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HSBC hires Goldman veterans for Asia equities

Bloomberg HSBC Holdings Plc has hired three executives from Goldman Sachs Group Inc. as it seeks to bolster its equities business in the Asia-Pacific region, people familiar with the matter said. Michael Chandler, formerly Goldman Sachs’s co-head of Asia-Pacific research sales, has joined HSBC as head of equity sales for the region, the people said, asking not to be named ...

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PBOC chief Zhou’s proteges poised to take reform baton

Bloomberg As the retirement of People’s Bank of China Governor Zhou Xiaochuan nears, his legacy of financial reform may yet live on through the advancing careers of people he’s helped guide to prominence. The latest examples of that phenomenon are five officials, associated with Zhou and seen as like-minded reformers, who were promoted since 2015 to key posts at the ...

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Egypt’s central bank holds interest rates

Reuters Egypt’s central bank is seen leaving key interest rates unchanged this month, a Reuters poll indicated, after it raised them by 200 basis points last month for the second time as inflation soared. Egypt has raised key interest rates by 7 percentage points since it floated the pound in November as part of a $12 billion International Monetary Fund ...

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