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Senior banker will move to Abu Dhabi to take up position
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Citi has named Jan Metzger as head of Asia Pacific banking, capital markets and advisory (BCMA), a newly created division in the region, according to an internal memo seen by GlobalCapital Asia on Thursday. -
Patrick Kwan, the former co-head of Barclays’ investment banking unit in Asia, has returned to the banking industry with Credit Suisse.
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The political upheaval in Sri Lanka since October led S&P and Fitch to downgrade the sovereign’s ratings this week, following a similar move by Moody’s in November. All three agencies have pointed to heightened refinancing risks, with a weak rupee and rising bond yields restraining the country’s access to capital markets.
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Indian companies should be allowed to list offshore if they meet certain criteria, a Securities and Exchange Board of India (Sebi) committee has recommended. The committee also approved several possible destinations.
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HSBC has tapped two of its veteran bankers as Guangdong co-chief executives, as part of the bank’s push in the Pearl River Delta (PRD) region.
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In this round-up, Donald Trump and Xi Jinping agreed to hold back from new tariffs for 90 days, Bloomberg received the green light from China Foreign Exchange Trade System (Cfets) to become the new trading platform for Bond Connect and CIBM Direct, and UBS obtained approval to acquire a majority share of onshore joint venture UBS Securities.
