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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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HSBC has named Philip Lee as vice-chairman, southeast Asia, for its global banking franchise. The position is a newly-created one as the bank seeks to beef up its presence in the region. -
Sources close to the listing of Saudi Aramco, the state-owned oil producer, have confirmed that they are working flat out to bring the Saudi company to market before the end of the year, despite attacks on its oil fields over the weekend.
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CIMB Group has rejigged its top management team across multiple divisions and hired a new chief executive officer for its Islamic banking operation.
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In this round-up, China’s industrial profit growth further declined, Chinese state media has hinted at more peacemaking gestures to the US and the London Stock Exchange (LSE) rejected the Hong Kong bourse’s acquisition offer in a strongly worded letter.
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Moody’s has promoted Wendy Cheong as regional head for Asia Pacific, according to a press release.
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Kenny Chan, head of syndicated finance and corporate advisory at Hang Seng Bank, has left the lender, according to sources.
