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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • CLSA has shuttered its domestic equity research business in the US, resulting in the loss of some 90 jobs in research, sales and trading and corporate access.
  • SAIC-GMAC Automotive Finance is set to make its first auto ABS appearance this year with a Rmb4bn ($582m) Rongteng 2017-1 Retail Mortgage Loan Securitization — the first time it is securitising a subsidised portfolio.
  • Air India is set for a quick return to the loan market, launching a request for proposals (RFP) for a $250m deal that is divided into a senior and a junior piece.
  • Goldman Sachs has given additional client coverage responsibilities to its Australia and New Zealand co-heads of investment banking services (IBS) Joe Fayyad and Zac Fletcher, according to two memos on Tuesday seen by GlobalCapital Asia.
  • India’s Avenue Supermarts, the owner of supermarket chain D-Mart, has set the price range for its IPO, which could raise up to Rp18.7bn ($280m), according to a banker on the deal.
  • Credit Suisse has made some senior level changes to its Asia Pacific global markets team, which underwent a restructuring in the middle of last year.
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