SG CIB appoints Americas deputy CEO
by Richard Kilner
Story link: SG CIB appoints Americas deputy CEO
Société Générale Corporate & Investment Banking (SG CIB) has announced the appointment of Craig M. Overlander as deputy chief executive officer of SG CIB Americas.
He brings with him extensive experience of the industry, and during his long career spent more than a quarter of a century with Bear Stearns, where he held numerous senior positions.
Following [...]
Deutsche Bank appoints Central Bank Sales MD
by Richard Kilner
Story link: Deutsche Bank appoints Central Bank Sales MD
Deutsche Bank has announced the appointment of Michael Durr as managing director and global head of Central Bank Sales, which falls underneath the umbrella of the bank’s rates division.
He joins the firm from Morgan Stanley, where he worked as global head of Multi-Product Sales to Central Banks.
Durr’s primary responsibility will be to foster relationships with [...]
Former Anglo Irish chairman arrested
by Gill Montia
Story link: Former Anglo Irish chairman arrested
The former chairman of Anglo Irish Bank has been arrested following an investigation into financial irregularities at the bank.
Sean FitzPatrick resigned as chairman in December 2008, having admitted to temporarily transferring loans of €87 million with Anglo Irish to another bank, before the group’s financial year end.
Mr FitzPatrick claimed the loans were made to him [...]
FSA recruits to stamp out market abuse
by Gill Montia
Story link: FSA recruits to stamp out market abuse
The Financial Services Authority (FSA) is proposing to take on an additional 460 staff to help clean up the UK’s financial services sector.
In an interview with The Sunday Telegraph, the regulator’s soon-to-be outgoing chief executive, Hector Sants, described market abuse in the UK as at an “unacceptably high level”.
Mr Sants then qualified his remark by [...]
Nomura Asset Management appoints CIO
by Richard Kilner
Story link: Nomura Asset Management appoints CIO
Nomura Holdings, Inc.’s wholly owned subsidiary Nomura Asset Management Co. Ltd. has announced the appointment of Yoshihiro Namura as chief investment officer.
Namura, who assumes his post from 1 April, will be supported by newly appointed chief investment officers of Equities and Fixed Income.
President and CEO of Nomura Asset Management Atsushi Yoshikawa has praised Namura’s experience [...]
Metro Bank ready to launch
by Gill Montia
Story link: Metro Bank ready to launch
London is the launch pad for Metro Bank, which has now secured a banking licence from the Financial Services Authority.
The new venture hopes to get ahead of the competition with opening hours that extend from 8am to 8pm on weekdays and 10am to 4pm at weekends.
The first branches will be unveiled in Holborn and South [...]
Deutsche Bank Securities hires Konstam
by Richard Kilner
Story link: Deutsche Bank Securities hires Konstam
Deutsche Bank Securities Inc. has announced the appointment of Dominic Konstam as managing director and global head of Rates Research, inside the firm’s Global Markets division.
He brings with him 18 years of experience in fixed income research, and previously worked for Credit Suisse as global head of Interest Rates Research.
Konstam’s primary task in his new [...]
Lloyds announces 370 more job losses
by Gill Montia
Story link: Lloyds announces 370 more job losses
Job losses are rolling along at Lloyds Banking Group with 370 positions to go at its Wealth & International, Group Operations and Group Executive functions across the UK.
Trade union Unite puts the total headcount reduction in the past year at around 15,000, although no redundancies are expected from the latest cuts.
Lloyds also announced 585 UK [...]
Nomura appoints head of Fixed Income for Asia ex-Japan
by Richard Kilner
Story link: Nomura appoints head of Fixed Income for Asia ex-Japan
Global investment bank Nomura has announced the appointment of Jai Rajpa as head of Fixed Income for Asia ex-Japan.
Rajpa has almost two decades of experience of fixed income in Asia, and three years ago joined Lehman brothers from Deutsche Bank.
At Lehman Brothers he was responsible for the fixed income franchise in south east Asia, as [...]
Nomura makes senior Indian appointments
by Richard Kilner
Story link: Nomura makes senior Indian appointments
Global investment bank Nomura has bolstered its presence in India with the appointments of Nipun Goel as head of Investment Banking and Nitin Jain as co-head of Fixed Income in India.
Goel joins Nomura from Merrill Lynch India, where he worked for 14 years and brings with him wide experience of the financial sector.
