Westpac boosts senior ranks in Hong Kong as it looks to dominate ‘China corridor’

Westpac, one of Australia’s leading banks, is developing its broader Asian franchise with a clutch of senior appointments in Hong Kong. Alex Tam is joining from HSBC to be head of corporate and institutional banking for Hong Kong, while Steven Yu comes from Deutsche Bank to run Trade Sales in North Asia.

  • By Mark Baker
  • 11 Feb 2014

Tam was at HSBC for more than 20 years, most recently as regional head of business development, Asia Pacific, for global trade and receivables finance. Yu was head of trade finance and cash management corporates at Deutsche in Hong Kong.

The new hires come on top of two internal ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Goldman Sachs 1,472.64 4 9.31%
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3 China International Capital Corp Ltd 1,340.29 6 8.47%
4 UBS 1,119.14 7 7.08%
5 Morgan Stanley 1,105.27 8 6.99%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,431.62 41 10.56%
2 JPMorgan 3,619.90 21 7.04%
3 Citi 3,555.05 26 6.91%
4 UBS 2,356.80 22 4.58%
5 Deutsche Bank 2,285.67 18 4.44%

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