Tag: citi

The government's sell-down in the country's largest iron ore miner will boost the free-float to 10%, but valuation multiples suggest it could be a tough sell. Following on from Kexim’s successful issue last week, Shinhan Bank comes to market with a tightly priced 5.5-year security. John Liptak takes on a new role as Citi’s head of Asia-Pacific distressed and special situations after only nine months with Tribridge Investment Partners. Competition among China’s banks is set to rise as demand for cash management from local SMEs increases. Citi appoints Munir Nanji to vacant Asia-Pacific bank services group head position. Wells Fargo global trade services head Steven Nichols takes a walk through the bank’s newly acquired trade document processing centre. An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to ... Private equity firm KKR hires Abhijit Sen from Citi as CFO for its India operations. After 12 years with Citi, Shahryar Mahbub resigns from his position as Asia-Pacific head of investor sales. Citi continues on its hiring spree in India, poaching Keshav Sanghi from Reliance Equities to become deputy head of equities. The combination of a falling market and one large buyer crowding out the rest leads to a poorly subscribed transaction. Distelbrink leaves Citi just eight months after being promoted to head of treasury and trade solutions for Asia-Pacific and Japan. Citi's Rodrigo Zorrilla and David Ratliff talk to FinanceAsia about their outlook for debt and equity issuance in 2010 and Citi's plans for its Asian markets business. Export-Import Bank of India issues the five-year bond against a backdrop of yet another day of unstable market conditions. Standard Chartered Bank (China) joins Citi and J.P. Morgan to become a market maker in China's national interbank bond market. The Singapore-based budget airline drums up strong support for its upcoming listing, despite a short operating history and an aggressive expansion plan. Alasdair Morrison, a former CEO of Morgan Stanley Asia and former group managing director of Jardine Matheson, joins Citi as senior advisor. The Republic of Indonesia starts the year aggressively with the issue of a tightly priced 10-year bond. Citi's Asia global banking head Farhan Faruqui expects a busy year for capital markets issuance in Asia-Pacific and some major outbound M&A news. Malaysia’s Securities Commission issues a stockbroking licence to Citi.