Asiamoney - Market News

Market news

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HSBC Private Bank backs inflation hedges

12 Mar 2010 Stock & exchange, Real estate, Nations & economies, Bonds, Research report
The private bank’s Asia head of investment strategy, Arjuna Mahendran, notes that while inflation at the consumer price level is yet to become a global phenomenon, he is advising clients to build long-term hedges into their portfolios.
BoA-ML hires head of sales trading in Singapore

12 Mar 2010 Stock & exchange, Market move
Bank of America-Merrill Lynch has captured Alex Tang from Credit Suisse to be south-east Asia head of sales trading. In another move, Citi has appointed Paul Martin from Knight Capital as a senior sales trader in Hong Kong.
Goldman co-head of regional sales trading quits

11 Mar 2010 Stock & exchange, Foreign exchange, Market move
Jesse Lentchner has resigned as managing director and co-head of sales trading for Asia ex-Japan at Goldman Sachs. He is expected to join trading firm BTIG as a Hong Kong-based regional chief executive.
Strategist dampens fears of inflation

11 Mar 2010 Nations & economies, Commodities, Research report
Christian Nolting, Asia-Pacific lead strategist for Deutsche Bank Private Wealth Management, says that rising commodity prices could push up headline inflation rates, but that core rates will remain at a low level.
Deutsche loses key sales traders in Hong Kong

10 Mar 2010 Stock & exchange, Market move
Ricky Lo and May Tsang quit Deutsche Bank’s Hong Kong and China sales trading team today, asiamoney.com can confirm. Both had been with the firm for more than nine years, although their future destination is unknown.
RBS names new country head in Japan

10 Mar 2010 M&A, Stock & exchange, Investment banking, Bonds, Market move
RBS has appointed Ernfred Olsen as country executive and head of global banking and markets for Japan. Olsen joined the lender last month and succeeds Lee Knight, who relocated to Singapore to become head of markets.
Citi’s Asia trade and treasury chief eyes growth

10 Mar 2010 Cash management, Interviews, Market move
The bank’s new head of Treasury and Trade Solutions for Asia-Pacific, Sridhar Kanthadai, says he is seeing a flurry of requests for proposals as Asian businesses seek to centralize costs. He talks about his new role, his priorities and his outlook for 2010.
UBS captures FICC chief in Taiwan: sources

09 Mar 2010 Structured products, Investment banking, Commodities, Bonds, Foreign exchange, Market move
The Swiss bank is understood to have hired Frank Suen from Citi to be head of fixed income, currencies and commodities for Taiwan. It would be the second veteran Citi banker that UBS has hired in recent weeks.
Citi hires distressed debt head for Asia

09 Mar 2010 Hedge funds, Bonds, Loans, Market move
The bank has appointed John Liptak as head of its Asia-Pacific distressed and special situations group, according to an internal memo. He came from Hong Kong hedge fund Tribridge Capital, and Bank of America before that.
Wealth manager BSI launches Asia blitz

09 Mar 2010 Market move, Private banking
The Switzerland-based firm says it is launching a new initiative to expand its business in Asia. It is timed to coincide with the official start of Hanspeter Brunner as CEO of BSI Bank Ltd Singapore.
Regional head of equities quits Nomura

08 Mar 2010 Stock & exchange, Investment banking, Market move
Sigurbjorn Thorkelsson resigned last week as head of Nomura’s regional equities business in Hong Kong, the latest in a string of senior departures from the bank. Nomura also announced a management reshuffle today.
Julius Baer names south-east Asia head

08 Mar 2010 Market move, Private banking
The firm has appointed David Lim as private banking head for south-east Asia. He succeeds Wilfred Kofmehl, who steps down to focus on key client relationships. Asiamoney.com interviews regional CEO Thomas Meier on the move and the bank's growth plans.
Wealth management merry-go-round: Asia update

08 Mar 2010 Market move, Private banking
Hiring activity has been rampant in Asia’s wealth management markets over the past six months. Asiamoney.com sums up the key industry moves.
Investment bank Nomura reshuffles global deck

