Credit Suisse appoint four in China
by Richard Kilner
Story link: Credit Suisse appoint four in China
Credit Suisse has bolstered its investment banking strength in Asia by announcing a quartet of senior appointments.
The four appointments come as the bank seeks to enhance its senior client coverage and strengthen its presence in China.
Liping Zhang is named as vice chairman of the Non Japan Asia Investment Banking Department.
Zhang, who is presently head of [...]
Blackstone Group opens Beijing office
by Richard Kilner
Story link: Blackstone Group opens Beijing office
Financial services firm The Blackstone Group has announced that it is opening a representative office in China.
The new office will be led by chief representative Shan Fu.
Fu joined the firm this year, prior to which he worked for Beijing Mainstreets Investment Group as vice president.
During his career he has also served with the National Development [...]
EIB appoints new vice president
by Richard Kilner
Story link: EIB appoints new vice president
The European Investment Bank (EIB) has announced that Plutarchos Sakellaris has been named as the organisation’s new vice president.
He joins the investment bank from the Hellenic Ministry of Economy and Finance, where he was chairman of the Council of Economic Advisers.
Sakellaris will assume his role on 1 August, when he will take on the task [...]
WestLB AG appoints Managing Board pair
by Richard Kilner
Story link: WestLB AG appoints Managing Board pair
German bank WestLB AG’s Supervisory Board has announced that there are to be two new members of the Managing Board.
Thomas Groß is appointed as chief risk officer and will be joined by Klemens Breuer who will have responsibility for the firm’s Capital Markets business.
At present Groß is serving with Bank Austria Creditanstalt AG as chief [...]
Northern Rock job losses reduced to 1,300
by Gill Montia
Story link: Northern Rock job losses reduced to 1,300
Northern Rock has announced that job cuts at the nationalised lender will be lower than expected.
The bank, which has undertaken a radical restructure since its collapse last September, says it expects to make about 1,300 staff redundant.
Not all will be compulsory redundancies as around 500 members of staff are opting to leave voluntarily.
The [...]
Morgan Stanley hire quartet of investment professionals
by Richard Kilner
Story link: Morgan Stanley hire quartet of investment professionals
Morgan Stanley has hired a quartet of senior investment professionals to enhance its private wealth management provision.
The team will cater to the needs of high net worth clients in the Latin American market and is to be based in New York.
Ruben Lerner and Manuel Uranga, both executive directors and investment representatives, will cover Venezuela, supported [...]
Morgan Stanley bolsters private wealth office
by Richard Kilner
Story link: Morgan Stanley bolsters private wealth office
Morgan Stanley has announced the appointment of Juan Dibildox as an investment representative in its private wealth management office.
He joins the firm from Lehman Brothers, where he was a financial advisor for Mexico, serving in the Miami office.
Earlier in his career he worked for investment bank Goldman Sachs as an associate.
In his Miami-based role, Dibildox [...]
Collins Stewart hires oil and gas research leader
by Richard Kilner
Story link: Collins Stewart hires oil and gas research leader
Independent investment bank Collins Stewart has announced the appointment of Gordon Gray as leader of the firm’s research in the fields of Oil & Gas.
Gray brings extensive experience with him, having spent more than a decade and a half working in the sector.
He joins Collins Stewart from US bank JPMorgan, and is to be tasked [...]
UniCredit strengthens Equity Capital Markets team
by Richard Kilner
Story link: UniCredit strengthens Equity Capital Markets team
UniCredit Markets & Investment Banking has bolstered its Equity Capital Markets (ECM) team with the recruitment of three new managers.
Christian Steffens is appointed as worldwide deputy leader for ECM, with Mark Coxon named as global chief of Equity and Equity-Linked Syndicate.
Earlier in his career Steffens has worked for Lehman Brothers in their German Equity Capital [...]
Crédit Agricole appoint Brazilian SCO
by Richard Kilner
Story link: Crédit Agricole appoint Brazilian SCO
Crédit Agricole has announced the appointment of Bernard Mignucci as the firm’s new SCO for Brazil.
Mignucci, who will assume the role in September, has been responsible for the leadership of the international work, beginning at Crédit Lyonnais and then, more recently, at Calyon.
Earlier in his career he garnered experience of Asia, serving as the country [...]
