Singapore

BAML loses Hong Kong IB chief to UBS — UBS hires from Deutsche for M&A — ANZ appointments — SGX names head of fixed income sales

ING Bank has hired Winston Tay as head of Asia debt syndicate in Singapore, effective Wednesday.

Singapore-listed MYP has halved its rights issue to S$97.9m ($68.8m) after shareholders gave the fundraising the cold shoulder.

Singapore Exchange (SGX) announced on Monday the appointment of Michael Luk as the new head of fixed income origination and sales.

The Monetary Authority of Singapore (MAS) has fined two more banks and sanctioned a former Goldman Sachs executive for breaches related to the disgraced Malaysian sovereign wealth fund 1MDB.

Intercontinental Exchange has appointed a chairman for its Singapore trading and clearing operations.

Ajay Kanwal has resigned from Standard Chartered and stepped down as regional CEO, ASEAN and south Asia, with immediate effect, the bank said.

Overseas Chinese Banking Corporation will choose euros as its strategic currency of choice for covered bonds, according to chief financial officer, Darren Tan, who spoke to GlobalCapital along with OCBC group’s chief executive officer, Samuel Tsien.

Goh Ken-Yi has resurfaced at RHB Securities Singapore in a new role as head of corporate client coverage, after leaving Standard Chartered at the end of last year.

Oversea-Chinese Banking Corporation has established its $10bn covered bond programme, and with a top rating from both Moody’s and Fitch, it is only a matter of time before the bank issues its first covered bond.

Oversea-Chinese Banking Corp has become the last of the three big Singaporean lenders to pave the way for a covered bond, announcing a $10bn programme on Wednesday.

Derivatives exchanges are making a push on natural gas with three new initiatives unveiled, amid expectations that demand to trade such products across global markets is set to grow.