Hong Kong

According to a release, Mr Patrick K W Chan will resign as Executive Director of Hang Seng Bank and will cease to be Head of Greater China of the Bank with effect from 1 May 2017 in order to pursue other new interests. Mr Chan has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Bank.

Commerzbank has made two new appointments to serve its global financial institutions network and international corporates franchise.

And Deutsche Bank is fined $156m for forex violations.

Citi Private Bank has appointed Roger Bacon as Head of Investments for Asia Pacific.

According to Bloomberg, Credit Suisse Group AG has hired two senior equities executives in Asia from Deutsche Bank AG, a person familiar with the matter said, amid a restructuring of the Swiss bank’s global markets business and a recent leadership change in the region.

27% of SOEs are loss-making.

Ms Leslie Raymond has been appointed Head of People, Asia in National Australia Bank (NAB) and commenced her role on 1 March 2017. Ms Raymond is based in NAB’s Hong Kong branch located in Pacific Place. Ms Raymond replaces Ms Kate Colley who has repatriated to Melbourne to assume the role of Head of People for NAB’s Corporate and Institutional Banking business.

Participants include BOCHK, BEA, Hang Seng, HSBC, and StanChart.

Strong expansion in credit activity is unlikely to be sustained.

The additional capital would balance the banks' higher risk appetite for China-related activities.

Stakes were bought by First Origin International.

Among those leaving is a Hong Kong-based director for sales trading.

More than half of our Citi's Consumer Bank clients use digital channels.

For advising a Chinese seafood supplier on its IPO.

One of his first major tasks is to find a CEO to succeed Stuart Gulliver.

It's the first bank in Hong Kong to do so.