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Corporate broking relationships endure for decades and build deep roots between both individuals and institutions, enabling banks to win outsized revenues from clients they serve. No wonder that a new crop of banks are expanding their ambitions
Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
Paul Gibbs among those departing the firm after long service
Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
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ICBC Standard Bank has hired Kent Hilen into the newly created role of head of international coverage, following the recent creation of an international DCM and syndicate operation.
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In this round-up, MSCI announced that its review of A-shares is underway, eight new institutional investors received RQFII licenses in 2016, Hong Kong saw further falls in RMB deposits and cross-border RMB trade settlement, and Bank of China saw two RMB internationalisation indices drop recently. Plus, a recap of our top stories this week.
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A member of Macquarie’s equity syndication team in Hong Kong is understood to have transferred to another role within the bank.
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The US Securities and Exchange Commission (SEC) looks set for lengthy deliberation after critics lined up to savage its proposed rule on the use of derivatives. The rule would change the way that mutual funds, exchange-traded funds and other investment companies measure risk, and would limit their use of derivatives in ways that could have sweeping effects across the investment management industry.
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Christopher Fok, a member of the equity syndicate team at UBS in Hong Kong, left the Swiss bank last week.
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Critics have lined up to savage a proposed Securities and Exchange Commission rule that would change the way that mutual funds, exchange-traded funds and other investment companies measure risk and limit their use of derivatives in ways that could have sweeping effects across the investment management industry.