Asia Risk/News
Munro to replace Apenbrink as HSBC Asset Management Asia CEO
Asset management veteran, Joanna Munro, set to take the reins at HSBC Global Asset Management in Asia in the second quarter of next year, following Rudolf Apenbrink’s move back to Europe.
Standard Bank to store gold in Asia for new Hong Kong EFT
South Africa’s Standard Bank offers its metals and market making capabilities for a new gold ETF in Hong Kong.
JP Morgan hires Sazzad Anam to head new Bangladesh office
JP Morgan is moving to build up its presence in Bangladesh following the set-up of the bank's first representative office in the country
RBC Capital Markets adds Glenn Anson to head central bank sales in Asia
RBC has hired 70 employees this year in a bid to build its presence in the Asia-Pacific region
HKEx names former CSRC director to head mainland development
The Hong Kong Exchange's new hire, Yang Qiumei, was recently deputy director-general in the department of investment fund supervision at the China Securities Regulatory Commission, where she was in charge of matters related to QFII and QDII
Citi opens China desks overseas following Chinese companies' expansion
Citi opens hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services and lending activities
2010 Asia Pacific CVA Forum: Singapore going live with CVA, Korea next?
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA
China opens up secondary loan market in bid to reduce systemic risk
China has further liberalised its interbank market to let banks transfer loans to each other
Nomura names Rig Karkhanis new head of fixed income for Singapore
Nomura continues to expand its foreign exchange, interest rates, credit and commodities unit in Asia by recruiting Rig Karkhanis as new head of fixed income for Singapore
BoC and Bocom set to open first mainland bank rep offices in Taiwan
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have…
Corinne Neale joins Credit Suisse for Asia foreign exchange client risk advisory
Credit Suisse has added to its Asia foreign exchange risk advisory in line with the bank's strategy to expand forex business in Asia
Credit Suisse closes 'largest' Taiwan structured products of the year
Latest deal signals continuted opening of Taiwan's retail market for structured products after regulatory clampdown
SGX AsiaClear sets sight on becoming Asia's CCP for rates and FX swaps
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for SGD and USD interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local currencies non…
JP Morgan taking Autoquote to Japan and Europe
JP Morgan is expanding its automatic email pricing system to new markets and client bases outside of Asia.
Citi Private Bank appoints new head for investment advisory in Asia
Roger Bacon will relocate to Hong Kong from London to head Citi Private Bank's managed investments unit
Société Générale adds three to strengthen flow derivatives and cash equities
Société Générale reinforces Asian cash equity and derivatives businesses with new appointments
BIS appoints new Asian Consultative Council chair
Japan's central bank governor will become new chair of BIS Asian Consultative Council
UBS names Alexander Kobler Asia head of investment products
Alexander Kobler is relocating to Hong Kong to head UBS investment products and services (IPS), a division combining all wealth management product and sales functions that was set up in January 2010
JP Morgan names Rahul Malhotra head of India uHNW business
India’s private wealth market grew by more than 50% in 2009, following a surge in its stock market capitalisatio, according to JP Morgan.
Credit Suisse names Abbasi as new Asia chief executive
Hans-Ulrich Doerig, chairman of Credit Suisse, said the appointment will further strengthen the bank's management team in the Asia Pacific, a key growth region for the Swiss banking group.
Chinese banks push non-resident accounts in reaction to HK remninbi challenge
Move by financial institutions on the mainland may blunt efforts by Hong Kong banks to establish the special administrative region as a pre-eminent centre for offshore renminbi trading
BoA hires Michael Benz to head Merrill Lynch Asia Wealth Management
The wealth of Asia Pacific high net worth individuals (HNWI) stood at $9.7 trillion at the end of 2009, up 30.9% from a year earlier and above the $9.5 trillion held by Europe’s HNWIs, according to the Merrill Lynch CapGemini 2010 World Wealth Report
Credit Suisse names James Hong to head Hong Kong private banking
Hong will provide client coverage and facilitate cross-divisional collaboration within the bank as the most senior representative in Hong Kong for Credit Suisse’s private banking business