Tag: barclays

Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. Cikarang Listrindo prices its high-yield bond at the end of an eventful week in the debt markets. Deals for Exim Bank of India and Vietnam are both expected to price in the ... The Republic of Indonesia starts the year aggressively with the issue of a tightly priced 10-year bond. We talk to Robert Morrice, chairman and chief executive of Barclays in Asia, about how the acquisition of Lehman Brothers' North American operations has helped its Asia-Pacific ... Philippine conglomerate SM Investments Corporation, the holding company of the group, raises competitive dollar funding thanks to local demand. UK-based Barclays Wealth has appointed Partha Roychoudhury as head of active advisors for North Asia, in an effort to strengthen its client services and advisory capabilities. Barclays' new BARX PowerFill+ algorithmic FX trading tools give clients access to deeper liquidity. Barclays Wealth has hired Srinivas Siripurapu from UBS as head of Southeast and South Asia as well as market manager, South Asia community. Chip Goodyear leaves Temasek even before taking charge, over differences regarding strategic issues. Morgan Stanley's head of investment banking leaves after 14 years with the firm and will be replaced by Gokul Laroia and Kate Richdale. The offer from BlackRock includes the purchase of BGI's iShares business, unless CVC Capital Partners matches the offer. Barclays PLC reports a rise in first-quarter earnings; increases in Asia help boost the quarterly profits. The UK bank realises $4.4 billion from the sale of its ETF business to CVC, but has to provide debt financing of $3.1 billion to secure the deal. The CB comes with a 23% conversion premium, a 1.75% coupon and a whole lot of controversy. Rival bankers attack the sovereign GMTN issue as being too cheap. Sour grapes anyone? Steven Sun leaves UBS to become head of Barclays' financial institutions group for Asia-Pacific. Barclays delivers on its promise to beat analysts' consensus estimates, posting a $9 billion profit, but with a substantial contribution from one-time gains. Credit markets have got off to a good start in 2009, but Indonesia could find that sentiment is changing. UBS and Barclays take Indonesia on a global roadshow ahead of a medium-term note programme and after Moody's reaffirms the Republic's credit rating. Barclays cuts staff globally, but is still hiring selectively in the region.