Citi has hired Nathan McMurtray to boost its convertible bond team in Asia, according to sources. McMurtray, a managing director, has been head of Asia equity-linked origination at Standard Bank for the past year and is expected to start with Citi in Hong Kong in the next couple of weeks after working out his notice.
The hire comes just days after Morgan Stanley hired five people, including two origination bankers, one sales trader and two traders, to rebuild its CB franchise in the region, suggesting banks are expecting a pickup in new CB issuance. So far this year, Asian companies have raised close to $3.1 billion from 16 new CBs, which compares...
¬ Haymarket Media Limited. All rights reserved.
