Hong Kong

Citi Private Bank has appointed Roger Bacon as Head of Investments for Asia Pacific.

According to Bloomberg, Credit Suisse Group AG has hired two senior equities executives in Asia from Deutsche Bank AG, a person familiar with the matter said, amid a restructuring of the Swiss bank’s global markets business and a recent leadership change in the region.

27% of SOEs are loss-making.

Ms Leslie Raymond has been appointed Head of People, Asia in National Australia Bank (NAB) and commenced her role on 1 March 2017. Ms Raymond is based in NAB’s Hong Kong branch located in Pacific Place. Ms Raymond replaces Ms Kate Colley who has repatriated to Melbourne to assume the role of Head of People for NAB’s Corporate and Institutional Banking business.

Participants include BOCHK, BEA, Hang Seng, HSBC, and StanChart.

Strong expansion in credit activity is unlikely to be sustained.

The additional capital would balance the banks' higher risk appetite for China-related activities.

Stakes were bought by First Origin International.

Among those leaving is a Hong Kong-based director for sales trading.

More than half of our Citi's Consumer Bank clients use digital channels.

For advising a Chinese seafood supplier on its IPO.

One of his first major tasks is to find a CEO to succeed Stuart Gulliver.

It's the first bank in Hong Kong to do so.

Citi has appointed David Russell as Head of Markets and Securities Services for Hong Kong. He will report to Patrick Dewilde, Head of Asia Pacific Markets and Securities Services and Weber Lo, Citi Country Officer & Chief Executive Officer for Citi Hong Kong and Macau in this role.

SWIFT recently announced the appointment of Lisa O’Connor as Head of Standards, Asia Pacific, based in Hong Kong. As the adoption of financial messaging standards is gaining traction in the region, O’Connor takes over the standards team in the region that was led by Alexandre Kech - Head of Securities Markets & Standards, Asia Pacific for the last five years. She will report into Philippe Dirckx, Managing Director, Head of Markets & Initiatives, Asia Pacific.

But the strength was not homogenous throughout.