British bank hires high-profile ex-Deutsche banker as global head of transaction banking as it ramps up its fintech offering. A high-profile treasurer is also joining.
HSBC is losing its regional head of product for GLCM to a Singapore-based rival, CT can reveal. In his place, it is promoting two experienced bankers to new roles.
Singapore might have the pedigree and Hong Kong the proximity to China, but fast-emerging corporate hubs in Southeast Asia are snapping at their heels.
Last May, Hong Kong passed significant tax savings to lure corporates to set up their treasury hubs in the city. All eyes are now on corporate tax filings due in August.
Most airlines hedge fuel expenses. This time, Cathay Pacific failed to predict oil would stay cheap. It is not alone in making this call ... and it wasn't necessarily wrong.