08 Mar 2010 Investment banking, Market move
Nomura revealed a series of management appointments today in an organisational reshuffle. It includes promoting Hiromasa Yamazaki to global markets CEO as well as Rachid Bouzouba to co-head of global equities.
Equity issuance records Asia bounce

08 Mar 2010 M&A, Stock & exchange, Bonds, League table
A total of 32 equity market deals were recorded last week, with Korean life insurers in the mix. The acquisition of AIA Group drove up M&A figures, while debt markets were quieter. Asiamoney.com rounds up the key capital market activity across the region over the past week.
New Nomura banking chiefs eye Asia growth

07 Mar 2010 Investment banking, Interviews, Market move
Eighteen months after the Japanese bank bought the regional assets of Lehman Brothers, Colin Banfield and Patrick Schmitz-Morkramer, the joint-heads of investment banking for Asia ex-Japan, outline their strategy and growth ambitions.
Citi hires corporate banking director in Australia

05 Mar 2010 Investment banking, Market move
The US bank has appointed Brett Hamner as director in its corporate banking team for Australia, according to an internal memo. He joins from Deutsche Bank, where he had been head of corporate banking in Australia.
Business news: the past week in Asia

05 Mar 2010 Nations & economies, Market wrap
Prudential bids to buy AIA, while China Merchants Bank and Bank of Communications plot major rights offerings. Australia and Malaysia hike rates and Nomura conducts its first US dollar bond issue.
BoA-ML hires senior Deutsche debt banker

04 Mar 2010 Bonds, Loans, Market move
Bank of America-Merrill Lynch has hired Michael Luk from Deutsche to be head of Asia-Pacific debt capital markets. He quit the German bank last week. Rick Stoddard is rumoured to be taking a senior financing role within BoA-ML.
SocGen hires equity strategist in Asia build-out

04 Mar 2010 Stock & exchange, Broking, Market move
Société Générale has named Todd Martin as Asia-Pacific equity strategist, based in Hong Kong. He was most recently head of alternative trading strategies at CLSA. It is part of a drive to develop its global equity and flow franchise in Asia-Pacific.
RBS Coutts moves global joint CIO to Asia

03 Mar 2010 Market move, Private banking
The international private banking arm of the Royal Bank of Scotland said it had relocated global co-chief investment officer Nick Cringle to Hong Kong. Manfred Liechti also started in Singapore this week as its market head for south-east Asia.
UBS hires FICC co-heads for Asia, say sources

02 Mar 2010 Investment banking, Bonds, Foreign exchange, Market move
The bank is believed to have hired Thomas Siegmund from Nomura and Shahryar Mahbub from Citi to co-head fixed income, currencies and commodities for Asia ex-Japan. It is seen as part of a build out to catch up rivals.
Nomura appoints senior banking duo in India

02 Mar 2010 Investment banking, Bonds, Loans, Foreign exchange, Market move
The firm named Nipun Goel head of investment banking for India and Nitin Jain co-head of fixed income for India. Goel joins from BoA-ML in India, while Jain was most recently CEO of the primary dealership at ICICI Securities.
Credit Suisse in Asia private banking reshuffle

01 Mar 2010 Market move, Private banking
The bank names Werner Schlossmacher head of investment solutions for south-east Asia and Australasia in a reshuffle, adding to his role as head of structured derivatives. He succeeds Christian Senn as the bank pushes into the ultra-high-net-worth segment.
BarCap confirms appointment of Johan Leven

01 Mar 2010 Investment banking, Market move
Barclays Capital announced today it had appointed former Goldman Sachs veteran banker Johan Leven as co-head of corporate finance for Asia-Pacific in a move first reported by asiamoney.com.
Asia sees increase in M&A activity

01 Mar 2010 M&A, Stock & exchange, Investment banking, Bonds, League table
There has been a 42% year-on-year rise in regional M&A in 2010, according to data provider Dealogic. Equity and debt issuance is also on the rise. Asiamoney.com reviews last week’s key capital markets activity in Asia.
Crédit Agricole promotes veteran

