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Emerging market specialist moves to Middle East
CSFB and Barclays banker was one of market’s most eminent figures
Senior loans banker leaves Deutsche after 14 years
Bank says it is investing in Middle East and plans more hires
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A Dutch court has ruled that Royal Dutch Shell is partly responsible for climate change and must reduce its global carbon emissions — including those caused when customers burn its products — by 45% from 2019 levels by 2030. If the ruling is sustained on appeal it would cause a seismic shift in the balance of power on climate change, with huge implications for financial markets.
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BNP Paribas has made two appointments to its global markets team in Asia Pacific.
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Credit Suisse has appointed Alois Müller as head of private and alternative markets for Asia Pacific, a newly created position, according to an internal memo seen by GlobalCapital Asia.
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In this round-up, Chinese president Xi Jinping has promised $3bn in additional support to developing countries fighting the pandemic, the State Council explicitly bans bitcoin mining and trading as part of an intense crackdown on cryptocurrencies, and Liaoning province is set to welcome a new city commercial bank.
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Citi has picked global head of trade Ebru Pakcan to be its new head of EMEA emerging market coverage.
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Nomura’s Asia ex-Japan healthcare investment banking head, Vijay Karwal, has left the firm after a three year stint to join a biopharmaceutical company.