Courting the AIIB: dealers eye development bank “goodies”
Multilateral development banks are a reliable source of business for issuance and swaps desks, so the creation of a new infrastructure lender in Beijing has sparked interest across the dealer community.
Jin Liqun is a popular man. The former Chinese vice-minister of finance is secretary general of the Asian Infrastructure Investment Bank (AIIB) – set to become the world's first major new multilateral development bank in almost a quarter of a century – and for dealers, that makes him the gatekeeper at what could be a major new client.
Risk is aware of three banks that have already beaten a path to Beijing to court Jin and the small team of senior officials tasked with getting the AIIB up and
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