Singapore

Australia’s Westpac Banking Corp has hired an experienced economist to head up its macro strategy team for Asia.

China SCE Property Holdings scooped up HK$1.6bn ($204.5m) from an overnight block on Thursday that was timed to perfection, taking advantage of a share price rally to its highest point for the year.

ICE Futures Singapore, the energy, metals and forex derivatives exchange owned by Intercontinental Exchange (ICE), has admitted its fifth member, SinoPac Futures, based in Taiwan.

Former Barclays banker Hardik Dalal started in a newly created executive director position at MUFG Securities Asia on Monday.

Cromwell European Real Estate Investment Trust was set to begin investor education for a potential S$1.6bn ($1.2bn) Singapore IPO this week, according to a source close to the deal.

Singapore Exchange (SGX) on Monday unveiled MSCI Singapore Net Total Return Index futures, denominated in US dollars.

Bank of Tokyo-Mitsubishi UFJ has appointed industry veteran Sanjiv Vohra as co-head of corporate banking for Asia and Oceania, luring him from Deutsche Bank.

Singapore-listed Yangzijiang Shipbuilding (Holdings) is seeking a $200m three year borrowing, underpinned by a guarantee from its parent and a Chinese state-owned insurer.

A former Standard Chartered loans banker has resurfaced at Sumitomo Mitsui Banking Corp in a senior origination-related position, said a source.

HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties to parent HNA Group, which is feeling the heat from Chinese regulators. Jonathan Breen reports.

HNA Commercial Reit is searching for arrangers for its Singapore IPO after Bank of America Merrill Lynch pulled out from the deal. But the real estate investment trust’s listing may have to wait until its troubled parent can rebuild confidence in its name, said a source close to the transaction.

The Singapore Exchange has admitted its 59th derivatives trading member, I-Access Investors, which is based in Hong Kong.