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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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Goldman Sachs has poached Srijith Nair from Barclays to lead its southeast Asia financial institutional group business. -
In this round-up, Beijing and Washington pledge to fight climate change together, Citi plans to set up onshore securities and futures companies as it ends consumer banking operations in 13 markets including China, and the banking and insurance regulator reassures the market that Huarong Asset Management Co’s operations are stable.
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Scotiabank has hired a new head of syndication in New York, GlobalCapital understands.
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In this round-up, the Chinese economy rebounds at a fast pace from a year ago when the Covid-19 pandemic hit, regulators vow to manage hidden debt risks at local governments, and two existing shareholders agree to pump $250m into Luckin Coffee.
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DBS Bank is aiming to reduce its thermal coal exposure to zero by 2039, joining a group of global investors and banks that have made similar commitments to tackle climate change.
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A planned restructuring of China’s Ant Group into a financial holding company has raised questions — and fuelled speculation — about when the firm is able to revive its derailed IPO and how it will be valued. Addison Gong reports.
