UniCredit resumes Asia-Pacific reorganisation
HONG KONG - UniCredit is relocating its fixed-income and currencies (FIC) division for the Asia-Pacific region to Singapore from Hong Kong, in an effort to streamline its legacy businesses.
Plans to merge the businesses took a back seat in the wake of the collapse of Lehman Brothers in September, leaving multiple entities operating under UniCredit Group. In the region, this includes UniCredit (UCI) Hong Kong, UniCredit Shanghai, UniCredit Beijing, HVB Hong Kong and HVB Singapore.
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