A memorandum of understanding was signed this week between CIMB, Malaysia's second biggest bank, and Royal Bank of Scotland to finalise terms to acquire the UK bank's investment banking platform in Asia.
Nicholson, who was global head of equity capital markets and vice-chairman of investment banking, was the first senior foreign banker to join Bank of China’s investment banking arm.
He will report to David Russell, Head of Securities and Fund Services Asia Pacific and to Sanjiv Sawhney, global Head of Fund Services.
RBS, 82 per cent owned by the British government following a bailout in 2008, has already put its advisory and securities business in Australia on the block and further paring of its operations has been expected for some time. RBS currently employs 600 s
“Kwang Meng Quek will be leaving Citi Private Bank in March to pursue real estate development opportunities in Shanghai, China,” the note added.
The internal appointments, which are effective 1 March 2012, reflect the depth of talent in the combined Division and the organisational structure further reinforces ANZ’s super regional strategy.
The World Bank last week launched the nomination process to select a new president to succeed Zoellick when he steps down in June, inviting names from any of its 187 member countries. The Obama administration has said it would open the process to competit
Venkatakrishan joins HSBC from J.P. Morgan’s Treasury and Securities Services business in India, where he worked for over 14 years in a number of roles. Most recently, his role within J.P. Morgan was to lead the Client Service and Implementation tea