Hong Kong

The transaction would generate a gain of US$600m.

It will benefit clients in seven markets.

Keeping the branches is too costly, BEA says.

She has been with Citi for 13 years.

Hang Seng Bank has appointed Margaret Kwan as Head of Retail Banking and Wealth Management following the retirement of Nixon Chan, with effect from 1 July 2016.

The second quarter of the calendar year is always a very active period for recruiters, after Chinese New Year and post-bonus season. Whilst candidates normally choose this time of year to open themselves up to new job opportunities, there is a surge in employers requiring specific skill-sets to fill the gaps left behind on top of their existing unfilled vacancies.

Citi announced the appointment of Gerry Keefe as Head of Corporate Banking Asia Pacific. In this newly created role, Gerry will assume responsibility for all Corporate Banking activities in the region including the Financial Institutions, Public Sector Group, and Global Subsidiaries Group franchises.

Yang has over 20 years of experience in the market.

Mr Ciqiang Lu (魯賜強) has been appointed General Manager of Greater China in National Australia Bank (NAB) and commenced his role on 1 March 2016. Mr Lu is based in NAB’s Hong Kong branch located in Pacific Place. As Australia’s largest business bank, NAB’s strategy in Asia is highly relationship-driven and focuses on supporting Australian and New Zealand business in Asia, including Greater China. As the first Australian bank to establish a presence in China in 1982, NAB also supports Chinese institutional and corporate clients looking to trade with or invest in Australia and New Zealand, particularly in the energy, utilities, natural resources, food and agribusiness sectors. With over 20 years of banking and strategic leadership experience in Greater China, Mr Lu has the strong networks and insights necessary to deliver NAB’s business priorities in Asia and its vision of being Australia and New Zealand’s most respected bank in this region. Mr Lu joins NAB from Natixis where he was the Senior Country Manager, Greater China for the past 9 years, based in Shanghai. In this role he was responsible for the bank’s China and Taiwan operations, working in partnership with global product and customer units to develop and execute Natixis’ China business strategy and operations.

There is a lower likelihood of government support for banks.

She joins Standard Chartered from UBS.

She'll play a vital role regarding expansion.

Risk factors include stretched affordability and high LTV mortgages.

The first quarter of the calendar year is traditionally a peak recruitment season within banking & financial services. The pace of recruitment will speed up with the majority of employers reviewing headcount and planning for the new year that lies ahead. This quarter will also see the payment of annual bonuses, which is preceded by candidates looking out for good opportunities and followed by an influx of roles and recruitment activity as people search for their next role.

Predecessor Lawrence Au remains with the bank.

Customers can settle and receive payments in 3 currencies.