StanChart names Gwak head Asean capital markets

The British bank has promoted Aaron Gwak as issuance starts to pick up again in the Asean bloc.

Standard Chartered has promoted Aaron Gwak to head its capital markets business across the Asean bloc as activity in the region belatedly begins to pick up, the Asia-focused British bank said on Thursday.

It's been a soft start to the year for investment banks with revenues from debt capital market transactions in the Asia-Pacific region, excluding China, totaling just $534 million in the four months to end-April, the lowest for that corresponding period since 2008, according to Dealogic. 

But signs of a revival are slowly emerging after TMB Public Bank sold a $300 million bond on March 23, becoming the first...

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