Hong Kong

Offshore RMB business is key.

Citi is supported by Euroclear Bank and Clearstream in serving Asia Pacific.

He will report to Amol Gupte and Weber Lo.

Dah Sing Financial has HK$1.6b net profit.

It aims to increase offshore renminbi loan books in Hong Kong by 10%.

He replaces Guy Harvey-Samuel effective 18 March 2013.

The raise is effective immediately.

Targets US$10 billion in profits over the next four years.

Jeremy joined the bank on March 1 and is based in Hong Kong.

There has been increasing scrutiny on RWAs.

Margin was also disappointing at 1.62%.

They are likely to be selective in their lending decisions.

The growing trend of central banks around the world to stimulate economic growth by instituting quantitative easing is having the effect – either intended or unintended - of rapidly depreciating major currencies such as the Japanese Yen, Chinese Yuan, US Dollar and Euro.

Financial institutions received much of the blame for the global financial crisis in 2008. A wave of regulatory reforms in the financial and banking sector have taken place globally since that time in an attempt to address perceived weaknesses in the system.

It's down from 22.6% for 2012.

Loose monetary conditions in China is one reason.