Despite the broad exodus from emerging market debt, offshore renminbi bonds have attracted flows and are expected to continue to benefit from renewed investor interest.
The bank has expanded the remit of its management team in Singapore to take account of its fast-growing South Asia business. It aims to centralise resources.
Compliance officers at financial institutions outline how the cost of complying with a raft of regulatory reforms is dampening innovation and making it difficult to stay competitive.
William Egan joins as head of mandate sales for prime services in Asia, with more hires expected. He was Barclays’ head of FX prime brokerage and OTC clearing in Singapore.
Tsukasa Miyachi joins as a managing director to focus on Indonesia as one of a quartet of additions in Southeast Asia. The firm has over 100 private bankers covering Asia-Pacific.
They are positive about China and the eurozone, while emerging markets become the second most actively used asset class. Changing regulation is seen as the main challenge.
After an aggressive expansion of its prime services network in the region, Barclays is transforming from its beginnings in synthetic prime brokerage to a full-service offering.