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Top Wall Street bank Goldman Sachs (GS.N) is already looking to cut costs to boost profit and recently promoted the smallest group as partners since the bank went public in 1999, according to an IFR News report. For the current year, Johnson expects modest increases in incentives across all financial services, with the exception of investment banking advisory, which is expected to see a drop in bonuses. Investment banking advisory was comparatively lower from a year earlier, which is why the business is not expected to pay out as much as it did (in bonuses) last year, the compensation firm told Reuters replica cartier cufflinks uk sale.
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SINGAPORE (Reuters) – Noble Group Ltd is set to appoint Ian Potter, a former senior banker at Morgan Stanley, as its next chairman in a few weeks, just as the commodities trader seeks to complete its $3.5 billion debt restructuring, sources with knowledge of the matter said on Monday replica cartier cufflinks uk sale. Singapore-based Potter has been working with Noble in an advisory capacity for the past few months, said one of the sources, who declined to be named as Singapore-listed Noble has not made any official announcement about its next chairman..
Reuters was not able to contact Potter and an external spokeswoman at Noble had no immediate comment on the subject replica cartier cufflinks uk sale. Potter is a managing partner at Lion City Capital, a private investment company. He previously had a nearly two decade stint at Morgan Stanley, where he was the head of its Asia commodities, among other roles, according to his LinkedIn profile. Paul Brough, a restructuring veteran and Noble’s current chairman, brought the firm back from one of the biggest near-death corporate experiences in Asia and had said he would step down once the restructuring was completed..
Noble’s next chairman will be tasked with steering the company into profitability as it transforms itself into an Asian-centric trader mainly dealing with coal, freight and liquefied natural gas replica cartier cufflinks uk sale. Noble is seeking approval from a UK court and a Bermuda court for its restructuring and payment to creditors, in what would mark its final hurdle to completing the debt-for-equity swap. Faced with the prospect of insolvency, Noble’s shareholders reluctantly backed its restructuring. The Financial Times reported on Monday that Potter had emerged as the frontrunner to be the next chairman of Noble..