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ABN Amro Becomes Latest Bank to Withdraw From Carbon Trading

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

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 bank will continue to offer clearing services for carbon permits and offsets, he said. It has been active in the European Union emissions market since at least 2005.

New whisky investment fund in Hong Kong looks to rare old times

Posted by Anton Murray Consulting on . Posted in Funds Management News, News

Robin Lynam

Looking to diversify your investment portfolio? How about buying a few interesting bottles of whisky?

Asking prices for the best-known, top-end single malts have risen steeply in recent years, both at auction and in other sectors of the secondary market.

But according to industry experts there are still some bargains to be found, at least for the well informed and well connected. David Robertson certainly falls into that category.

Macquarie cuts 35 from derivatives unit

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News, Wealth Management News

Sarah Thompson and Joyce Moullakis

Macquarie Group has laid off up to 35 people in its Asia-Pacific region structured and derivatives products division, sources said on Friday night.

The cuts included as many as five local employees, while the remainder are thought to be based in Asia, with Hong Kong operations likely to bear the brunt of cuts. Macquarie clients were informed of the changes by phone on Friday morning, according to the sources.

UBS’s Hanning Replaces Grounds as Asia Investment-Bank Head

Posted by Anton Murray Consulting on . Posted in Investment Banking News, News

Narayanan Somasundaram and Cathy Chan

UBS AG (UBSN) named Matthew Hanning as the head of its Asia-Pacific investment-banking unit, replacing Matthew Grounds, who will focus on the Swiss bank’s Australian operation.

Hanning, 46, will become head of corporate-client solutions for the region and also join UBS’s investment-banking executive committee, according to a memo to employees yesterday that was confirmed by Rob Stewart, a Hong Kong-based spokesman.

Singapore banks ramp up to offer local service to multinationals

Posted by Anton Murray Consulting on . Posted in News

Jeremy Grant

Singapore’s three biggest banks are ramping up hiring to capture a surge in demand from western multinationals wanting to use local banks – rather than global rivals – as they expand in the fast-growing markets of Southeast Asia.

The move highlights how multinationals – whether in retail, consumer, manufacturing or engineering – are changing their banking relationships and dealing more with local players as they seek to take advantage of the creation of a single market in the Association of Southeast Asian Nations (Asean).