01 Mar 2010 Structured products, Bonds, Market move
The bank has named Laurent Baumgartner regional head of interest rate derivatives trading for Asia ex-Japan in what it describes as a well-deserved promotion, having been with the firm for 15 years.
Business news: the past week in Asia

26 Feb 2010 Market wrap
BoCom announces plans for a rights issue, while Morgan Stanley moves closer to selling its stake in CIC. Hong Kong said it would raise taxes to deflate a potential property bubble and Dai-ichi Life’s targets what would be the world’s largest IPO this year.
Goldman veteran Leven set to join BarCap

26 Feb 2010 M&A, Investment banking, Market move
Barclays Capital is set to name Johan Leven as its head of regional corporate finance in Asia, asiamoney.com understands. The former co-head of regional M&A at Goldman returns after five months out of the industry.
Cautious growth seen in hiring, salaries this year

26 Feb 2010 Investment banking, Nations & economies, Market move
Recruitment firm Robert Walters says hiring and salary levels in Asia’s financial services industry will begin to rise again this year as economies continue to recover. But companies are also expected to change their compensation structure.
HSBC appoints co-head in Islamic finance

26 Feb 2010 Islamic finance, Market move
The bank has named William Ross co-head of Islamic finance in global markets as it strives to increase its footprint in the sector. It has yet to appoint another co-head, but has forecast that Islamic assets could reach US$1 trillion this year.
DBS confirms head of global transaction services

23 Feb 2010 Cash management, Market move
The Singaporean bank has appointed Tom McCabe from StanChart as head of global transaction services. He succeeds Pranam Wahi, who is being transferred to be Middle East head for DBS Bank, effective from March.
BarCap explains 2010 outlook for Asian currencies

23 Feb 2010 Foreign exchange, Research report
Peter Redward, BarCap head of emerging Asia research, says he prefers to position long Asian currencies and favours FX options to improve risk/reward and to hedge directional US dollar/Asia exposure opportunistically.
Market praises UBS’ move to unite DCM teams

22 Feb 2010 Investment banking, Bonds, Loans, Market move
Observers say the bank’s move to unite debt origination businesses in Asia is smart and will boost revenues. UBS has made a number of DCM appointments in the region, according to an internal memo seen by asiamoney.com.
BarCap names O’Sullivan as head of equity research

22 Feb 2010 Stock & exchange, Investment banking, Broking, Market move
The investment bank has appointed Stephen O’Sullivan as head of equity research for non-Japan Asia, based in Hong Kong. He joins from Macquarie Securities in a move that first reported by asiamoney.com back in November.
Asian FX intervention forecast to continue

22 Feb 2010 Nations & economies, Foreign exchange, Research report
Mitul Kotecha, head of global foreign exchange strategy for Calyon, says the US dollar will come under pressure in the first half of this year, suggesting that FX intervention will continue, although a lot depends on China's FX policy.
South Korean debt issues dominate holiday week

22 Feb 2010 M&A, Stock & exchange, Bonds, League table
In all, 16 of 17 corporate investment grade bond deals last week, excluding financials, originated from South Korea. But activity was slow in both equity and M&A markets on the back of the Lunar New Year break.
Citi reveals raft of India equities hires

22 Feb 2010 Stock & exchange, Investment banking, Market move
The bank has bolstered its Indian equities business with nine appointments in the past few months. They include Keshav Sanghi as deputy head of equities for India and Richard Macfarlane as head of execution services.
ANZ hires private banking head in Singapore

19 Feb 2010 Market move, Private banking
The firm has hired Jens Rzesacz as head of its private bank for south and south-east Asia. He returns to the market after a year following his departure last February from Deutsche Bank Private Wealth Management.
Asian currency winners identified in 2010

19 Feb 2010 Foreign exchange, Research report
Mirza Baig, Deutsche Bank's head of Asia foreign exchange strategy, considers which currencies stand to benefit from a continued decline of the US dollar this year.
StanChart Private Bank makes senior North Asia hires

