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BBVA pares Asia equity sales and structuring team

Joe Marsh
The Spanish bank’s equities unit has taken a substantial hit in headcount – including salespeople and structurers – as part of a cut in global markets staff in Asia.
BBVA pares Asia equity sales and structuring team

Banco Bilbao Vizcaya Argentaria has halved the size of its equities team in Asia, which has a strong focus on selling products to institutional investors. This comes as part of a cull in December of one-third of its 85 global markets staff in the region.

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