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Emerging market specialist moves to Middle East
CSFB and Barclays banker was one of market’s most eminent figures
Senior loans banker leaves Deutsche after 14 years
Bank says it is investing in Middle East and plans more hires
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In this round-up, China’s economy grows at the slowest rate in nearly three decades, the central bank injects a shot of liquidity into the market through the medium-term lending facility and reverse repo, and DBS Bank (China) receives a bond settlement agent licence in the interbank market.
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In the phase one trade deal signed on Wednesday between the US and China, the majority of the agreements focusing on the financial sector are simply reiterations and elaborations of what the Mainland government has already said. But there are now some concrete deadlines in place to open up the domestic market further to foreign firms.
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Industrial and Commercial Bank of China (Asia) has hired two former Hang Seng loans banker to join its global capital finance department in Hong Kong.
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Ex-Goldman's Weber joins Middle East boutique — Giancarlo turns up at Federal Housing Finance Agency — Ferdane takes over coverage job at BNP Paribas
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Martin Weber, a former managing director at Goldman Sachs, has joined a boutique emerging markets-focused investment bank in Dubai.
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The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.