markets

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.

Citi's Akira Hoshino succeeds Tokiya Kishie, who has left the company.

Cristina Chang will lead Citi ANZ’s markets business while retaining her role as head of asset backed financing, spread products, Asia North, Australia and South Asia.

The Australasian bank has announced that Anshul Sidher will step up as managing director of its Markets business. He will oversee recent recruit, Viacheslav (Slava) Shilin, who has joined the bank from Citi to lead its credit strategy.

Investors can tap China’s interest rate swap markets directly through a pioneering derivatives mutual market access programme.

Recently appointed Dechert partner, Daniel Margulies, spoke to FinanceAsia about setting up the firm’s first financial restructuring practice in Asia, and what sectors are likely to drive business in light of current macro events.

Charles Lam and Caroline Chan take on expanded roles as head of Markets and head of Securities Services, respectively.

Hossein Zaimi will replace Matt Pecot, whose retirement from the bank was announced earlier this month.

A White House executive order to lay out a national policy for digital assets should help boost credibility for cryptocurrencies, but concerns that decentralised finance technology can help evade sanctions still lingers for policymakers and investors.