Credit Agricole CIB

With the volatility in the equity markets and the uncertainty over the economic outlook, Asia’s wealthiest people are putting their cash to work in the bond markets.

The hires include a head of FX sales for Asia ex-Japan and a head of Asia energy trading.

India's Bank of Baroda raises $350 million and Korea's Woori pockets $500 million, both taking advantage of the current steepness in the yield curve between five and six years to lure investors with a higher coupon.