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News

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).

JPMorgan’s Chatterji to Lead Asia M&A as Sivitilli Quits

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

Cathy Chan

JPMorgan (JPM) Chase & Co. named Rohit Chatterji to lead mergers and acquisitions for Asia excluding Japan as Rob Sivitilli resigned from the post after 18 years at the biggest U.S. bank.

Sivitilli will leave the industry and relocate to Florida to be closer with his family, according to a memo obtained by Bloomberg News. Chatterji, who was most recently co-head of banking in India, will move to Singapore to take up his new role, the document showed. Marie Cheung, a spokeswoman for JPMorgan in Hong Kong, confirmed the contents of the memo.

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ABN Amro Shuts Equity Derivatives, Asia Markets Business

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

Maud van Gaal

ABN Amro Group NV, the Dutch state-owned bank, will cut about 100 jobs as it exits equity derivatives and shutters its Asian markets business.

About half of the roles are support functions, Arien Bikker, a spokesman for the Amsterdam-based bank, said by telephone. ABN Amro will also stop offering its own structured products, he said.

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Global private wealth rises to $152tn

Posted by Anton Murray Consulting on . Posted in News

The amount of private wealth held by households globally surged more than 14% to $152 trillion (£90tn) last year, boosted mainly by rising stock markets.

Asia-Pacific, excluding Japan, led the surge with a 31% jump to $37tn, a report by Boston Consulting Group says.

The number of millionaire households also rose sharply.

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Goldman Bolsters M&A Team in Asia

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

Neil Gough

HONG KONG – Goldman Sachs is ramping up its mergers and acquisitions team in Asia amid a surge in deal volume in the region, according to an internal memo sent on Thursday.

As part of a reshuffling, the bank appointed Richard Campbell-Breeden to the newly created position of vice chairman of the investment banking division for Asia, excluding Japan. Mr. Campbell-Breeden, who has been at the bank since 1989, had been the head of deal-making in the region since 2011.

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Senior Barclays repo trader signs up to Millennium hedge fund spin-off

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

Paul Clarke

Sarah Hodges (nee Daulby), a senior repo trader who spent over ten years at Barclays, has joined Symmetry Investments, one of the most hotly-tipped Asian hedge fund launches of 2014 from former Millennium Capital Partners executives.

Hodges joined Symmetry in London earlier this month as head of fixed income financing, having previously been a director within Barclays’ repo trading team.

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