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Given EM’s increased dependency on FX debt, the world is in dire of need of the restructuring tools to deal with the potential fallout from rate tightening, Bank of Thailand chief warns.
BAML’s Asia-Pacific head of transaction banking, Ivo Distelbrink, has parted ways with the US bank, CT has learnt. A successor has also been announced.
Pravin Advani has been appointed the US bank’s head of global trade and loan products, replacing Dani Cotti, who left to set up his own transaction banking consultancy.
The US bank has lured former Tyco Electronics treasurer Gourang Shah from Citi to run its solution advisory service for Asia-Pacific. He is set to start in early December.
HSBC has hired Sriram Muthukrishnan from Standard Chartered as its new Asia-Pacific head of business development for global trade and receivables finance.