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Change reflects growing importance of Saudi Arabia
Better read on secondaries would help syndicates price bonds
Third Saudi capital markets banker to leave in recent months
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In this round-up, China’s central bank cut the required reserve ratio by 50bp on Monday, domestic financial institutions have been told to price loans based on the new benchmark and regulators have published draft rules on dealing with corporate bond defaults.
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Global law firm Dechert has hired Maria Tan Pedersen as a partner in its Singapore office, in a bid to expand and strengthen its corporate and securities practice in the region, it said on Monday.
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Damien Loynes has been appointed head of syndicate for Europe, the Middle East and Africa at Crédit Agricole.
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The Securities and Futures Commission has fined RHB Securities Hong Kong HK$6.4m ($821,516) for failing to comply with a number of regulatory requirements.
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Singapore-based Orient Futures International has become the latest trading and clearing member of the Singapore Exchange (SGX) derivatives market.
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Burak Kaya is joining MUFG Turkey to lead its corporate banking activity for non-Japanese firms.