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Morgan Stanley hires for MENA DCM


Well known banker moves to take MD role
International banks still hiring
Crédit Agricole reorganises loans business amid busy hires and promotions in industry
The future of the great investment banking Gulf expansion
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  • Kristalina Georgieva, who is the new managing director of the International Monetary Fund from Tuesday, plans to expand the use of precautionary instruments, such as credit lines, to more countries.
  • Populist governments will be tempted to use the opportunity presented by record low yields to borrow money at close to zero interest rates to reverse austerity and fund major spending schemes, according to the authors of a study into long-term asset returns. Meanwhile, an economist elsewhere suggested lax monetary policy has meant sovereign credit default swap (CDS) prices are underrepresenting risks.
  • UniCredit forms sustainability team — UBS looks to raise game in green with SEB hire — SG reshuffles Paris ECM line-up
  • Chinese banks are increasingly selling perpetual bonds onshore, as attractive yields propel them to raise funds in the domestic market. But this avenue of recapitalisation is not open to all, with smaller mainland banks hobbled by lack of investor interest. Rebecca Feng reports.
  • First Abu Dhabi Bank's global head of loan capital markets, a veteran in the syndicated loans market, has resigned from the bank after five years in the role.
  • Antonio Keglevich will lead a new sustainable finance advisory team at UniCredit, aiming to originate deals across asset classes.