Salomon Smith Barney is boosting its presence in Asia

Article Abstract:

Salomon Smith Barney, a US-based brokerage firm, is improving its presence in the Asian region, notwithstanding the financial crisis. The company is expanding in Singapore and Malaysia, one of the latest moves that propelled the company to increase employment from 400 in 1997 to approximately 1,000 at present, when competitors such as Peregrine, BZW and Yamaichi Securities are absorbing the ill effects of the crisis. The company's Asian operations' chairman and CEO, Robert Morse, said that the global market needs services that have an adequate presence in Asia and that it would be a mistake to be derailed by the crisis.

Comment:

Is improving its presence in the Asian region, notwithstanding the financial crisis

Asia, Securities Brokerage, Stockbrokers, Article

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Salomon Smith Barney is boosting its presence in Asia

Article Abstract:

Salomon Smith Barney is expanding in Singapore and Malaysia, according to Robert Morse, the chairman and CEO of Salomon's presence in Asia. The company's move comes at a time when many other brokerage houses in Asia are closing down in the wake of the region's economic turmoil. The company decided that to provide investors an accurate contrast of brokerage houses worldwide, Salomon had to expand its Asian operations.

Commodity Contracts Dealing, Commodity contracts brokers, dealers, Commodity Brokers, Foreign operations, Singapore

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Malaysia adviser's invitation sparks talk: meeting heralds early end to facet of capital controls, some speculate

Article Abstract:

Malaysian financial adviser Salomon Smith Barney's invitation to several major institutional investors for a meeting will usher in an early conclusion to the 12-month lock-up period the administration has declared on Sep 1, 1998 for foreign holders of Malaysian stocks. Several observers suspect that Malaysia is willing to move up the one year timetable.

United States, Administration of General Economic Programs, Foreign Investment Regulations, Management, Economic policy, Investors, Foreign investment laws

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