Investment Banking News
SGX takes first step on link-up with HKEx
Enoch Yiu The Singapore Exchange yesterday opened an office in Hong Kong and linked up with the local exchange’s data centre to make it easier for investors in the city to trade its derivatives products. This is the first step for the SGX to tie up with Hong Kong Exchanges and Clearing since the two […]
First-half investment bank fees at highest since 2007
Clare Hutchison Fees paid for investment banking services rose 12 percent in the first half of 2014, their strongest start in seven years, data showed on Wednesday, as surging stock markets encouraged firms to strike deals. Global investment banking fees totalled $47.1 billion (27.44 billion pounds) in the first six months of the year, compared to $42.2 billion last […]
Broking industry recommends 2016 start for T+2 cycle
Joyce Moullakis A peak industry representative group on Monday recommended Australia move to a shorter two-day settlement cycle for cash equities trading, rebuffing some calls to make the change next year but advocating a 2016 start date. The 22-member Australian Securities Exchange Forum, which includes senior executives from Deutsche Bank, Morgan Stanley, UBS, Macquarie Group and […]
Midcaps in sight as bankers back M&A to stay strong
James Dunn There is nothing like an M&A boom to make bankers and advisers happy, which explained the jovial mood around the table at the KPMG/AFR M&A round table. Buoyed by Thomson Reuters figures showing $US69.5 billion ($73.8 billion) of mergers and acquisitions in the first half – the strongest first half since 2011, and […]
HSBC shuffles Asian ECM desk
Rev Hui Ehren Vokes, a director at HSBC’s Asia equity syndicate desk, has moved into an origination role within ECM, according to an internal memo seen by GlobalCapital Asia. Vokes is responsible for covering Korea, Taiwan and the Philippines in his new role and reports to Alexis Adamczyk and Tom Lanners, co-heads of Apac ECM.
ABN Amro Becomes Latest Bank to Withdraw From Carbon Trading
Alessandro Vitelli ABN Amro Bank NV, the Dutch state-owned lender, withdrew from carbon trading, becoming the latest bank to exit the market after prices slumped. ABN Amro closed its carbon desk after reviewing market activities and is working with clients to dispose of its portfolio of business, spokesman Arien Bikker said by phone today. The […]