Australia

Citi has appointed Simon Marrison to the newly created position of director on the general industrials and sponsors team in Australia.

UBS, HSBC make ECM hires — JP Morgan adds Macquarie veteran to IB team — DCM changes at Natixis and StanChart — ABN Amro beefs up transportation and logistics biz — Kim joins HSBC Korea

JP Morgan has hired lifetime Macquarie Capital banker Jim Miller as vice-chairman of investment banking in Australia, according to a source familiar with the matter.

A flurry of changes have taken place in Credit Suisse’s Asia Pacific operations.

Zurich Insurance sold its first bonds in the Australian dollar market this week, as it looks to finance its recent acquisition of Australia and New Zealand Banking Group’s life insurance business.

Credit Suisse has made two new hires for its electronic trading business in Australia, as it adds resources to launch a new algorithmic platform in the region.

A trio of Australian issuers had a mixed response to their corporate bond issuance this week. Sydney Airport was priced with no new issue premium, but compatriot Stockland found itself paying a 20bp premium two days later.

Australian property company Stockland was the first Australian issuer to sell a green bond in Europe in 2014. The company finally returned to the euro market on Thursday, but chose not to go with a green bond, on the same day as compatriot Ausgrid chose to price its new deal.

Caisse Francaise De Financement Local (Caffil) found good demand for a €1.5bn 10 year with a final spread close to what it could have achieved before the covered bond purchase programme begun. The deal followed a €1bn five year from Commonwealth Bank of Australia (CBA).

Digital Asset, the financial services distributed ledger firm headed by Blythe Masters, said on Wednesday that it had hired a JP Morgan executive to work on its project with the Australian Stock Exchange (ASX).

Bank of China (BOC) returned to the bond market with a Belt and Road blockbuster this week, raising around $3.2bn from a multi-tranche, multi-currency deal. Addison Gong reports.

Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.