Íslandsbanki (ISB), a Norwegian Icelandic financial group, has announced plans to open a representative office in Shanghai, China, in 2006. “With a representative office we will be in a better position to service our customers in China and Asia. We have seen an increasing number of Icelandic and Norwegian companies establishing, or planning to establish, operations in China and Asia”, said Bjarni Ármannsson, chief executive officer at ISB. The new office’s primary business activities will be to develop relations with clients in China, focusing on the food sector, sustainable energy and shipping.
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.