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Westpac has hired Alex Tam, former regional head of business development, Asia Pacific, global trade and receivables finance at HSBC, and Steven Yu, the ex-head of trade finance and cash management corporates at Deutsche Bank, to new roles in Hong Kong.
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Jalal El Hazzat, ex-head of interest rate swaps trading at BNP Paribas in New York, has reportedly left the firm.
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Julius Baer’s Asia chairman Michael Benz will take over as group head of private banking at Standard Chartered, ahead of a restructuring in which interim group head Judy Hsu will become head of wealth products. -
UBS has placed two Asian capital markets bankers on a leave of absence ahead of an internal inquiry into the hiring of Joyce Wei, daughter of the chairman at Chinese private company Tianhe Chemicals.
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The United Kingdom’s government has expanded its help to buy mortgage guarantee scheme to Muslim borrowers – a move aimed at levelling the field for Islamic banks and their customers and which comes as part of a series of initiatives to promote London as a global hub for Islamic finance.
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Bank of America Merrill Lynch has hired Alan Skandan, the former global head of equity derivative sales, hedge funds and alternative asset managers, at Crédit Agricole CIB, as a managing director in equity derivative sales in New York.
