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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, US president Donald Trump threatened to raise tariffs again if a phase one deal is not reached, China is planning to set up a fund to promote its manufacturing industry and the US Senate passed the Hong Kong Human Rights and Democracy Act.
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In this round-up, the China Europe International Exchange (Ceinex) is working on establishing a Stock Connect scheme between China and Germany, the National People’s Congress criticises the Hong Kong High Court’s decision around the anti-mask law and the People’s Bank of China lowers its benchmark interest rates.
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The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.
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Veteran Citi banker Pramit Jhaveri is retiring, bringing the curtain down on a 32-year career at the US firm.
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Vicky He rejoins CS — SG adds to Greater China team — Nomura promotes Tiwaari — UBS Apac ECM vice-chairman leaves — Sternby returns to UBS
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Samir Assaf is to step down as chief executive of HSBC’s global banking and markets (GBM) business in the New Year, as a prelude to a restructuring of the division.