Galvin's appointment once again demonstrates the growing importance of Asia to banks' bottom lines. Increasingly, banks with beleaguered teams in Europe and the US are appointing senior and profitable Asian investment bankers to global roles.
Rabobank's move follows Deutsche Bank's recent decision to relocate Noreddine Sebti, its global head of equity trading, to Asia from New York to be responsible for the full range of the bank's customer-facing equity business, including cash equities, derivatives capabilities such...
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