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Frédéric Despagne will also lead equity and derivatives sales across EMEA
Zafar Khan and Andrew Tusa join as UK country head and vice-chair of UK advisory and financing solutions, respectively
VanZandt moves from Morgan Stanley, Schultz promoted
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Banks in the EU have spent the last four years changing the terms and conditions of new issues to create a sense of certainty over how English law bonds will be treated after Brexit.
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In this round-up, total social financing (TSF) growth in July is below expectations due to a steep fall in new renminbi loans, the banking industry’s profit growth turns negative for the first half of 2020, and Baidu’s video unit iQiyi says it is under the scrutiny of the US securities regulator.
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In this round-up, China produces a sanctions list in response to a similar move by the US, multinational companies raise concerns on US president Donald Trump’s executive order against Tencent’s WeChat, and Chinese telecommunications firms will be barred from taking part in India’s 5G trial.
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Singapore fintech BondEvalue launched BondbloX Bond Exchange this week, which claims to be the first blockchain-based exchange in the world, with the maiden trade executed on a bond from commodities giant Olam.
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The coronavirus crisis has reshaped many aspects of finance, but not the line-up of top investment banks. It does appear to have pressed some firms into sharp decisions, though.
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As investment bankers got used to working from home in the first half of the year, many more whistleblowing cases were opened by the UK’s Financial Conduct Authority. Meanwhile, challenges around monitoring staff and forging a bank’s internal culture have not gone away just because the workforce is outside of the office.
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