Tag: ecm

Simon Aird's return to London comes at a time of heavy turnover at the equity syndicate desks in Hong Kong. The latest moves include the resignation of William Smiley from HSBC ... Agricultural Bank of China’s IPO could put an end to the government's role as a fixer of NPL-afflicted banks, while an A-share sale by HSBC may open a new chapter for China's ... The new job will see Long change his focus from Southeast Asia to China. His previous role at Credit Suisse has been filled by Manish Chhalani, who has been named head of ECM ... Sumeet Puri leaves Morgan Stanley in India to join Deutsche Bank in Hong Kong as head of equity syndicate for Asia. James Fleming has been appointed head of ECM syndicate for the Americas at UBS, and will be replaced as head of the Asia equity syndicate desk by Stuart Mackay. Jae Won Lee joins from ABN AMRO to help build Macquarie's equity capital markets and advisory business in Korea. The former Lehman banker gives up his job as CFO of a French agricultural company to return to investment banking and is joined by four more corporate finance hires. Mervyn Chow and Zeth Hung take on joint responsibility for the firm's ECM franchise in non-Japan Asia after Vikram Malhotra adds investment banking to his remit. Former head of China equity capital markets, Jie Lian, has resigned to become CFO of unlisted Chinese education services company Ambow. Alex Woodthorpe hands in his notice after 13 years with the US investment bank, but agrees to stay on for a transition period. A 57% drop in IPO activity drags down overall ECM volumes and revenues in the region year-to-date, although capital raised from rights issues more than doubles. Heidi Yang moves across to become head of Deutsche's corporate advisory group for Asia and is accompanied by two other corporate finance bankers. The former Credit Suisse banker brings with him 15 years of experience in Asia's capital markets. Sakthi Siva joins from UBS as equity strategist for Asia-Pacific and global emerging markets, while ECM banker Rudolf Yu will move across from BNP Paribas. Taking on a new role as head of equity capital markets, Yuen will help to expand the US investment bank's ECM franchise in Asia. Two senior bankers relocate from Europe while Asian bankers Rowena Chu and Ashok Pandit are promoted. Long leaves Deutsche to focus on equity capital markets for Southeast Asia at the Swiss bank. Is equity capital markets activity drying up because Japanese executives are waking up to the perils of M&A? Kester Ng to become sole head of ECM for Asia as Jonathan Back moves into a new corporate development role. Can 2007 match the volumes of 2006?