Singapore

Dominique Jooris has left Goldman Sachs to become chief executive of Bank Pictet & Cie in Singapore.

Law firm Norton Rose Fulbright has hired a derivatives and structured finance to its Singapore office as partner.

The Singapore Exchange’s offer for the Baltic Exchange is the latest in a long line of moves by the Asian bourse to search for new ways to grow. But buying the Baltic Exchange won't be a solution, and the SGX is better off looking for opportunities closer to home.

Property developer Frasers Centrepoint is likely to begin bookbuilding on Friday for a potential S$900m ($651.5m) real estate investment trust IPO in Singapore, a source close to the deal told GlobalCapital Asia.

Commodities trader Gunvor Singapore has increased the size of its latest loan to $1.041bn from the launch size of $750m, signing the deal on May 25, according to sources.

European issuers are tapping into select pools of liquidity in Asia, with Taiwan and Singapore proving they can deliver both size and cost effective funding. And as deal volume in Asia declines, European bonds are also benefiting from a higher take up from Asian central banks and sovereign wealth funds. Rashmi Kumar reports.

The position of treasurer at the Asia Pacific Loan Market Association (APLMA) has changed hands after eight years.

French lender BPCE became the latest bank to shore up its Basel III tier two capital in the Singapore dollar bond market this week.

DBS Bank in Singapore this week issued its first deal in Australian dollars, the first covered bond from an Asian lender and the first benchmark sized Kangaroo covered bond of the year.

ABN Amro has given Brian McGirr a new role as head of debt solutions for Asia, and also named two internal transfers to his team.

China Huarong Asset Management and Midea Group are out with their respective dollar offerings while France’s BPCE is attracting bids for a Singapore dollar-denominated Basel III tier two.

Singapore Exchange (SGX) said it has entered into exclusive discussions with the Baltic Exchange for a possible cash offer for 100% of the shipping-based bourse.