The Chinese house has hired BBVA’s Asia equities head Eugene Lee as global head of sales and marketing. It comes as the Spanish bank shuts its equity sales and structuring desk.
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The Spanish bank’s equities unit has taken a substantial hit in headcount – including salespeople and structurers – as part of a cut in global markets staff in Asia.
The pair plan to develop and market investment products based on the Rogers Global Resources Equity Index throughout Europe, Latin America and Asia.
