The head of Citigroup's Asia Pacific prime brokerage, Hannah Goodwin, is retiring after more than eight years at the U.S. bank, two sources familiar with the matter said and Citigroup confirmed.
Morgan Stanley has appointed Qatari national Abdulla al-Ansari as the bank's new head in the country, according to an internal memo seen by Reuters, a sign the U.S. bank is positioning itself for a share of rising deal activity from the gas-rich Gulf state.
Al-Ansari, who has previously worked at Qatar National Bank's brokerage division, will replace Khalid al-Subeai who joined The First Investor, the investment banking arm of unlisted local lender Barwa Bank, late last year.
And Reuters also reports that Asia-focused bank Standard Chartered has hired Sarmad Lone, previously with Morgan Stanley, to help boost the lender's business with top international companies in the Middle East and north Africa.
Lone has joined the British lender as its regional head for global corporates for Middle East, North Africa and Pakistan, a Standard Chartered spokesman said in an emailed statement on Tuesday.
Yap, who worked for Mizuho Securities Asia Ltd. until May, will be joined at Ark One Ltd. by two other founding partners he declined to identify.
They plan to open the fund to investors in mid-August, pending license approval by the city’s Securities and Futures Commission, he said in an interview in Hong Kong yesterday.