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The US bank is reshuffling several roles in the Middle East
Senior banker will move to Abu Dhabi to take up position
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Ethan Farbman, Morgan Stanley’s co-head of Asia Pacific fixed income capital markets, will be leaving in the summer, triggering a number of changes at the bank, according to sources.
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HSBC has wooed two bankers from rival bulge bracket firms to join its equity capital markets desk as it beefs up its equities franchise in Asia, said sources close to the moves.
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David So, an executive director for debt capital markets, Asia Pacific, is leaving Natixis to join a competitor.
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Leonard Ng has joined Standard Chartered’s debt capital markets team in Singapore.
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The banking and insurance watchdog sets new indicators to measure Chinese bank liquidity, premier Li Keqiang says markets must have a bigger role in allocating resources, and Bank of China’s data shows offshore renminbi bond yields rising above onshore counterparts.
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China’s central bank commits to better communications with market participants, the China Securities Regulatory Commission says it will do more to support green development in the capital markets, and the government announces upgrades for three free trade zones.