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BNPP is rebuilding strength in advisory in France
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  • The overallotment option of the Logista IPO, which saw Imperial Tobacco spin off part of its southern European logistics firm Altadis, has now been fully sold.
  • Sharon Bowles, who chaired the ECON committee of the European Parliament from 2009 to 2014, and was instrumental in all of the recent European Union’s financial market and banking reforms, testified to the UK House of Lords on Tuesday, exposing the inner workings of the financial regulatory agenda.
  • Saudi Arabia’s financial regulator’s announcement on Tuesday that its stock market would be opened to international investors was welcomed by bankers across the markets, but their excitement was tempered by caution until more details of the reforms are revealed.
  • Nomura has made high level changes to its Asia ECM syndicate team, moving head of Asia ex Japan equity syndicate Seamus Hanly to London according to an internal memo seen by GlobalCapital Asia.
  • The Securities and Exchange Board of India (Sebi) released a set of draft rules on July 17 for the setting up infrastructure investment trusts in a bid to reduce the funding pressure on infrastructure projects in the country.
  • US-based index provider S&P Dow Jones announced this week that, after a market consultation, it had decided not to include Chinese A-shares in any of its global products. The decision follows similar conclusions reached recently by competitors FTSE and MSCI.