Market Commentary

BNP Paribas Securities Services has named David Braga as the permanent head of Australia and New Zealand following the departure of Peter Baker in October 2014. Former JP Morgan head of product for custody and fund services David Braga will take on the new role in mid-May.

Wouter Klijn More institutional and independently owned wealth management businesses plan to hire new staff this year than at the start of 2014, according to new research. A Dawson Partnership survey found 32 per cent of the organisations surveyed intended to hire new employees, compared with 24 per cent planning to do so in 2014.

Sarah Thompson, Anthony MacDonald and Gretchen Friemann Private equity giant KKR & Co is seeking to bolster its Asian property business by hiring a dealmaker to work under regional real estate head Bryan Southergill. KKR has approached local property advisers about joining the firm, which is making a worldwide push into real estate and credit.