Hong Kong SAR

Mitsubishi UFJ Financial Group (MUFG) has made two senior appointments to its securities business, naming Dong Nam to the newly created position of deputy CEO and Yasutaka Suehiro as head of Asia and CEO.

Société Générale has named David Gore as head of shipping and offshore finance for Asia Pacific, replacing Gareth Williams, who is taking over as head of loan syndicate and sales for the region.

The number of offshore RMB hubs has risen rapidly in the last few years to hit 20 last year. But having more offshore hubs does not necessarily equates to more global usage of the currency, say market observers who are hoping China will adopt a new strategy.

StanChart veteran Lim retires — Lam given top China job at Citi — Citi India banker heads to HDFC Bank — BNP Paribas hires Ratliff for senior role

Another week and another bank has announced a round of cuts. If it continues like this, we bankers are going to become an endangered species — especially as the current earnings season isn’t providing any joy either.

The loans team at Société Générale is seeing changes at the top as José-Antonio Olano, head of loan syndicate and sales for Asia Pacific, is taking on a new role in with the bank in Europe, according to sources.

BOC Aviation started gauging investor appetite this week for its $2bn IPO in Hong Kong, with books set to open in mid-May.

Huawei Investment & Holding Co is out with a new 10 year dollar trade, while China Aircraft Leasing Group (CALC) has also taken off for its debut international bond.

Law firm Clifford Chance has made several senior appointments in Asia Pacific in a bid to strengthen its businesses in the region.

The Asia Pacific loan syndicate team at Société Générale is seeing changes at the top with the current head of the division relocating to Europe.

Yadea Group Holdings has flagged off pre-marketing for its $200m-$250m IPO in Hong Kong, as it looks to open books by the middle of next week, according to sources close to the deal.

A long-time investor in Nexteer Automotive Group raised HK$559.8m ($72.2m) from an accelerated share sale on Monday, in what has been an eerily quiet market for block trades in Hong Kong.