BarCap, Deutsche shake up Swiss syndication
The news that Barclays Capital has established a Swiss franc syndicate desk in Zurich, and that Deutsche Bank will do so in August, has shaken up recruitment in the Swiss franc market over the past months — but represents a big commitment to the market from two foreign investment banks.
Martin Meili joined Barclays Capital from RBS as head of Swiss franc syndicate last Thursday, and Dennis Vucina will join Deutsche Bank from BNP Paribas in August.
JPMorgan also considered setting up a Swiss franc syndicate business in the first quarter of 2010, but decided against it.
Of the two
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