Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.

Starting May 6 in Hong Kong, Casati will help build additional banking capabilities including advisory, financing and risk management.

The US-China trade war, sparked by US president Donald Trump's tariffs, looks like it is just beginning, with global markets set to be on a roller coaster for weeks; China has now retaliated further.

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.

Global investors, with the majority in Asia, participated in the deal which included five year, 10 year and 30 year senior bonds, and is the largest US dollar bond issuance in Hong Kong in the Reg S format; the funds will help drive infrastructure development.

Sydney-based Ben Connolly will step up from his real estate role, while Philippe Perzi will join from Goldman Sachs where he was managing director and head of FIG.

FA understands the bank is making a number of senior leadership changes and hires across ECM, investment banking and technology, in Hong Kong, Singapore, Sydney and San Francisco; including Apac Equity Syndicate leader and head of SEA ECM.

The city will “regularise” the issuance of tokenised bonds, according to Hong Kong's financial secretary at his latest Budget speech; Chan is expecting GDP growth of 2% to 3% in 2025.

The rationale behind all the winners for the best capital market deals across Asia Pacific.

The decision comes after several US banking groups left the NZBA over the last six months.