Bankers' verdict: "Singapore is incredibly expensive & a bit dull"

Posted by PSR_AXP 10 days ago
As the Hong Kong Investment Fund Association (HKFA) calls on Hong Kong to provide a concrete plan to end quarantine restrictions to ensure it retains its status as an international financial centre, banks have already been hedging their bets.
“It cannot be become a norm for major business executives or investors to skip Hong Kong in their Asia trips because of quarantine requirements,” Nelson Chow Kin-hung, the association’s chairman, said in a media briefing.
But Big western banks are looking outside Hong Kong as they look to fill regional leadership roles. In June Deutsche Bank appointed Darren Boulos as co-head of global FX for Asia Pacific, based in Sydney. Boulous replaced Lee Merchant who relocated from Sydney to London to become global head of spot trading. 

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