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Specialist moves after 18 years in the market
Banker is moving to Greece as focus grows in connecting its capital markets and banking sector to international investors
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The UK bank has appointed Sriram Muthukrishnan from Standard Chartered to be its new head of business development for trade and receivables finance in Asia. -
Ignis Asset Management’s former head of credit is leaving the firm to join Twenty Four Asset Management, following Ignis’s takeover by Standard Life last month.
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Element Financial Corporation has added six US structured products experts to its transportation finance team in Connecticut, including a managing director from Credit Suisse.
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CIMB is set to create Malaysia’s largest bank through a three way merger with RHB Capital and Malaysian Building Society. The institution could become a Southeast Asian giant, provided it can take full advantage of the synergies it needs to conduct.
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Turkey’s Islamic banks will have three state owned rivals rather than the two analysts had been expecting, according to statements from Turkey’s deputy prime minister this week. A state-owned trio with Islamic operations would inevitably cut into the existing Islamic banks’ market share, but some of Turkey’s Islamic banking practitioners managed to find a silver lining to the impending competition.
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Authorities in Pakistan’s north west region of Khyber Pakhtunkhwa have pledged Pr1bn ($10m) to a Shariah-compliant microfinance scheme for local entrepreneurs.