Jain was previously [...]
Deutsche Bank launches Nordic FX sales team
by Richard Kilner
Story link: Deutsche Bank launches Nordic FX sales team
Deutsche Bank has announced the creation of a new team dedicated to FX sales in the Nordic region.
The new team will cater to institutional, sovereign, public sector, corporate and mid cap clients in Sweden, Norway, Denmark, Finland and Iceland.
The team is to be based in Stockholm and will offer multiple products.
Presently, Deutsche Bank has offices [...]
Bank of America Merrill Lynch hire energy MD
by Richard Kilner
Story link: Bank of America Merrill Lynch hire energy MD
Oscar Brown has been hired by Bank of America Merrill Lynch to serve as the firm’s managing director of energy investment banking.
Brown will also lead the bank’s Houston investment banking office where he will assume responsibility for fostering client relationships and collaborating with global coverage teams to enable delivery of strategic ideas to clients.
He will [...]
New president of Natbank named
by Richard Kilner
Story link: New president of Natbank named
National Bank Financial Group has announced the appointment of Marie-Claude Lebel as president and chief operating officer of Natbank.
On 31 May Lebel will replace Rosaline Cyr, who is to join the firm’s Board of Directors.
Lebel is an industry veteran, and brings in excess of three decades of experience in the banking and risk solutions [...]
Piper Jaffray appoints Asian distribution head
by Richard Kilner
Story link: Piper Jaffray appoints Asian distribution head
Piper Jaffray has announced the appointment of Michael Chan to the post of Asian distribution head.
Chan brings more than a decade and a half of experience to his new post, and is to be based in the firm’s Hong Kong office.
Prior to joining the firm he worked for UOB Kay Hian and Goldman Sachs, where [...]
Bank of America Merrill Lynch announces pair of hires
by Richard Kilner
Story link: Bank of America Merrill Lynch announces pair of hires
Bank of America Merrill Lynch Global Banking and Markets President Tom Montag has announced the appointments of Sam Chapin and Todd Kaplan as executive vice chairmen of Global Banking.
Chapin and Kaplan, who assume their posts with immediate effect, will report directly to Montag.
The pair will be tasked with enhancing strategic client relationships, with Chapin based [...]
Piper Jaffray names global equities head
by Richard Kilner
Story link: Piper Jaffray names global equities head
International middle market investment bank and institutional securities firm Piper Jaffray has announced the appointment of Bob Peterson as global head of equities.
Peterson will relocate to the firm’s London office, having previously led the firm’s US equities business in Minneapolis.
The appointment comes as part of Piper Jaffray’s structural reorganisation, creating global teams that are responsible [...]
JMP Group announce new CFO
by Richard Kilner
Story link: JMP Group announce new CFO
Investment banking and alternative asset management firm JMP Group Inc. has announced that Raymond Jackson will become the firm’s new chief financial officer.
Jackson will succeed Thomas Kilian, who has held the post since July 2004, and is stepping down from the role whilst retaining his job as senior investment banker with JMP Securities.
Jackson will assume [...]
Reshuffle and senior appointments at Lloyds
by Gill Montia
Story link: Reshuffle and senior appointments at Lloyds
Lloyds Banking Group has made a number of senior staff changes and appointments at its insurance division, while at the same time saying goodbye to the last remaining members of the old HBOS board.
Ex-HBOS Jo Dawson, director of wealth and international, and Dan Watkins, managing director of mortgages, are leaving “to pursue other opportunities”.
Ms Dawson’s [...]
Piper Jaffray appoints US equity sales principal
by Richard Kilner
Story link: Piper Jaffray appoints US equity sales principal
London-based international middle market investment bank and institutional securities firm Piper Jaffray Ltd. has announced that it is bolstering its Institutional Equity Sales department with the appointment of Nimish Shah.
Shah becomes principal of US equity sales with immediate effect.
He joins Piper Jaffray from Cantor Fitzgerald, where he worked in the US equity sales team, working [...]
Cattles closes Welcome Financial to new lending
by Gill Montia
Story link: Cattles closes Welcome Financial to new lending
Cattles has warned of job losses following changes at its Welcome Financial personal finance business.
The troubled sub-prime lender says it is closing the unit to new lending following an extensive strategic review and discussions with its creditors.
The group will therefore focus on collecting out Welcome’s existing customer loans over the next two to three [...]
