Daily Dispatches: Asia gets its first bulge-bracket ECM head

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Sam Kendall, the head of Asia equity capital markets at UBS, has been promoted to global head of ECM, making him the first global ECM head at a bulge-bracket firm to be based in Asia. (Finance Asia)

Bank of China has opened in Dubai. (Asian Banking & Finance)

Citigroup has fired Richard Cookson, chief investment officer of its private bank. (Bloomberg)

Meanwhile, Mark Mahaney, who was fired from Citigroup in October for his role in the botched Facebook IPO, has been hired by RBC Capital Markets as a managing director. (Wall Street Journal)

Why Australia “gets” Asia. (Financial Times)

Singapore’s two casinos generated gaming revenues of US$5.9bn last year, according to Citibank, just behind the $6.1bn earned by casinos in Las Vegas. (Financial Times)