Public Finance in Asia & Europe

What's the public finance scene like in Asia and Europe? Do the BBs have groups in their HK and London offices? Would it be possible for someone starting in PubFin at a NY BB to move over to HK after their analyst stint, either as a lateral or moving to the buy side?

Seems like PubFin is kind of U.S.-focused since it deals with U.S. munis, but would it be transferable to Asian/European funds that invest in munis, or would the experience in infrastructure, utility projects, etc be transferrable?

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