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Funding veteran bows out after four decades at the Canadian agency
Former MDB sustainable finance expert joins as HSBC rebuilds sustainability leadership
New methodology follows headroom created by S&P revision last year
EU’s new real time price feed could be nice to have, but market participants are not sure it’s essential
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  • HSBC has shifted the public sector DCM coverage it had in New York to London. The move affects Kevin Galligan, who was told of the decision last week, it is understood.
  • Its recent return to the offshore renminbi bond market and its new status as Canada's hub for RMB trade settlement have seen the Province of British Columbia (BC) reinforce its commitment to China and its support for the RMB as a global currency, Michael de Jong, BC’s Minister of Finance, has told GlobalRMB during a visit to Hong Kong.
  • Market participants at the International Capital Markets Association’s primary markets forum on Wednesday questioned the value of technological developments in the syndication process that could remove human contact from the process. But regulatory and cost pressures will make technology all the more important, and arguably the last decade of bond market growth could not have happened with using technology to accelerate the new issue process.
  • Anthony Julies will take over as the South African National Treasury’s head of asset and liability management before the end of the year.
  • A veteran of funding and hybrid capital at Lloyds Banking Group has switched to the investment side, taking the reins of the group's portfolio of assets to ensure it is in compliance with the liquidity coverage ratio.
  • A senior medium term note and private placement trader has resigned his position at BNP Paribas.