Bank of America has appointed two senior managers in Shanghai to drive further expansion of the bank’s Global Treasury Management business in Mainland China. Emily Hua Ying has assumed the role of Global Treasury Management Product Manager, China and Karen Chan Qing has been appointed Head Global Treasury Management Sales Manager for Multinational Corporations, China. These two newly created roles are part of an aggressive push by Bank of America to significantly increase its personnel in China. In the next twelve months the bank plans to increase staff by more than 130 new employees.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.