UK

To help celebrate the 20th anniversary of the setting up of the UK Debt Management Office, GlobalCapital gathered together some of the UK Gilt market’s leading traders, investors and bankers, with its CEO Sir Robert Stheeman, to discuss the state of the bond markets, how they have changed since the DMO was established in April 1998 and how the government’s investor base and bond issuance are likely to evolve over the coming years.

Developing markets investment bank Exotix Capital has continued its recent expansion and made three new hires to its global equity team.

UK banks may have to reassess the make-up of their capital structures after the Bank of England said this week that it could slap a higher minimum requirement for own funds and eligible liabilities (MREL) on groups with regulatory debt sat outside the main resolution entity.

Huo Rongrong, the former global head of RMB and China business at HSBC, has left the bank for Investec Asset Management. The London-based banker will have a broader remit in her new buy-side role.

Macquarie Group has signed a £2bn loan that features green tranches, as the seemingly inexorable rise of the product continues unabated.

As Brexit uncertainty kicks in, the clearing arm of German derivatives bourse Eurex has rewarded ten market participants, including HSBC and Barclays, for actively clearing interest rate swaps.

The board of directors of Hong Kong Exchanges and Clearing has renewed the contract of chief executive Charles Li for three years.

Pete Osborne, a former director at Singapore Exchange (SGX), has resurfaced at Canadian exchange operator TMX Group in London as head of European equity trading sales.

The FCA’s decision to modify rules in order to allow sovereign owned companies — such as Saudi Aramco — to achieve a premium listing should be seen as just another chapter in the UK’s cosiness with the House of Saud.

TruePTS, a derivatives post-trade company set up by trueEX, is gearing up to face off against derivatives processing utility MarkitSERV as it launches its offering for buy-side firms.

Credit Suisse has hired Amin Ait Tayeb from Commerzbank for its DCM team.

HSBC was marketing a new offering of senior bonds in the dollar market on Tuesday, about a month after placing $6bn of debt into a potentially similar investor base.