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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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Bond market participants in Latin America are gradually accepting that Zoom video calls will become a permanent feature of their job. However, in this particularly travel-intensive segment of capital markets, when it comes to selling a product, neither issuers nor bankers appear willing to cut down visits to clients in a region where personal trust is arguably more important than anywhere else. -
BlackRock and Neuberger Berman are looking to set up wholly-owned mutual fund businesses in China, which this week loosened ownership restrictions for foreign asset managers.
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The US Federal Reserve’s Tuesday action to set up a repo market with other central banks has provided further ammunition in the fight for global dollar liquidity.
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China’s State Council has unveiled details on yet another stimulus package to support its economy, including more local government bonds, lower interest for loans and a potential cut in the reserve requirement ratio for smaller banks.
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MUFG Bank has named Pierre Ferland as co-head of global markets for Asia, moving him over from the investment banking division.
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HSBC has promoted two bankers internally to head up its capital markets business in the Middle East, North Africa and Turkey.
