Barclays

Barclays has promoted Jon Pratt to the newly created roles of head of banking, Hong Kong and chairman of global finance, Asia Pacific as part of the bank’s efforts to merge its bonds and loans teams, according to an internal memo seen by GlobalCapital Asia.

Issuance of US-style private placements from UK universities has in recent years been limited to a couple of deals a year, but with four already in 2015, including one this week, bankers are predicting a steady flow for the rest of the year, writes Elly Whittaker.

All political careers supposedly end in failure, but the same seems to be true of investment bank chief executives.

South Africa firm Naspers surprised some debt bankers by positioning itself to pounce on a calm market, if such a market appears. The company is taking a dollar bond on a roadshow, which would be the first test of EM new issue premiums in almost a month.

South Africa firm Naspers surprised some debt bankers by positioning itself to pounce on a calm market, if such a market appears. The company is roadshowing a dollar bond, which would be the first test of EM new issue premiums in almost a month.

Nomad Foods, the renamed cash shell Nomad Holdings that has bought Iglo Birds Eye, raised around $321m of new equity on Wednesday in an accelerated bookbuild.

The Barclays board this week ejected chief executive Antony Jenkins amid concerns that Barclays is not delivering fast enough growth. John McFarlane, who came in as chairman in April, has taken over as executive chairman while the bank searches for a new CEO.

Alok Industries has finally signed its $475m export performance bank guarantee-backed (EPBG) loan on June 30 with a total of eight banks committing to the transaction.

Banca Sistema, an Italian bank that specialises in factoring government invoices, completed its IPO in Milan on Monday, raising €146m and achieving a market capitalisation of €302m, despite being buffeted by market anxiety about the Greek debt crisis.

UK gambling technology company Playtech has secured a €200m revolving credit facility to acquire online forex trading platform Ava Trade for $105m.

A fixed income salesperson at Barclays Capital with a focus on Swiss clients is leaving the bank and said to be heading to Deutsche Bank in London.

Aberdeen Asset Management has hired the former head of European convertible bonds and equity derivatives research as a convertibles investment manager.