HSBC Securities names regional sales trading head

New tie-ups in Tohoku and Kansai highlight growing pressure on Japan's regional banks to defend deposits and cut costs.

Nicolas Vix, senior country officer for China, replaces Jean-François Deroche in Hong Kong.

The sale price was 7% below the price of the last trading day which reflected “market conditions”, and as a result CATL’s shares declined 6.88% on April 28.

The long-serving Societe Generale executive has most recently led the French bank’s global markets business in Japan, and will succeed Bruno Gaussorgues, who is taking on a group head role at the bank.

There were several multi-billion dollar deals agreed between the two nations at the Beijing summit, however, while the establishment of boards of trade and investment could help, some are sceptical, with Chinese FDI into the US at historically low levels.

Ivo Distelbrink transfers to the role internally.