The usual post-bonus round of recruitment has generated a typical flurry of activity in Asia’s investment banking community. The one area that has been notably active is the debt capital markets business as banks reposition their businesses to reflect the exceptionally strong market conditions of 2006 and the start of this year.
“There’s been a lot of musical chairs in the DCM field,” says the debt head at a US bank. “I think that’s going to continue as a lot of firms are going to replace people.
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