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Management simplified as former DCM banker joins as co-CEO
Specialist moves after 18 years in the market
Departure follows ABS syndicate losses
Bond market digitisation starts with the paperwork
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  • Mark Catton, head of UK corporate banking at Royal Bank of Scotland, is leaving the bank, GlobalCapital understands.
  • UBS has appointed Paul Au and Patrick Liu as co-heads of Asia DCM, finally filling a role left empty by the departure of Guy Wylie in June 2012.
  • Morgan Stanley’s former head of China debt capital markets, Vivien Gui, has joined Deutsche Bank, GlobalCapital Asia understands.
  • UBS has appointed Paul Au and Patrick Liu as co-heads of Asia DCM, finally filling a role left empty by the departure of Guy Wylie in June 2012. The appointment takes effect immediately.
  • The Hong Kong Monetary Authority is asking banks to review and improve their procedures for selling high yield bonds after recent onsite inspections identified a number of cases where its guidelines were not being met.
  • Bond and equity activity slumped in the first quarter of this year with both posting double digit falls in trade volume. However there are some bright spots with offshore renminbi activity reaching a record and technology stocks in vogue.