BofA, Citigroup trim investing banking headcount in Asia -sources

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Reuters UK

By Selena Li and Kane Wu HONG KONG (Reuters) -Bank of America and Citigroup have cut some investment banking jobs in Asia, people familiar with the matter told Reuters, joining global peers in paring headcount as China dealmaking slows. Bank of America (BofA), which is shrinking its investment banking business globally, did away with around half a dozen Hong Kong-based jobs on Thursday, two people familiar with matter said. David Lam, a managing director in BofA’s Greater China equity capital markets team, and Kevin Yang, a managing director in the bank’s China investment banking team were amo…

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