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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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Swedbank is trailing a data-driven approach to sustainable loan origination that uses technology to automatically generate sustainable lending opportunities.
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Bank of America has hired a Hong Kong-based director in its technology, media and telecommunications (TMT) team, GlobalCapital has learnt.
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In this round-up, China’s macro leverage drops on a year-on-year basis for two consecutive quarters, Ping An Insurance Group plans to invest up to Rmb50.75bn ($7.84bn) in troubled conglomerate Peking University Founder Group, and the securities regulator has put more weight on the pre-listing education process of domestic IPO candidates.
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Foreign banks are expanding their presence in the Chinese central bank’s open market operations, after Deutsche Bank (China) became the latest to gain a primary dealer qualification.
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In this round-up, US president Joe Biden identifies China as a key competitor, both the official manufacturing and services Purchasing Managers’ Index (PMIs) come weaker-than-expected this month, and regulators ask 13 financial technology companies including Tencent Holdings and ByteDance to examine their businesses and fix the problems.
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Veteran banker Ronny Chng, from United Overseas Bank has passed away, according to an Asia Pacific Loan Market Association announcement.