With new school uniform, banker dressed for tech

It is a truth universally acknowledged that a single man in possession of a fortune should not wear a t-shirt to work. But apparently no-one has told a whole generation of scruffy tech teenagers.

  • By Taipan
  • 11 Jul 2019
Email a colleague
Request a PDF

I have written many times in these pages about my love of the Captain’s Bar, but it bears repeating. I particularly admire the dress code — there are no torn jeans or gaudy flip-flops allowed in that hallowed place.

It was while enjoying a drink in the Captain’s recently that I met an equally well-dressed, middle-aged Chinese banker. He saluted me groggily, his burgundy waistcoat threatening to burst asunder under his considerable bulk.

He seemed eager to talk and told me he is an MD at a Chinese securities house. He recently saw a colleague leave banking to join a machine learning start-up. My rotund companion teared up as he recounted the story.

“My friend has to pretend he’s 10 years younger than he is,” he wailed. “They’re all so young. So horribly, horribly young.”

I immediately understood his frustration. Being forced to fake youth is an insult to experience.

I felt an urge to lay my hand on the poor chap’s shoulder, but somehow it couldn’t leave the Montrachet in front of me. Instead, I bestowed upon him the same forgiving smile I gave to my daughter on her wedding day and let him continue.

“He used to wear Harris tweed suits to work,” the man cried. “Sometimes even with a bow tie. Now he opts for Under Armour. Every day.”

I asked him whether Under Armour t-shirts were de rigueur for the whole company. “No, no, that’s only for management,” he said. “The rest of them wear Uniqlo.”

  • By Taipan
  • 11 Jul 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.56
2 Industrial and Commercial Bank of China (ICBC) 16.09
3 China Merchants Securities Co 11.38
4 Agricultural Bank of China (ABC) 6.90
5 HSBC 5.75

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,410.71 44 7.40%
2 CITIC Securities 10,076.72 56 7.16%
3 UBS 8,138.26 58 5.78%
4 Morgan Stanley 8,137.73 53 5.78%
5 China International Capital Corp Ltd 7,629.46 48 5.42%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 25,895.51 225 8.46%
2 Citi 19,878.62 143 6.49%
3 JPMorgan 15,342.51 106 5.01%
4 Standard Chartered Bank 13,932.50 138 4.55%
5 Bank of America Merrill Lynch 11,261.66 88 3.68%

Asian polls & awards

  • Now open! GlobalCapital Asia Capital Market Awards 2019

    GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, which reward the most impressive transactions and investment banks of 2019.

  • GlobalCapital reveals SRI Award nominations

    GlobalCapital has published the nominations for its Sustainable and Responsible Capital Markets Awards. The winners will be announced on September 17, at our Awards Ceremony in Amsterdam.

  • GlobalCapital SRI Awards: poll extended

    In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

  • GlobalCapital opens 2019 poll for SRI Awards

    GlobalCapital has launched its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants are invited to participate.

  • GlobalCapital launches Sustainable Financing and Investing Survey

    GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.