Hong Kong

He joins Credit Suisse from BofA Merrill Lynch.

Here's what to blame.

It's a 1-year agreement with Shenzhen International.

He is currently co-head of equity capital markets in Asia, excluding Japan and Australia.

Combines private banking heritages of Safra and Sarasin.

Will help banks with senior, subordinated and hybrid debt.

Subsidiary will introduce a separately managed accounts platform.

Concerns over banks' capital consumption arise.

Cheaper borrowing costs are a boon.

Is based in Hong Kong.

Responsible for all of the firm's businesses in the region.

Will this be a consistent trend?

Standard Chartered announced the appointments of Mike Garcia as Head of Hong Kong Equities Sales Trading, and Jamie White as Director, Equities Sales Trading. Both Mike and Jamie are based in Hong Kong and will report to Richard Stone, Global Head of Equities Sales Trading. In their new roles, Mike and Jamie will contribute to the Bank’s efforts to expand the Cash Equities Sales Trading platform in Hong Kong. This aligns to our ambition to meet the growing needs of our clients as we continue to build capabilities. Mike brings more than 15 years of sales and trading experience to Standard Chartered. Prior to joining the Bank, he was Head of Hong Kong Sales Trading at Barclays Capital. Mike also previously worked at Bank of America Merrill Lynch, ITG Securities, Macquarie Bank and Kim Eng Securities. Jamie also joins Standard Chartered from Barclays Capital, where he was most recently Director, Equity Sales Trading. He previously held a similar role at Bank of America Merrill Lynch. Commenting on the appointments, Tim Andrew, Global Head of Cash Equities, said, “We are very pleased to welcome both Mike and Jamie to the Bank. Mike’s wealth of sales and trading experience, and Jamie’s specialist trading skills will greatly complement our business as we continue to enhance our Cash Equities capabilities and expand our presence across the Bank’s footprint in Asia.”

Customers can use NFC-enabled phones.

Their 16.5% exposure to China concerns analysts.

Is RMB liquidity tightness a good thing?