Investment Banking
StanChart’s Signature CIO Funds attracts over $1b
The funds have returned over 28% since launch, the bank said.
StanChart’s Signature CIO Funds attracts over $1b
The funds have returned over 28% since launch, the bank said.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
Deutsche Bank cuts 10 private banking roles in Asia: report
The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
Deutsche Bank appointed by Euroclear as cash settlement and forex bank in Korea
It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds.
Weekly Global News Wrap: ECB raises concerns over UniCredit’s high turnover; China warns banks against “one-sided” credit pursuit
And two JP Morgan & Chase top dealmakers are reportedly leaving the bank.
Techcombank’s Prasenji Chakravarti lays bare their ESG strategy
The bank is transforming its IT infrastructure to better process green data.
ING names ex-BofA Merril Lynch banker as APAC corporate finance head
Gautam Saxena also founded the venture capital fund Pegasus 7 Ventures.
Citi revenue up 49% to $1.7b in 2023 as corporate lending grew
Both equity and debt underwriting fees rose.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
Citi is Asia’s top equity capital markets underwriter in Q1
The bank reportedly commanded a total issuance volume double to its closest rival.
Korean banks began compensating investors for HK ELS-linked losses
Shinhan Bank and Hana Bank have begun compensating customers.
APAC ex Japan investment banking fees in Q1 falls to lowest level in 8 years
Equity capital market fees were halved, whilst debt capital market fees were static.
Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m
And JPMorgan Chase revamps investment banking and capital markets leadership.
Chart of the Week: Singapore investment banking fees down 14% in Q1
Advisory fees from M&A transactions fell by 74% during the quarter.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
CIMB Securities appoints Stephen Hagger as independent chairperson
It also welcomed three new directors to its board.
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.