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The US bank is reshuffling several roles in the Middle East
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BCS Global Markets has Edward Shek to head its equity trading desk. Before joining BCS, Shek was head of CEEMEA cash trading at JP Morgan. -
Vice-chairman of the Depository Trust & Clearing Corporation Larry Thompson has retired after 37 years working at the firm.
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MUFG went to the buy-side to hire a new head of institutional investor sales for the US.
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Regulators agreed to impose a tighter identification regime for southbound trading of Stock Connect, foreign direct investment (FDI) into China dropped for the third month, and the Ministry of Finance (MoF) confirmed temporary import tariff cuts for automobiles from the US.
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In this round-up, total social financing (TSF) rebounded in November, auto sales plummeted for the fifth consecutive month, and Standard Chartered’s renminbi globalisation index (RGI) fell for the first time in six months.
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Goldman Sachs International conducted business with Lars Windhorst, the colourful German financier, despite warnings from its compliance department that he was a high risk counterparty.
