Australia

Goldman Sachs has recruited two bankers from Macquarie to run its Australian equities business, according to a memo that GlobalCapital Asia has seen.

HSBC’s former Asia Pacific leveraged and acquisition finance head Lyndon Hsu is understood to be heading to Standard Chartered to lead its levfin business.

ANZ has named Gavin Chappell as the head of loan syndications for Australia, poaching him from Westpac.

The Bank of Queensland’s (BoQ) conditional pass through (CPT) covered bond works differently from Dutch CPTs as there is a higher likelihood of prepayment.

JP Morgan’s Rob Priestley is bowing out as CEO for Australia after a 15 year stint, according to a source familiar with the matter.

Rabobank plans to roadshow its debut covered bond next week, while Banco Comercial Portugues will begin marketing a deal after an eight year absence. And after publishing an offering circular this week, Bank Queensland (BOQ) is expected to announce its first deal soon.

Westpac enjoyed a strong covered comeback for a two part euro offering on Thursday and, despite concerns about the performance outlook for non-eurozone bonds, the transactions were priced with barely any concession.

The Bank of Queensland (BOQ) has published an offering circular for its newly established covered bond programme rated triple-A with Fitch and Moody’s, suggesting a roadshow could soon be announced for the first Australian conditional pass-through covered bond.

National Australia Bank is selling its private wealth business in Singapore and Hong Kong, as it looks to simplify its structure and focus on corporate and institutional banking.

Bumi Serpong Damai and ICBC Sydney jumped into the debt market on Tuesday, capitalising on the positive market sentiment following the French presidential election.

ANZ’s cash profit jumped 23% in the six months ending March 31, buoyed by the lender’s moves to restructure its business and hive off some of its retail and wealth units.

Westpac has mandated leads for a roadshow to look at issuing a senior unsecured or covered bond in euros. The tight spread between the two asset classes could restrict covered bond supply.