talks with UK banks over climate-risk disclosures
Representatives from HSBC, Barclays, Santander, NatWest and Lloyds gathered at HSBC’s Canary Wharf offices last week, according to the FT.
Citi changes referral pay for bankers and wealth advisers
In the memo, the bank said it was introducing “partnership awards” across its banking and wealth management operations to reward “meaningful cross-business collaboration”.
SBI, State Street plan Japan fund venture with low-fee focus
SBI is expected to hold a majority stake in the venture and will be responsible for operations, management and sales.
Lazard agrees $575m Campbell Lutyens acquisition to form private capital arm
The acquisition will lead to the creation of a new private capital advisory division called Lazard CL, which will become Lazard’s third global business.