hsbc

Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.

FinanceAsia caught up with HSBC’s Christina Ma to discuss how increasing investment connectivity between Asia and the Middle East is reshaping traditional capital markets and paving the way for the expanded use of private capital.

From January 1, 2025, the bank will operate through four businesses: Hong Kong, the UK; corporate and institutional banking; and international wealth and premier banking. The Apac and Middle East units will also be combined.

The bank expects to see increasing demand for digital bonds from the private sector.

The banking group's chief financial officer, who has experience in Asia, the Middle East and Europe, will start the group chief executive role in September.

Editorial board member, Sunil Veetil shared with FinanceAsia his observations of the current sustainability landscape and discussed the climate-conscious innovations that Asia’s market participants can look forward to over the long term.

The deal, including the transfer of 300 employees and around $3.6bn of assets and deposits, was announced in October 2023 as part of a wider strategy by Citi, which has now closed sales of consumer units in nine markets.

With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.