Bankers Trust Restructures In Asia, Making Singapore Regional A-P Hub

BANKS

SINGAPORE--Bankers Trust will be shifting its Hong Kong-based capital markets and corporate finance teams to join the bank's treasury unit (including a 30-strong foreign exchange team) in Singapore next month, say bank sources in Asia.

The move will establish the Lion City as Bankers' regional risk management headquarters and a central investment banking hub for Asia. In total, the bank expects to relocate about 50 staff.

The effort is part of a wider restructuring aimed at making emerging ma