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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

August 2009

FX: CIBC makes senior appointments


This story was first published on theweeklyFiX, for more details please click here

The build-up at CIBC continues. The bank has hired Chris Dunning as its global head of FX options and Eric Ohayon as a managing director, FX and commodity structuring. Dunning, who joins from UniCredit, will be located in Toronto and reports to Tim Carrington, the bank’s global head of FX options. Ohayon, who was at Bank of America, will also be based in Toronto and reports to Bill Bamber, CIBC’s global head, structuring. CIBC has also hired in sales. Natasha Crago joins from Baring Asset Management as a director, reporting to Barnie Hartley, and Ross Hefford, who is an exile from ABN Amro/RBS joins as an executive director, reporting to his former colleague Mark Sweeting.


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