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CLSA has taken the next step on the build out of its capital markets business with the hire of a veteran banker run to run investment banking. The brokerage has been steadily building up its IB expertise since the merger with Citic Securities.
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South Korea’s Financial Services Commission (FSC) is trying to lift its anaemic stock market out of its slump with a raft of new measures, but market participants have been left underwhelmed.
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The Securities and Exchange Board of India (Sebi) is making it easier for retail investors to participate in share sales, as some big government-led divestments line up to hit the market.
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The launch of the Shanghai-Hong Kong Stock Connect has not dampened enthusiasm for the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme among asset managers looking to get access to Chinese markets. UK-based Baring Asset Management is the latest to have picked up an RQFII licence and it is eyeing the scheme as a way of investing in Chinese A shares.
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Standard Chartered has promoted to Dave Murray to global head of research following the departure of Walkling. Meanwhile, Stewart Callaghan has been moved to fill Murray’s former position.
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Société Générale has appointed Jan Rekowski as head of equity capital markets in Poland, as it seeks to develop its brokerage activities on the Warsaw Stock Exchange.