Credit sales merry-go-round continues as CLSA rebuilds in Hong Kong
CLSA’s ambitions in Hong Kong seem intact after recruiting two staff to reboot its fixed income sales desk.
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CLSA’s ambitions in Hong Kong seem intact after recruiting two staff to reboot its fixed income sales desk.
A new trading platform for the Asian bond market that was spun out of the Singapore Exchange (SGX) is bulking up in Hong Hong. XinTru is a joint venture between SGX, US credit trading specialist Trumid and private equity firm Hillhouse Capital. It launched in February and has made a series of eye-catching hires. The JV operates Trumid XT, a trading platform that connects SGX’s Bond Pro and Trumid’s Market Center. Loh Boon Chye, CEO of SGX refers to TrumidXt as “the missing link between Asian and U.S. markets.” Trumid XT’s status as a new fintech has already attracted tr...