People News

Nomura hires Chae to run CSFG in Korea Nomura has hired Wonseok Chae as head of corporate sales and financing (CSFG), Korea. Chae is a former Goldman Sachs and Deutsche Bank banker who has previously worked with the division’s head, Daniel Mamadou.

China’s looser dim sum regulations will not prompt a surge in supply, says HSBC The Chinese government has loosened rules on corporations selling debt in the offshore renminbi market, making approval for mainland companies to sell dim sum bonds easier to obtain than for selling debt on the mainland.

Ahmed chosen to run CIB for Citi in the Philippines Citi has given its head of Islamic banking in Asia a job running its corporate and investment bank in the Philippines, asking Usman Ahmed to replace Kristine Braden, who is moving to the global subsidiaries business.

JP Morgan makes Zhao head of emerging Asia FIG clients JP Morgan has hired a new head of its financial institutions group in emerging Asia, finding a partial replacement for Olivier de Grivel, the former head of the business across Asia Pacific.

JP Morgan hires Zhao to run emerging Asia FIG JPMorgan has hired a new head of its financial institutions group in emerging Asia, finding a partial replacement for Olivier de Grivel, the former head of the business across Asia Pacific.

Citi picks Ahmed as new Philippine CIB head Citi has given its head of Islamic banking in Asia a job running its corporate and investment bank in the Philippines, asking Usman Ahmed to replace Kristine Braden, who is now moving to the global subsidiaries business.

China inflows: be careful what you wish for Foreign investors are hungry to get access to China’s capital markets, and the small moves to allow investor inflows are nowhere near enough to sate their appetite. But investor protection in the country is not strong enough, and foreign investors should take great care before investing in the mainland market.

Sodhi takes chair at loan market association The Asia Pacific Loan Market Association (APLMA) has named Atul Sodhi, Crédit Agricole’s Asia Pacific loan head, as its new chairman.

CIMB to buy majority stake in Bank of Commerce CIMB Group Holdings is planning to buy a majority stake in the Philippines’ Bank of Commerce and entered into share purchase agreements with San Miguel Properties, San Miguel Corporation Retirement Plan and other minority shareholders this week.

CDS traders close Sino-Forest auction, first in Asia ex-Japan Credit default swap traders participated in their first ever auction on a company based in Asia ex-Japan on Wednesday, when together they decided the settlement price of CDS linked to timber company Sino-Forest Corp.