The former head of Citi’s Apac equity derivatives trading will relocate from Singapore to Hong Kong and cover Asia South, Japan, Asia North and Australia.
The move by Australia to phase out the bonds may reflect the unusually high level of retail investor holdings of AT1 instruments in the country, Fitch Ratings said.
The Credit Suisse crisis shows that the bonds don't necessarily provide stability to banks and investors as designed; APRA has proposed a different capital framework from January 1, 2027.
The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.
EQT invests in Australian tech education firm Compass; HKEX's H1 2024 results; iron ore slowdown sees BHP diversify; Canada to slap tariffs on Chinese EVs, steel and aluminium; HKIC invests in Thailand.
Canada’s Brookfield Asset Management has bought a 50% stake in the student accommodation manager from Citiplan, which continues to own the remaining 50% in a JV.