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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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First Abu Dhabi Bank has hired Eric Chan from Westpac to head its corporate finance business for North Asia. -
HSBC has hired Eddie Wong as a director of loan syndications for Asia Pacific, according to a source close to the move.
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The People’s Bank of China (PBoC) has published a set of long-overdue guidelines to select the country’s domestic systemically important banks (D-Sibs). Banks selected will probably face more stringent capital requirements as Chinese regulators finally launch tougher supervision for the country’s biggest banks.
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HSBC’s anticipated cuts to its global banking and markets (GBM) division may make sense. But they will not be easy to pull off smoothly.
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MSCI will complete its third and largest step of including China A-shares in its MSCI Emerging Markets Indexes and the MSCI China Index after the market closes on Tuesday. In preparation, foreign investors bought Rmb21.4bn ($3bn) of A-shares by 3pm through the two Stock Connect schemes — surpassing the record high of Rmb17.4bn achieved last year.
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Citi has hired two senior real estate focused bankers from HSBC, adding them to its investment banking team in Hong Kong.