19 Feb 2010 Market move, Private banking
Standard Chartered Private Bank has appointed Stella Kong as head of relationship management for China, and Trevor Mak as head of relationship management for Hong Kong, asiamoney.com can reveal. Both started this week.
Expert picks 2010 Asian currency outperformers

18 Feb 2010 Foreign exchange, Research report
UBS foreign exchange strategist Nizam Idris considers how Asian currencies are likely to perform against the US dollar this year given the pace of global recovery and the possihle threat of rising inflationary pressure.
Julius Baer hires IT head in Singapore

18 Feb 2010 Market move, Private banking
The private bank announces the appointment of Eddy Tai as head of information technology for Asia and the Middle East. It said that the move signified the importance of the city-state as a hub to propel its regional growth.
Business news: the past week in Asia

11 Feb 2010 Market wrap
Australia’s richest man gets Chinese funding for a mega-mine, Kirin and Suntory end merger discussions, Temasek launches a new US$4 billion fund, and Taiwan lets its chip- and screen-makers invest more into the mainland.
Business news: the past week in Asia

05 Feb 2010 Market wrap
Australia holds interest rates steady, while Chinese regulators issue a partial ban on listed firms raising capital from equity markets. Also, India’s government starts its divestment drive, consumer prices plunge in Japan and bidders battle to control Siam City Bank.
BoA-ML names India wealth management heads

05 Feb 2010 Asset management, Market move, Private banking
The bank has named Pradeep Dokania as chairman of global wealth and investment management India in a new role. He is replaced by Atul Singh as head of India advisory as the bank strives to expand in the country.
Citi set to announce Distelbrink replacement

05 Feb 2010 Cash management, Project finance, Market move
The US bank is poised to announce a replacement for Ivo Distelbrink, its recently departed Asia head of treasury and trade solutions. He has joined BoA-ML, which also this week unveiled the appointment of Rick Maloney.
RBS Coutts hires SE Asia market head from UBS

05 Feb 2010 Market move, Private banking
The international private banking arm of RBS has hired Manfred Liechti from UBS as market head for south-east Asia in Singapore. The firm has added over 60 staff in Singapore and Hong Kong since suffering an exodus.
BarCap expected to capture Jeremy Norris

05 Feb 2010 Stock & exchange, Investment banking, Market move
The investment bank is expected to name Jeremy Norris as its Asia head of equity sales trading, asiamoney.com understands. It would be a coup for the firm, with him returning to the industry after a nine-month break.
HSBC targets growth in Asia asset management

04 Feb 2010 Asset management, Market move
The bank has hired Julie Koo as regional head of institutional sales as part of an expansion drive. It is seeking to build its team of 15 to 20 to capture institutional business, particularly in Japan and Taiwan.
Daiwa, BoA-ML make senior equity derivatives hires

04 Feb 2010 Structured products, Market move
Underlining the race for talent, Daiwa has recruited Adam Cowperthwaite as its head of equity derivatives sales for Asia ex-Japan, while Rajesh Melwani is set to join BoA-ML as head of equity derivatives sales for Asia-Pacific.
Bond markets buoy Asia’s capital market activity

02 Feb 2010 M&A, Stock & exchange, Bonds, League table
Chinese companies dominated debt issuance, although there were some other telling transactions too, with firms taking a fancy to samurai bonds. However, M&A and equity markets remain subdued. Asiamoney.com rounds up last week’s key regional capital market activity.
Senior China banker in split with Sarasin-Rabo

29 Jan 2010 Market move, Private banking
Stella Kong has parted company with Sarasin-Rabo in acrimonious circumstances, asiamoney.com has learned. She had spent almost two years as its vice-chairwoman, Greater China, and is now rumoured to be joining Standard Chartered.
Business news: the past week in Asia

29 Jan 2010 Nations & economies, Market wrap
Bank of China revealed plans to sell US$5.8 billion in convertible bonds, while Chinese regulators ordered a suspension in new loans. Shares in UC Rusal fell on their Hong Kong debut, while CVC Capital Partners agreed what would be Indonesia’s largest private equity deal.
ING’s asset management arm names Asian CIO

