Asia
- Crédit Agricole CIB confirms David Maisant's Apac loan distribution roleby Andrew Tjaardstra on February 6, 2025 at 6:50 am
Hong Kong-based Maisant has replaced Sébastien Pietryk as Apac head of distribution and asset rotation, overseeing the bank's Apac loan activities; Pietryk has moved onto a different role at the bank.
- Citi names Christie Chang as Taiwan CEO and chairmanby Andrew Tjaardstra on February 5, 2025 at 4:09 am
Chang, president of Citibank Taiwan and vice chair of Asia North corporate banking, will succeed Aftab Ahmed, who is retiring, on April 1.
- Citi's Ashu Khullar to become GAM co-headby Andrew Tjaardstra on February 5, 2025 at 3:04 am
K. Balasubramanian, Asia South head of corporate banking, has been appointed India subcontinent sub-cluster & banking head and India Citi country officer & banking head designate, to replace Khullar's current role.
- SoftBank and OpenAI agree Japanese AI joint ventureby Andrew Tjaardstra on February 4, 2025 at 11:30 am
SoftBank has said it will spend $3bn annually to deploy customised AI across its group of companies; the JV, known as SB OpenAI Japan, will sell to Japanese firms.
- Analysis: How DeepSeek’s AI model is driving investors into an uncomfortable realityby Christopher Chu on February 4, 2025 at 6:58 am
The release of a competitive low cost large language models not only shifts the AI narrative away from expensive hardware, but also prompts debate about a potential inflection point for fund managers, with some models potentially not surviving.
- US eyes sovereign wealth fundby Andrew Tjaardstra on February 4, 2025 at 6:37 am
Scott Bessent, the treasury secretary, and Howard Lutnick, the secretary of commerce, will submit a proposal to president Trump within 90 days.
- Green bond credentials tokenised under Project Guardianby Ryan Li on February 4, 2025 at 5:46 am
Reporting tokens will help with digital and tokenised green bonds, hopefully increasing investor confidence in the space. MAS, the NUS, UOB and Northern Trust’s Matrix Zenith are involved.
- Law firm Broadfield opens Hong Kong officeby Andrew Tjaardstra on February 4, 2025 at 2:55 am
Effie Vasilopoulos, formerly at Sidley Austin, will lead Broadfield's Apac operations as the newly created firm looks to build out the team quickly to cover the region across funds, private equity and corporate advisory.
- Updated: China hits back with retaliatory tariffs on US productsby Andrew Tjaardstra on February 3, 2025 at 12:57 am
After US president Donald Trump issued executive orders to place 25% tariffs on Mexican and Canadian imports (now delayed) and 10% on Chinese goods (starting February 4); China has now retaliated with tariffs on US coal, gas, crude oil and more.
- China property giant Vanke expects to lose Rmb45bn in 2024by Andrew Tjaardstra on January 28, 2025 at 7:03 am
The CEO and chairman have stepped down as the company looks to solve "temporary liquidity difficulties", in part through the support of its largest shareholder, the state-owned Shenzhen Metro Group.