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  • BNP Paribas and Crédit Agricole have hired new head traders for their high yield bond business, according to sources on Monday.
  • UBS’s electronic bond trading head Mark Russell, who ran the firm’s Bond Port platform, has left after 19 years, GlobalCapital understands, and is said to be joining Tradeweb, an electronic trading platform.
  • Asia is overloaded with infrastructure projects hungry for financing, even though there is money to fund them. How to bring the two together is the question raised by panellists at the Asian Development Bank’s annual meeting in Japan — and for some local currency lending is the way forward.
  • The FICC Markets Standards Board (FMSB) published the final version of its guidelines on best efforts primary market syndications for fixed income in Europe on Tuesday, as it now looks to move on to tackling secondary market impacts of the new issue process.
  • LSE Group is pushing ahead with a plan to launch a debt venue to rival Ireland's and Luxembourg’s professional markets, which have built commanding positions with relaxed disclosure rules and easy listing requirements. But the UK government is dragging its feet on tax reforms that are crucial to the project.
  • Tikehau Capital has appointed a new head of its London operations.