Bank of America opens Guangzhou ops hub

Singapore-based Jarek Olszowka has over two decades of experience in financial services and most recently worked at Nomura in London.

The US bank has created groups for power, utilities & infrastructure and natural resources in investment banking, and appointed Apac leaders for each.

Amid a structural shift towards Asia, Insilico Medicine's IPO in December was a significant moment for the exchange, while French biotech TheraVectys is understood to be considering a listing.

FA has learned that the US bank has made three leadership appointments.

The Singaporean tech firm's $1.49bn deal will boost its financial services arm across five markets.

The SAR's bourse needs to tap companies from beyond mainland China such as those based in Southeast Asia, while also attracting secondary listings, including from the Middle East.