Tag: royal bank of scotland

Foreign investors contribute only 2.2% of the QIB order volume as valuations are deemed too aggressive, but the government gets $2.18 billion to plug holes in its budget. 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. Paul Gardner leaves RBS to become Deutsche Bank’s new Asia-Pacific regional head of structured trade and export finance. RBS strengthens its wholesale banking position in Singapore with senior appointments to its global banking and markets team. 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 Dubai government’s request for a standstill on Dubai World debt could be the beginning of a sovereign default. The Indian aluminium producer increases the fixed-price deal from $350 million after strong demand from foreign investors. Joel Greenblatt, the author of a best-selling investment book, has teamed up with RBS to launch an investable index based on his magic formula. The country's second-ever dollar bond attracts $6.8 billion of demand as investors expect a growth boost from the post-war restructuring now underway. Royal Bank of Scotland is growing its equity derivatives business to compete for institutional clients in the region. Raymond Yin joins from J.P. Morgan to run China investment banking together with Joe Xiang, who is promoted internally. The Asia-Pacific transaction banking business remains core to RBS, says global transaction services head Brian Stevenson. A former emerging markets fund manager with Polar Capital, Emil Wolter joins RBS as head of Asian regional equity strategy. The Royal Bank of Scotland has hired Anil Gudibande from AIG Investments as head of corporate financing and risk solutions for India. ANZ makes senior appointments to reflect its increased footprint after buying certain retail and commercial businesses from RBS. The Asia-Pacific team will be led by John Mullins and aims to deliver products to the bank's wholesale clients more efficiently. The hires include Kevin Chang, who becomes the head of equity derivatives strategy, and Darwin Lam, the new head of regional insurance research. Our annual pub crawl, err box tour, at the Hong Kong Rugby Sevens proved that while there was still plenty of liquor, the banks had cut back on trimmings and give-aways. The appointment of John Hills to Bank of New York Mellon’s Asia-Pacific trade team comes as banks expand treasury services throughout the region. The Japanese brewer sells its stake in San Miguel Brewery's parent company to partially finance the acquisition.