Fund managers both praise and begrudge broad-brush regulation sparked by the collapse of Lehman Brothers five years ago this weekend. In Hong Kong, there is one point of universal agreement.
The bank agrees to buy back equity-linked notes issued to retail investors between July 2007 and May 2008.
Compliance officers at financial institutions outline how the cost of complying with a raft of regulatory reforms is dampening innovation and making it difficult to stay competitive.
Under the Nomura brand, many of the former Lehman Brothers’ Asian prime broking team are back in business.
Ivanhoe Capital hires Jonathan Dubois-Phillips and Blake Olafson who both previously worked for Lehman Brothers.
Mark Gabbay joins the US property specialist as Asia-Pacific CIO, with his predecessor Ian Mackie taking the role of fund president.