Despite widespread speculation linking Nomura Securities' departing head of non-Japan Asia securitization Chris Chau to the same role at HypoVereinsbank (see ASR 11/8/04), ASR now understands Chau will not be going there after all.

Chau did hold discussions with HVB and was believed to be very close to joining the firm, although not for the position of non-Japan Asia head. HVB has already filled that vacancy with an internal promotion of John Pang, who has been with the firm for several years and worked on some of the firm's notable transactions in Singapore and Taiwan.

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