Rabobank's Asia head takes global role

The promotion of Donal Galvin is another example of a bank giving an Asian banker a global role, in a sign of the region's growing importance.

Donal Galvin, Rabobank's head of Asia-Pacific financial markets, has assumed global responsibility for the bank's equity and fund derivatives business, following the resignation of Alan Shaffran in New York, who was previously head of structured equity and fund derivatives.

Galvin's appointment once again demonstrates the growing importance of Asia to banks' bottom lines. Increasingly, banks with beleaguered teams in Europe and the US are appointing senior and profitable Asian investment bankers to global roles.

Rabobank's move follows Deutsche Bank's recent...

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