Hong Kong

There are now 47 countries worldwide.

Expects to have an office in the next few months.

Targets are Chinese companies planning overseas ventures in Europe.

It’s one of Hong Kong’s largest deals since late 2012.

Launches privileged guarantee fee subsidy.

In a statement, Standard Chartered announced the appointment of Philip Tulk as Conglomerates, Hotels and Gaming Analyst. Philip is based in Hong Kong and reports jointly to John Chan, Head of HK/China Property, Conglomerates & Gaming Research and Erwin Sanft, Head of China/HK Equity Research. In this role, Philip will be responsible for covering the greater China gaming and hotels sector. He will also work closely with John Chan to provide a strategic view of the Hong Kong conglomerates sector. Philip joins the Bank from Royal Bank of Scotland, where he was head of the Asian conglomerates and gaming research. He brings more than 15 years of sell-side experience to Standard Chartered, having previously held roles at Lehman Brothers, DBS, and HSBC. Welcoming Philip to the Bank, Erwin Sanft said, “Philip’s addition to the team demonstrates our commitment to delivering a compelling research value proposition to our clients. I believe Philip’s wealth of experience will be invaluable in bringing our capabilities and service offerings to a new level. I look forward to his contribution as we continue to deliver on our Hong Kong and China franchise ambitions.” 

Here are 3 key highlights.

Nine in 10 banks and financial services firms also experience recruitment problems.

Ms. Challenor was previously Citigroup's Hong Kong-based chief operating officer for Asia Pacific. She will continue to be based in Hong Kong at J.P. Morgan.

Thanks to HKMA easing restrictions on offshore RMB.

RMB deposits in HK have grown tenfold.

Check them out in Causeway Bay and Happy Valley.

He was the former regional business manager for the equities franchise in Asia Pacific.

According to a release, Citi has appointed Stewart Aldcroft as Chief Executive Officer of CitiTrust Limited (CitiTrust). In this role, Stewart will be responsible for managing and developing the CitiTrust business in Hong Kong.

Thanks to the benefit of mortgage repricing.

Find out how Citi benefits from this growth.