29 Jan 2010 Asset management, Market move
ING Investment Management has promoted Pranay Gupta as chief investment officer for Asia-Pacific, based in Hong Kong. The asset manager falls under the insurance group of businesses that ING has vowed to divest by 2013.
Rapid rush back to prime broking prompts warning

28 Jan 2010 Hedge funds, Investment banking, Market move
The revival of Asia’s hedge fund industry has boosted the fortunes of prime brokers. But market participants say the rapid rush to expand in this area might backfire, given that the speed of recovery remains uncertain.
J.P. Morgan bolsters equities team in Hong Kong

27 Jan 2010 Stock & exchange, Market move
Gordon Crosbie-Walsh is returning to Hong Kong to join J.P. Morgan’s equity syndicate desk next month, asiamoney.com understands. It will be his second stint in the city, having worked there previously for 14 years.
Nomura names co-head of Asia bank research

27 Jan 2010 Stock & exchange, Broking, Market move
The Japanese bank Nomura has appointed Lucy Feng as managing director and co-head of regional bank research for Asia ex-Japan. She joins from Deutsche Bank, where she worked in a similar role.
Deutsche targets growth in trade and export finance

27 Jan 2010 Nations & economies, Project finance, Market move
The German bank has hired Paul Gardner from RBS as its Asia-Pacific head of structured trade and export finance, based in Singapore. It also expects to announce more appointments soon in an area it views with optimism.
BNP Paribas adds trio in Korean equities

26 Jan 2010 Stock & exchange, Market move
The French bank has hired Eric Yun as head of domestic sales, Jay Koo joins as head of international sales, and Joon Park as head of sales trading. It comes as the bank continues to beef up its Korean securities business.
BNY Mellon targets regional broker-dealer segment

26 Jan 2010 Stock & exchange, Asset management, Market move
The US-based financial services firm adds David Brown as vice-president for broker-dealer global sales in its Hong Kong office. He will be responsible for selling the firm’s broker-dealer capabilities to clients in Asia-Pacific.
US-based asset manager makes Hong Kong hire

25 Jan 2010 Asset management, Market move
American Century Investments named Elizabeth Trinh from Macquarie Bank as vice-president in its Hong Kong office. The firm is striving to build up its Asian presence.
Property firms anchor Asia’s M&A market

25 Jan 2010 M&A, Stock & exchange, Bonds, League table
A raft of property-related deals buoyed M&A volumes, while Chinese firms dominated debt markets, and equity markets stayed steady. Asiamoney.com rounds up last week’s capital market activity in Asia-Pacific ex-Japan.
BoA-ML makes senior rates and currencies hire

25 Jan 2010 Foreign exchange, Market move
The US bank has taken on Vinit Sahni from Goldman Sachs as regional head of flow rates and currencies sales. He will also be global head of hedge fund and central bank sales for rates and currencies.
HSBC names Anita Fung in expanded role

25 Jan 2010 Private equity, Investment banking, Asset management, Market move
The bank appoints Anita Fung as its Asia-Pacific head of Global Banking and Markets in what is a newly formed role. She will take care of regional corporate and investment banking, as well as asset management.
BNP inks Taiwanese asset management JV

24 Jan 2010 Asset management, Market move
The asset management arm of BNP Paribas has signed a deal with Taiwan Cooperative Bank to form a joint-venture company. The match appears to be a promising one as the island’s financial markets continue to develop.
Business news: the past week in Asia

22 Jan 2010 Market wrap
China's GDP grew at 10.7% in the fourth quarter, raising the liklihood of monetary tightening, while regulators also ordered some China banks to halt lending to rein in credit growth. Japan Airlines filed for bankruptcy protection and SocGen ran into trouble in India’s equities market.
Demand for derivatives bankers hots up

21 Jan 2010 Stock & exchange, Structured products, Market move
After two years of sitting on the sidelines, structured products bankers are back in vogue, with institutions increasingly looking to bulk up. Smaller firms will need to get their skates on if they want to attract the top talent.
Eleven quit RBS in Australia to join BoA-ML

