Investment Banking
Baiduri Bank opens Singapore office to support Bruneian firms
Baiduri Bank opens Singapore office to support Bruneian firms
It seeks to facilitate foreign direct investments into Brunei.
Cathay United Bank, RCBC to jointly promote Taiwan investments to the Philippines
CUB saw an increase in clients seeking advisory services for market entry in the PH.
Crédit Agricole CIB names Quentin Galmiche as APAC head of corporate & leveraged finance
Galmiche has been chief of staff to the CEO of Crédit Agricole CIB since 2022.
CBA names Belinda Allen as new head of Australian Economics
Allen is tasked with the bank’s Australian economic forecasts, amongst others.
SMBC invests in Novastar Ventures’ Africa fund
The fund’s budget for fiscal year 2025 is $340m.
Norinchukin Bank logs $395.49m profit in Q1 FY2025
This is a reversal from its JPY412.7b loss a year earlier.
Indonesia, Malaysia, Thailand name new banks for local currency transaction framework
The banks will facilitate cross-border settlement of trade and investment.
Citi hires HSBC banker as head of China global banking network
Luen-Yuan Chu will head the corporate banking of international companies operating in China.
HSBC GPS names Edmund Lo as regional head of investment counsellors
He first joined HSBC in 2011.
SMBC appoints Joy Kwek to lead capital markets & solutions in APAC
Kwek joins from Morgan Stanley.
Automation stalls hiring at Singapore’s top banks
Lenders are also upskilling to keep up with tech.
Citi expands research to include private companies
They will focus on roughly 100 private firms, primarily in the tech sector.
UBS to adopt LSEG data and analytics solutions
It will affect the bank’s asset classes, business franchises, and trade lifecycle.
BofA appoints new heads for Global Payments Solutions in APAC
Lin Guo and Kitty Yen are head of GPS China and GPS Taiwan, respectively.
Australia court upholds five claims against Mayfair 101 head
Mayfair 101 made multiple false and misleading representations in marketing some of its products.
BOC International’s investment risk is limited, profitability stable: report
Its brokerage income has remained stable in the pats 4 years.
Natixis CIB expands APAC investment banking team with two hires
Thaddeus Tien and Omkar Joshi will both be based in Singapore.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation