Tag: abn amro

Paul Gardner leaves RBS to become Deutsche Bank’s new Asia-Pacific regional head of structured trade and export finance. Ramit Bhasin joins RBS India's ABN AMRO subsidiary to head the markets business as Arun Khurana moves to a new Singapore-based role. The Asia-Pacific transaction banking business remains core to RBS, says global transaction services head Brian Stevenson. Jae Won Lee joins from ABN AMRO to help build Macquarie's equity capital markets and advisory business in Korea. The Chinese property developer prices its placement at a 12.2% discount on a day when a planned acquisition of a Guangzhou property project falls through. Financial services group Ambit appoints Sutapa Banerjee to spearhead its foray into private banking in India. The British bank will restructure both its global banking and markets division and the majority of its global operations. It confirms further layoffs will follow. Etisalat buys 45% of Swan Telecom and Masdar acquires a significant stake in wind turbine designer WinWind, at a combined cost of more than $1 billion. The bank adds firepower to the ABN AMRO M&A team by poaching four bankers and transferring two, all at director or executive director level. The $485 million yen-denominated deal is priced with a 23% exchange premium and a 0.5% yield-to-put. The former Credit Suisse banker brings with him 15 years of experience in Asia's capital markets. A concurrent ADS offering aimed at creating a synthetic borrow facility is priced at an 8.5% discount, resulting in a low effective conversion premium. The new team includes internal transfers as well as two new hires as RBS places its mark on the business it acquired from ABN AMRO last year. Peace Mark is able to upsize its placement and sell the full number of shares, but only by offering an 11% discount. The cement company rallies 38% to become the best first-day performer among Hong Kong IPOs of reasonable size this year. After losing several key members of its advisory team to rival banks, RBS appoints Manoj Agarwal to lead its corporate finance effort in India. Joining from ABN AMRO, Ronald Song will be responsible for corporate finance origination and execution. Barclays Capital strengthens its corporate finance franchise by hiring five senior bankers from ABN AMRO including the heads of M&A for Asia and India. The final price of HK$4.95 represents a 36% discount to the company's larger competitor Anhui Conch Cement, but some investors hold off with the aim of buying in the secondary ... The spin-off from Taiwan's Far Eastern Group is seeking to raise up to $310 million which will go towards aggressive capacity expansion.