20 Jan 2010 Commodities, Bonds, Foreign exchange, Market move
RBS saw 10 fixed income traders, sales staff and a personal assistant quit its Sydney office today (January 20). Led by managing director Chris Thomas, all are set to join BoA-ML in May, asiamoney.com can reveal.
India’s Avendus hires Kapadia as private wealth head

19 Jan 2010 Market move, Private banking
Financial services firm Avendus Capital has appointed Nikhil Kapadia from Deutsche Bank to be chief executive of its private wealth management business. He returns to Mumbai after less than a year in Singapore.
BNY Mellon names head of Taiwan depositary receipts

19 Jan 2010 Stock & exchange, Asset management, Market move
The financial services firm has hired Frances Ni to run its depositary receipts business in Taiwan. The appointment comes after the bank tipped Asian issuers to continue dominating the depositary receipt industry this year.
BarCap adds regional head of equity sales

19 Jan 2010 Investment banking, Market move
Barclays Capital names Anthony Davies as a managing director and head of equity sales for non-Japan Asia. He will be based in Hong Kong and joins from Merrill Lynch, where he was head of Pacific Rim equity distribution.
Veteran Harvey set for Credit Suisse return

19 Jan 2010 Asset management, Market move
The firm has appointed its former investment banking head Neil Harvey as managing director in charge of Asia-Pacific and emerging markets globally for its asset management business, effective from February 1.
Citi surprises market with Morrison appointment

18 Jan 2010 Investment banking, Market move
The US bank names former Morgan Stanley chairman and CEO Alasdair Morrison as senior advisor for its Asia business in a newly created role. He has been tasked with helping to drive expansion in its regional investment banking business.
Credit Suisse adds to Asia prime services business

18 Jan 2010 Hedge funds, Market move
The Swiss bank announced it had hired Deborah Lee as a director in its Asia-Pacific prime services business. She joins from Goldman Sachs, where she had a similar role.
Asian markets cough up just two deals of note

18 Jan 2010 M&A, Stock & exchange, Investment banking, Bonds, League table
India’s GTL Infrastructure moves to more than double its network of towers, while Westpac prices a Samurai bond. Asiamoney.com rounds up what was an otherwise slow week for capital market activity in Asia ex-Japan.
Recruiter Sirius Partners opens its doors in Asia

18 Jan 2010 Investment banking, Market move
The financial recruitment firm believes it can seize market share in an increasingly crowded space as the region’s investment banking industry grows at a rapid clip.
Business news: the past week in Asia

15 Jan 2010 Market wrap
The Obama administration urges other nations to impose a levy on financial institutions. Meanwhile, China sees exports rise and Beijing raises the bank reserve requirement ratio and approves stock market reforms. Also, speculation mounts over the future of Japan Airlines.
Asia expansion sees Houlihan Lokey hire Chen

14 Jan 2010 Investment banking, Market move
US boutique investment bank Houlihan Lokey has named Bing Chen a Hong Kong managing director for financial advisory services. It says it is aiming to increase its China presence strongly as part of a regional expansion.
StanChart Private Bank appoints global head of trust

13 Jan 2010 Market move, Private banking
Standard Chartered Private Bank has named Mark Jackman as global head of its trust and fiduciary business. Previously he was Asia head for Rothschild Private Banking & Trust.
Deutsche hire points to optimism over securitisation

13 Jan 2010 Securitisation, Market move
Deutsche Bank names Sal Mirran as head of residential mortgage-backed securities for Asia-Pacific. He told asiamoney.com he sees potential for securitisation in the region because of its demographics, growth prospects and housing fundamentals.
UBS Wealth Management hires Vinay Gandhi

12 Jan 2010 Market move, Private banking
The Swiss bank has appointed Vinay Gandhi to run its non-resident Indian business out of Singapore. He joins after a very short stint at J.P. Morgan Private Bank, which only announced his hire last November.
J.P. Morgan Private Bank to relocate global head to Asia

