Investment Banking News
ASX names new group executive for markets
ASX has welcomed Darren Yip as its new group executive for markets, the largest business among its four divisions. Mr Yip has over two decades of experience in global financial markets with a background in prime brokerage and equity markets, most recently serving as Morgan Stanley’s managing director and co-head of prime brokerage, Asia-Pacific, from 2013 to 2021. Here, he was responsible for a multi-billion dollar balance sheet that involved significant liquidity management as well as capital and resource optimisation.
Prior to that, Mr Yip worked across Morgan Stanleys’s delta one structured products between 2000 and 2013, being promoted as head in 2009. His appointment follows the promotion of Helen Lofthouse to the role of chief executive officer last August. Ms Lofthouse had previously held the position of group executive, markets, and had been seeking to fill the position since her transition last year.
The rest of this article can be found at investordaily.com.au.