HSBC has promoted Anita Fung to head of global banking and markets for Asia-Pacific with additional responsibility for global asset management across the region, introducing the same kind of overseeing function here in Asia as it has on a global basis.
Fung was previously head of global markets in the region, which includes sales and trading, balance sheet management and debt capital markets. The addition of global banking to her title means that she will now also be responsible for advisory, mergers and acquisitions, and equity capital markets activity -- plus the asset management business. In all, she will have responsibility for 7,000 global banking and markets employees in 21 countries and territories.
This means...
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