12 Jan 2010 Market move, Private banking
Doug Wurth is set to relocate from New York to Hong Kong as head of international private banking for J.P. Morgan. The move follows an unsettling period for the US private bank, which has had several regional departures.
Julius Baer picks up Lee from UBS in Singapore

11 Jan 2010 Market move, Private banking
The Swiss wealth manager announces the appointment of Lee Boon Keng as managing director and joint-head of its investment solutions group in Singapore. He came from UBS, where he worked for just three months.
Nomura names regional investment banking heads

11 Jan 2010 Investment banking, Market move
The bank has made Patrick Schmitz-Morkramer and Colin Banfield heads of investment banking for Asia ex-Japan. They succeed Glenn Schiffman, who moves to New York as the firm’s head of investment banking for the Americas.
UBS names Marx as country team head in Singapore

08 Jan 2010 Market move, Private banking
The Swiss bank has hired Reto Marx as country team head for south Asia ultra-high-net-worth business in Singapore. He starts in May, having parted company with Sarasin in October as its south-east Asia head.
Business news: the past week in Asia

08 Jan 2010 Market wrap
Japan’s government names a new finance minister while Beijing edges up local borrowing rates. The Philippines enjoys great demand for its bond reopening, while firms set to list on the ChiNext exchange are enjoying such good demand that the bourse could alter its rules to dampen investor enthusiasm.
UBS takes positive view on cyclical conditions

07 Jan 2010 Stock & exchange, Research report
Niall MacLeod, Asia equity strategist for UBS Investment Research, expects the Asian liquidity thesis – loose monetary policy pushing up Asian asset prices – to remain in place, with returns driven by earnings growth.
CLSA hires investment banker Lai from SocGen

07 Jan 2010 Investment banking, Market move
Paul Lai started this week as head of Hong Kong and Greater China investment banking at CLSA. He quit Société Générale late last year and is a former head of Hong Kong investment banking at HSBC.
RBS hires head of Asia-Pacific retail structuring

07 Jan 2010 Structured products, Market move
The Royal Bank of Scotland has appointed Richard Harman to manage its regional teams selling structured products to retail investors. He joins from Citi, where he spent nine years based in Hong Kong and Tokyo.
Credit Suisse bolsters Asia-Pacific fixed income business

06 Jan 2010 Bonds, Broking, Market move
The bank makes two senior appointments in Hong Kong, re-hiring Atsushi Mizuno from Bank of Japan and relocating Bunt Ghosh from London. It is striving to grow its fixed income teams in the region by over 20% in 2010.
Strategist sees 18% upside for Asian equities in 2010

06 Jan 2010 Stock & exchange, Research report
Jonathan Garner, Morgan Stanley’s chief Asian and emerging market equity strategist, says he expects a shift to a more micro market this year. He reveals the bank’s stock market predictions for 2010.
Gammons quits Citi to join BoA-Merrill

05 Jan 2010 Private equity, Market move
Veteran private equity banker Chris Gammons is set to join Bank of America-Merrill Lynch in March as head of its financial sponsor business for Asia-Pacific ex-Japan. It is widely regarded as a coup for the bank.
Outlining opportunities for investors in 2010

05 Jan 2010 Stock & exchange, Nations & economies, Research report
Sean Darby, Asia equity strategist at Nomura, considers which countries and sectors offer the most potential this year and which face the largest challenges.
Macquarie Securities names new faces in bold India bet

04 Jan 2010 Broking, Market move
The equities broking arm of Macquarie Group has announced three senior equity sales and research appointments in Mumbai as it takes a bullish view on the nation’s economy and strives to boost its local footprint.
Credit Suisse unveils Asia’s most undervalued markets

04 Jan 2010 Stock & exchange, Nations & economies, Research report
Sakthi Siva, the bank’s Asia equity strategist, considers which countries and sectors offer the most potential and which face the greatest challenges this year.
SocGen names new head of global markets for China

04 Jan 2010 Commodities, Bonds, Foreign exchange, Market move
Société Générale appoints Yang Duan to replace Gilbert Tse, who recently moved to Lyxor Asset Management. Yang joins from Standard Chartered, where he was head of China sales and fixed income.

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