“Yes, there was a restructuring and I was restructured out with the regional roles brought back to Malaysia,” said Singapore-based Yong in a telephone interview.
“This is the sad state of the financial industry which is going through a transition.”
RHB joins other financial firms in revamping its operations amid cost pressures. CLSA Ltd, the brokerage owned by China’s Citic Securities Co on Monday shut its US equity research operations, dismissing more than half of its workers in the country.
Fidelity Investments is offering buyouts to 3,000 vetera…
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