Chennai Stock：Asset trillion dollars financial giants： layoffs!

Ma Long (a pseudonym), a senior analyst who worked in international investment banks for ten years, has been optimized for two months and is still under work.He told the Securities Times reporter that the company will still implement global personnel optimization and cost control plans in the next year, and Hong Kong is part of the plan.

A source told the Securities Times reporter that UBS will launch a new round of layoffs in June this year, and will be divided into five stages. After completing a new round of layoffs, the former Creditsee (Creditsee has co -included into the incorporated into the incorporation.UBS) At least 50 % of employees are affected by layoffs.In this regard, the Securities Times reporter verified the UBS Public Relations Department, but the other party said that he would not comment on a new round of layoffs.Chennai Stock

In June last year, the UBS group announced the completion of the acquisition of Credit Switzerland and became a "Big Mac" bank with a total asset of $ 1.6 trillion. The number of global employees increased by approximately 45,000, reaching about 120,000.

Many investment banks told reporters that due to the sluggish transaction volume in Asia, international investment bank layoffs have swept the Central Ring, and even many Chinese brokers are optimizing personnel.However, some investment banks also told reporters that at present many international investment banking strategies are to optimize high -cost employees and departments that do not make money, while recruiting some low -cost fresh blood to warm reserve talents for the later market.

International Investment Bank's layoffs strike

According to public information, UBS has disclosed the layoff plan after acquiring Creditver last year, involving 30,000 to 35,000, including Hong Kong.According to people familiar with the matter, UBS will set off a new round of layoffs in June this year, and it will be implemented in 5 stages, that is, 6-11 months each has a layoffs, which saves up to 12 billion Swiss francs.

For the above -mentioned layoffs, the Securities Times reporter asked UBS to verify, but the other party said it was inconvenient to comment.It is worth mentioning that it is reported that UBS Asset Management (Mumbai) Co., Ltd. will begin to lay off about one -third of the team of 50 people, including those who have previously recruited for public offering.High -level).

In this regard, UBS spokesman said in a statement that "India is still a key market for UBS, and we will continue to invest in strategic investment."

Not only UBS, Morgan Stanley has also strengthened layoffs. It is reported that its plan has begun to reduce about 50 investment bank positions in the Asia -Pacific region (except Japan), of which at least 80%involve Hong Kong and the Mainland. Hong Kong and the Mainland are expected to have 40 40Many people will be affected in this round of layoffs, which may be the largest layoffs of Morgan Stanley in the Mainland for many years.

Morgan Stanley's financial report in the first quarter of 2024 showed that in the first quarter of this year, operating income reached $ 15.136 billion, an increase of 4.3%year -on -year, of which the income from investment banks was 1.447 billion US dollars, a year -on -year increase of 16%.

In terms of the number of employees, the total of 79,600 as of March 31, 2024, a decrease of 2,656 people from March 31, 2023.

On April 16th, HSBC's layoffs in the Asian Investment Banking department lay off about a dozen BANKER (bankers), and the CEO of Global Banking & Markets Gregguyett pointed out that the Hong Kong new stock market will be at least in the second half of this year.It is possible to recover.He also pointed out that the number of HSBC Holdings in global banks and markets may continue to decrease due to science and technology.

At present, the international investment industry in Central is encountered an unprecedented wave of layoffs.Malone, who was optimized in February, told reporters that this wave of layoffs is mainly due to the slowdown of the global economic slowdown and the downturn in the Hong Kong IPO market.The impact is the most obvious.

Reporter statistics show that since this year, the number of IPO financing and financing amount of Hong Kong has fallen to varying degrees of decline.The number of fundraising was 117, a year -on -year decrease of 3%.

According to Malone, the departments involved in the layoffs of foreign investment banks are mainly investment banking departments, research departments, support and background operation departments.The private wealth management departments in Hong Kong and Singapore have reduced some positions, and the research teams in Hong Kong have also been cut off.

Chinese -funded securities firms have a new trend

Hong Kong's securities industry competition is extremely fierce.Zhao Hongmei, director of the Ministry of International Research Department of China Thailand, told reporters: "On the one hand, the financing market has become smaller.The market shrinks; but on the other hand, the participating subjects have not increased. "

However, one of the highlights is that among the 12 new stocks listed in Hong Kong this year, most of the market share accounts for high market share is Chinese -funded brokerage agencies. Chinese -funded securities firms are constantly exploring the road that suits them.

According to Zhao Hongmei, as the depth and breadth of the qualifications of the Hong Kong Stock Connect have gradually increased, coupled with the expansion of the scope of the ETF qualification ETF of Shanghai and Shenzhen, the demand for cross -border transactions of CITIC, Huatai, and Zhongjin increaseThe scale of changing scale has risen and drove trading financial assets to increase significantly.Head securities firms have been working hard to cooperate in recent years, and use the derivatives trading platform to build as institutional customer traffic entrances and service platforms to jointly increase demand coverage. The income exchange as a net capital occupation business.Fund advantage.

It is reported that "flying southeast" has also become a new direction for many Chinese brokers.Among the institutions that have settled in Southeast Asia, there are already CICC, Haitong Securities, Guotai Junan, China Merchants Securities, Galaxy Securities, Shen Wanhongyuan, Jianyin International, Zhongtai Securities, Soochow Securities, etc. With the improvement of the status of Singapore's financial center, cross -crossing, cross -crossingThe rectification of the exhibition industry in the border brokerage firms, the eyes of Chinese -funded brokers in Hong Kong have begun to "transform from inside and outside", expanding the securities business of Southeast Asia has become a new idea. Some securities companies' Southeast Asian international business has become an important source of revenue.Kolkata Stocks

For example, Galaxy International, according to the 2023 financial report, the company extends the international business network from India Hong Kong to Singapore, Malaysia, Indonesia, Thailand and other places through the Lianchang M & A project, and has entered the Southeast Asian market in all aspects, becoming the most widely network in Asia in Asia.Chinese brokers.

In addition, the revenue of Vietnam and Singapore's subsidiaries in Guotai Junan International is also steadily increasing; Huatai International continues to extend cross -border service capabilities and facilities to the Southeast Asian market; Haitong International is actively promoting wealth management business to family offices and private wealth management business.And use Singapore as the main place of development.

Responsible editor: Ye Shuyu

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