KHFC steals a march with $500 million covered bond

European demand for Singaporean credit remains strong.

Metzger is joining SC's Corporate & Investment Banking team as global head, coverage banking; Kaustubh Kulkarni, co-head at Citi's Apac investment banking team will lead the team at Citi.

SC's operating profit grew 6% last year; Zurich Australia snaps up life insurer ClearView; Citi Vietnam appoints Thai Nguyet Minh as head of markets.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Beijing-based Jim Wang is leading the subsidiary of Standard Chartered Bank (Hong Kong).

The package from seven banks will bolster the Singapore operator’s data centre expansion in Johor.