HSBC has landed Matthew Kirkby, who joins the lender as its newest head of corporate business for commercial banking in the Asia-Pacific (APAC)
Asia-Pacific (APAC)
The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or regulatory differences.In terms of the market as a whole, a series of events over the past decade has resulted in periods of extreme volatility and price spikes.These have helped increase the randomness in volatility that has been exacerbated by the several structural changes in the APAC FX market.This includes the impact of prudential regulation on banks’ ability to warehouse risk, the increased cost of continuing to participate in the market, and the competitive edge some institutions have gained through enhancing the sophistication of their platforms.APAC Outlook for FX MarketThe APAC market still looks friendly for development over a longer period though challenges remain for the FX industry.For example, liquidity is likely to concentrate further among fewer institutions in the decade ahead, which could limit the number of players.Despite its rapid recent growth China’s FX market is still small as a percentage of GDP and primarily domestic, this points to a clear opportunity for the market to develop further.Finally, the internationalization of the Chinese renminbi (RMB) is set to be a major force shaping the global financial system. Consequently, this should make China’s financial markets deeper and more liquid and have significant implications for international investment trends and global asset prices.
The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or regulatory differences.In terms of the market as a whole, a series of events over the past decade has resulted in periods of extreme volatility and price spikes.These have helped increase the randomness in volatility that has been exacerbated by the several structural changes in the APAC FX market.This includes the impact of prudential regulation on banks’ ability to warehouse risk, the increased cost of continuing to participate in the market, and the competitive edge some institutions have gained through enhancing the sophistication of their platforms.APAC Outlook for FX MarketThe APAC market still looks friendly for development over a longer period though challenges remain for the FX industry.For example, liquidity is likely to concentrate further among fewer institutions in the decade ahead, which could limit the number of players.Despite its rapid recent growth China’s FX market is still small as a percentage of GDP and primarily domestic, this points to a clear opportunity for the market to develop further.Finally, the internationalization of the Chinese renminbi (RMB) is set to be a major force shaping the global financial system. Consequently, this should make China’s financial markets deeper and more liquid and have significant implications for international investment trends and global asset prices.
Read this Term) region, according to a recent report from Finance Asia.
Mr. Kirkby joins HSBC from Malaysia’s CIMB – he was one of the Royal Bank of Scotland’s most tenured bankers, who joined CIMB after an acquisition of RBS’s cash Equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country.
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country.
Read this Term, equity capital markets, and corporate finance businesses in the APAC region.
Subsequently, Mr. Kirkby, who served as the APAC head of global banking and global head of corporate finance at RBS, moved into the role of co-head of investment banking for APAC at CIMB.
CIMB has since scaled back portions of its global business, whilst cutting costs by upwards of 30% in 2015 across its APAC investment banking and equities divisions, culminating in the closure of offices in Sydney and Melbourne.
According to CIMB’s acting CEO, Zafrul Abdul Aziz, in a recent statement on the present state of the company, “We have taken a long hard look at our Asia-Pacific investment banking business. The realities of today’s capital markets and the absence of sufficient flows have directly contributed to this decision.”
This consequently paved the way for Mr. Kirkby’s ascension into his new role at HSBC. As its newest commercial banking head, he will be based out of Hong Kong, where he will report to Noel Quinn, HSBC’s regional head of commercial banking – APAC and Joel Van Dusen, global head of large corporates for commercial banking.
HSBC has landed Matthew Kirkby, who joins the lender as its newest head of corporate business for commercial banking in the Asia-Pacific (APAC)
Asia-Pacific (APAC)
The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or regulatory differences.In terms of the market as a whole, a series of events over the past decade has resulted in periods of extreme volatility and price spikes.These have helped increase the randomness in volatility that has been exacerbated by the several structural changes in the APAC FX market.This includes the impact of prudential regulation on banks’ ability to warehouse risk, the increased cost of continuing to participate in the market, and the competitive edge some institutions have gained through enhancing the sophistication of their platforms.APAC Outlook for FX MarketThe APAC market still looks friendly for development over a longer period though challenges remain for the FX industry.For example, liquidity is likely to concentrate further among fewer institutions in the decade ahead, which could limit the number of players.Despite its rapid recent growth China’s FX market is still small as a percentage of GDP and primarily domestic, this points to a clear opportunity for the market to develop further.Finally, the internationalization of the Chinese renminbi (RMB) is set to be a major force shaping the global financial system. Consequently, this should make China’s financial markets deeper and more liquid and have significant implications for international investment trends and global asset prices.
The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or regulatory differences.In terms of the market as a whole, a series of events over the past decade has resulted in periods of extreme volatility and price spikes.These have helped increase the randomness in volatility that has been exacerbated by the several structural changes in the APAC FX market.This includes the impact of prudential regulation on banks’ ability to warehouse risk, the increased cost of continuing to participate in the market, and the competitive edge some institutions have gained through enhancing the sophistication of their platforms.APAC Outlook for FX MarketThe APAC market still looks friendly for development over a longer period though challenges remain for the FX industry.For example, liquidity is likely to concentrate further among fewer institutions in the decade ahead, which could limit the number of players.Despite its rapid recent growth China’s FX market is still small as a percentage of GDP and primarily domestic, this points to a clear opportunity for the market to develop further.Finally, the internationalization of the Chinese renminbi (RMB) is set to be a major force shaping the global financial system. Consequently, this should make China’s financial markets deeper and more liquid and have significant implications for international investment trends and global asset prices.
Read this Term) region, according to a recent report from Finance Asia.
Mr. Kirkby joins HSBC from Malaysia’s CIMB – he was one of the Royal Bank of Scotland’s most tenured bankers, who joined CIMB after an acquisition of RBS’s cash Equities
Equities
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country.
Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling partial ownership in the company.There are many reasons for individuals investing in equities. In the United States for example, equity markets are amongst the largest in terms of transactions, investors, and turnover.Why Invest in Equities?Overall, the appeal of equities the potential for high returns. Most portfolios feature some portion of equity exposure for growth.In terms of investing, younger individuals can afford to take on higher levels of equity exposure, i.e. risk. Consequently, these people have more stocks in their portfolio because of their potential for returns over time. However, as you are planning to retire, equity exposure becomes more of a risk.This why many investors or holders of retirement accounts transition at least part of their investments from stocks to bonds or fixed-income as they get older.Equity holders can also benefit through dividends, which differ notably from capital gains or price differences in stocks you have purchased.Dividends reflect periodic payments made from a company to its shareholders. They’re taxed like long-term capital gains, which vary by country.
Read this Term, equity capital markets, and corporate finance businesses in the APAC region.
Subsequently, Mr. Kirkby, who served as the APAC head of global banking and global head of corporate finance at RBS, moved into the role of co-head of investment banking for APAC at CIMB.
CIMB has since scaled back portions of its global business, whilst cutting costs by upwards of 30% in 2015 across its APAC investment banking and equities divisions, culminating in the closure of offices in Sydney and Melbourne.
According to CIMB’s acting CEO, Zafrul Abdul Aziz, in a recent statement on the present state of the company, “We have taken a long hard look at our Asia-Pacific investment banking business. The realities of today’s capital markets and the absence of sufficient flows have directly contributed to this decision.”
This consequently paved the way for Mr. Kirkby’s ascension into his new role at HSBC. As its newest commercial banking head, he will be based out of Hong Kong, where he will report to Noel Quinn, HSBC’s regional head of commercial banking – APAC and Joel Van Dusen, global head of large corporates for commercial banking.
