Standard Chartered to Expand Banking Services for Asia's Rich [The Telegraph]
Standard Chartered bank plans to add about 800 staffers over the next 12 to 18 months to serve Asia's affluent professional class. The service, officially launched in Singapore last week, targets the "emerging affluent." (The mistaken headline is the Telegraph's, not eFC's.)
'Cruz Missile' Lifts Off With New Hedge Fund [WSJ]
Former Morgan Stanley co-president Zoe Cruz is the latest Wall Street star to launch a hedge fund firm. Her vehicle, Voras Capital Management, with offices in New York and Hong Kong and one awaiting approval in London, has raised $200 million for a global macro fund and a credit opportunities fund. Cruz has hired a number of ex-colleagues from Morgan Stanley, including Ellen Brunsberg, Philip Newcomb, Jialin Liu, David Irving and Justin Worrall.
Berkshire May Scale Back Derivative Sales After Dodd-Frank [Bloomberg News]
Warren Buffett's Berkshire Hathaway may scale back offering new derivatives contracts because the new law will require collateral be posted and will impact market pricing.
Employers' Wacky Interview Questions [Fortune]
Some job-seekers and career experts report a mini-revival of goofy trick questions like "What animal (or tree or color) would you be?" But instead of preparing to hit the spitball, candidates do better to study up until they learn the company and the industry "inside out," says J.P. Hansen, president of Omaha-based Hansen Executive Search.
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