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Sberbank is merging its corporate banking and Sberbank CIB divisions and plans to complete the integration by the end of 2018, with deputy chairman Anatoly Popov heading the combined entity. -
While discussions around the possibility of a formal Southbound channel for Bond Connect continue, Chinese regulators have been testing the ground with new initiatives that allow onshore securities houses to tap overseas bonds, GlobalRMB has learned.
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China Minsheng Banking Corp has lost its team head of the corporate banking department, according to a source close to the situation.
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Fortune Fountain Capital, a financial services firm, has hired loans banker Hei Man Leung from China Minsheng Banking Corp.
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Credit Suisse has rejigged the leadership of its private bank in Asia, making Francois Monnet and Benjamin Cavalli heads of the division for north and south Asia respectively.
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Jose Arnulfo “Wick” Veloso has resigned from his position as president and chief executive of HSBC Philippines.
