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Financial Briefs: News Digest

 consultdb
AcquisitionsAlibaba’s Jack MaIn Deal for ReorientFive investors including Alibaba Chairman Jack Ma agreed to acquire a controlling stake in Hong Kong-listed Reorient Group Ltd. amid growing interest in the city’s brokerages.According to a Hong Kong stock exchange filing on Thursday, Mr. ...

Banks turn to college campuses for loan officer recruits

 consultdb
A steadily improving economy and an acute shortage of experienced commercial loan officers are sending area bankers back to unfamiliar territory: college campuses.As baby-boomer lending officers start to retire, local bank executives are scrambling to fill hundreds of positions critical to reviewing...

Macquarie said to cut Asia banking workforce as deals fizzle

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Macquarie Group Ltd plans to cut about half of its investment-banking workforce in Asia as chief executive officer Nicholas Moore reshapes the firm, people familiar with the matter said.About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified bec...

More Damage Expected For Hong Kong Stock Market

 consultdb
The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had climbed almost 570 points or 2.3 percent. The Hang Seng Index closed just below the 24,500-point plateau, and now the market...

Job search headhunt hk_finance job vacancies in hong kong_headhunter hong kong-Consult DB

 consultdb
Consult DB(http://www.consultdb.com) is a boutique search firm that provides professional recruitment services across a broad range of sectors with a major focus in the banking and finance industry. ConsultDB takes on a wholly unparalleled approach in the process of sourcing top-tier management tale...

Agricultural Bank Profit Unexpectedly Falls as Economy Cools

 consultdb
Agricultural Bank of China Ltd., the first of the nation’s biggest lenders to report fourth-quarter earnings, posted an unexpected decline in profit as net fee income fell and bad-loan provisions swelled.Profit was 27 billion yuan ($4.4 billion) in the three months ended Dec. 31, down from 28....

Here's why investment volume dropped in Q1 2015

 consultdb
The market has become quieter.The Hong Kong commercial property investment market turned quieter in Q1 2015, with transaction volume falling significantly.According to a research note from CBRE, total investment turnover (including transactions worth US$10 million and above, excluding pure land site...

Macquarie said to cut Asia banking workforce as deals fizzle

 consultdb
Macquarie Group Ltd plans to cut about half of its investment-banking workforce in Asia as chief executive officer Nicholas Moore reshapes the firm, people familiar with the matter said.About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified bec...

Essence of banking is in taking calculated risk

 consultdb
HDFC Bank is morphing into a full-scale digital bank and is also exploring opportunities in the semi-urban and rural areas, says MD and CEO Aditya Puri. Edited excerpts of an interview with Business TodayON CHALLENGES IN RURAL AND SEMI-URBAN AREASThe challenges were in the areas of operations, produ...