Asia credit heads turning to distress

News

asiarisk-may08-01-gif

As the fallout from the US subprime debacle continues, financial institutions are cutting their credit headcounts across Asia. Barclays Capital and Merrill Lynch are among those to see departures in April, and one destination for executives is the distressed-debt sector.

Two Hong Kong-based senior credit executives at Merrill Lynch - Barry Dick and Chandrakant Mohanty - left the US dealer on April 21. Dick, who had been with the bank since 1995, was head of Asia-Pacific credit sales and wholesale

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: