RBS Studies Korean Effort

The Royal Bank of Scotland is looking at the potential of an onshore Korean derivatives operation and recently shunted B.C. Kang, head of the Korean coverage desk in Hong Kong, to Seoul to establish a representative office.

  • 04 Mar 2005
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The Royal Bank of Scotland is looking at the potential of an onshore Korean derivatives operation and recently shunted B.C. Kang, head of the Korean coverage desk in Hong Kong, to Seoul to establish a representative office. "We will shortly begin a feasibility study," said Kang, noting the firm could open an onshore banking branch which could allow it access to the growing local derivatives market.

If the study shows demand for the operation, it would then seek managerial and regulatory approval. The bank could kick-start a trading operation by early next year if there was demand.

The move fits with RBS aggressive expansion into the Asian markets in the last few years. Last year it established a regional credit structuring desk (DW, 7/28/03) and earlier this year announced plans to bulk up its equity derivatives presence (DW, 1/28).

  • 04 Mar 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 317,691.74 1201 8.90%
2 JPMorgan 291,227.96 1326 8.16%
3 Bank of America Merrill Lynch 285,088.11 991 7.99%
4 Goldman Sachs 217,749.25 714 6.10%
5 Barclays 209,291.80 811 5.87%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 HSBC 32,320.82 147 6.67%
2 Deutsche Bank 32,259.50 104 6.66%
3 Bank of America Merrill Lynch 28,890.43 85 5.96%
4 BNP Paribas 25,663.29 144 5.30%
5 Credit Agricole CIB 22,617.86 130 4.67%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 18,160.85 71 9.15%
2 Morgan Stanley 15,215.44 76 7.67%
3 UBS 14,195.29 55 7.15%
4 Citi 14,014.57 86 7.06%
5 Goldman Sachs 12,113.98 67 6.10%