Daily Dispatches: Asian risk head becomes global risk head at Citi

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Asia is now so important for Citi that its Asian risk head has been made head of risk globally. (Finance Asia)

UBS’s former Asian debt capital markets and leveraged finance head Guy Wylie has joined RBS in Hong Kong. (Wall Street Journal)

Macquarie Group would gain from selling or closing its underwriting and loss-making securities businesses, according to UBS analysts. Ongoing losses after bonuses “across its equities and investment banking businesses will inevitably force Macquarie’s management and board to reassess its strategy,” they said. (Bloomberg)

China Minsheng is opening an investment banking unit in Hong Kong. (Asian Banking & Finance)

KKR continues its Asian investment expansion. (Wall Street Journal)

Basel III has been good news for banks and could be good news for banks’ hiring. (Evening Standard)

Robert Walters has said there’s no sign that the ‘challenging conditions’ will improve in 2013. (Bloomberg)

Rachid Bouzouba, global co-head of equities at Nomura until March 2011, has joined Mariana Capital Markets as a founding partner in Asia. Mariana was set up by a former Lehman risk professional. (Financial News)

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