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The US bank has made redundant two managing directors as part of a restructuring process under Pranav Thakur, the bank's newly appointed head of fixed income for emerging Asia (ex-Japan, ex Australia), sources close to the bank tell Asiamoney PLUS.
Winston Sie and Cheng Chen left the bank on Friday (February 24).
Sie and Chen had previously been J.P. Morgan's respective heads of China corporate sales and head of China financial institution sales. It is understood that the US bank demoted the two...