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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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Luminor Bank has mandated leads for the first covered bond from the Baltic region. -
Chongqing Rural Commercial Bank is set to become the first rural commercial bank in China to set up a wealth management subsidiary, joining 16 larger banks that have already entered the industry.
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The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has brought a resounding vote of approval from corporations. In just four days, 46 companies have set out plans to tap the equity capital market.
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JP Morgan has promoted a whole new layer of leadership in its investment bank, reaching down to debt capital markets, equity capital markets and M&A. At the top of the tree, Carlos Hernandez has moved from being head of global investment banking to executive chair and has appointed new co-heads of global investment banking.
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JP Morgan has appointed veteran bankers to lead corporate banking divisions in China and Asia Pacific and for its cash management and wholesale payments franchise.
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US-based Oaktree Capital Management has become the first foreign asset management firm to set up a wholly owned subsidiary in mainland China.
