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Banker had been with Dutch lender for just over a year
Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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Allianz Global Investors has added two funds to its suite of emerging markets debt products. One is an socially responsible investment (SRI) bond fund, and the other an SRI fund focused on corporate debt. The funds are the first of their kind the company has launched. -
The People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (Safe) have set new rules on cross-border capital management for Chinese Depository Receipt (CDR) issuers. Meanwhile, the Shanghai tech board’s listing committee will give its verdict on three candidates on June 5.
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MUFG has filled another key position in the APAC region by naming Richard Yorke as head of global corporate and investment banking (GCIB) for Asia Pacific.
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The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) have taken control of Baoshang Bank, a mid-sized regional bank, the PBoC said last Friday evening. The takeover will last a year.
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In this round up, the China Securities and Regulatory Commission (CSRC) gave permission for eastbound Sino-Japan ETFs, Shanghai Stock Exchange (SSE) set up a scheme for investors to trade defaulted or high risk bonds, and the head of the Chinese banking regulator warned traders of ‘huge losses’ if they shorted the renminbi.
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In this round up, the US government is considering blacklisting five other telecom companies, the People’s Bank of China (PBoC) intervened three times in the renminbi FX market and two of the four mega banks are ready to launch their own wealth management subsidiaries