Tesco announces plans to enter retail banking
by Gill Montia
Story link: Tesco announces plans to enter retail banking
Tesco has announced plans to enter the UK’s retail banking sector.
The supermarket giant has become sole owner of Tesco Personal Finance (TPF) after buying out 50/50 joint venture partner, Royal Bank of Scotland (RBS), for £950 million.
TPF currently offers its customers insurance, credit card, personal loan and savings products and RBS will continue to provide [...]
Calyon name new Asia and Japan leaders
by Richard Kilner
Story link: Calyon name new Asia and Japan leaders
Calyon has announced the appointment of Patrice Couvègnes as leader of the Asia Region (not including Australia and Japan) and that he has been granted a place on the firm’s management committee.
He brings more than three decades of banking experience to the role, having joined Banque Française du Commerce Extérieur in 1975 after leaving the [...]
Deutsche Securities Inc appoints Kanari as chairman
by Richard Kilner
Story link: Deutsche Securities Inc appoints Kanari as chairman
Deutsche Securities Inc. (DSI) has named its new chairman as Norimichi Kanari.
He joins DSI from The Bank of Tokyo-Mitsubishi UFJ, Ltd, where he spent almost four decades and recently held the position of deputy president.
Kanari will assumes his post on 1 October, and succeeds Toru Hashimoto, who has held the role since 1 July 2003.
Hashimoto [...]
Wachovia CFO to resign
by Richard Kilner
Story link: Wachovia CFO to resign
Wachovia’s chief financial officer, Thomas J. Wurtz, is to leave the post as soon as a replacement has been found.
The search for Wurtz’s successor has already begun.
He has held the position of chief financial officer for the last two and a half years, and has also served as treasurer for the last seven.
Wurtz has expressed [...]
Piper Jaffray strengthens public finance banking team
by Richard Kilner
Story link: Piper Jaffray strengthens public finance banking team
Piper Jaffray & Co has announced the appointment of Tina Neal as senior vice president, investment banker.
Neal leaves behind Ferris, Baker Watts to join Piper Jaffray, bringing with her 17 years of industry experience.
Earlier in her career she held the position of managing director for fixed income sales and trading with Carter Kaplan & Company.
She [...]
DZ BANK name new board chairman
by Richard Kilner
Story link: DZ BANK name new board chairman
The supervisory board of DZ BANK AG has elected Rolf Hildner to serve as its chairman.
Hildner, who was formerly the German firm’s deputy chairman, succeeds Christopher Pleister who resigned from the post on 15 July.
Both the supervisory board and the board of directors have offered their thanks to Pleister for his time as the supervisory [...]
Deutsche Bank bolsters FX Trading in New York
by Richard Kilner
Story link: Deutsche Bank bolsters FX Trading in New York
Deutsche Bank has strengthened its New York-based FX Trading with the appointment of Brian McConville as director and Foreign Exchange Forwards trader.
He rejoins the German firm from HSBC, where he worked on the foreign exchange forwards trading desk as senior vice president.
Before that he held the role of propriety trading director with Bank of America.
McConville [...]
Piper Jaffray announce trio of appointments
by Richard Kilner
Story link: Piper Jaffray announce trio of appointments
Piper Jaffray, an international middle market investment firm, has announced a trio of appointments made to bolster its municipal finance banking offering, and to grow its California large issuer business.
Bernie Mikell, Russell Reyes and Rosalyn Chen are all recruited to focus upon Piper Jaffray’s government financing business in California, on both a state and local [...]
Nomura Securities recruit Maheshwari
by Richard Kilner
Story link: Nomura Securities recruit Maheshwari
Nomura Securities International, Inc (NSI) has announced the appointment of Surat Maheshwari as managing director of the Fixed Income division.
Maheshwari also assumes leadership of Private Placements and US Debt Capital Markets.
He joins NSI after four years spent with Dresdner Kleinwort where he led US Syndicate and Private Placements.
During his career he has also worked for [...]
Wachovia Securities hire investment banking MD
by Richard Kilner
Story link: Wachovia Securities hire investment banking MD
Michael Phalen has joined Wachovia Securities’ investment banking division as managing director.
He brings more than ten years of experience with restaurants to his position, and leaves behind Oppenheimer where he worked as managing director to join Wachovia.
During his career he has also worked for CIBC World Markets and Krispy Kreme Doughnuts.
Phalen’s role will be based [...]
