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GC Asia
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Top banks culled 1,700 equities jobs last year
Twelve of the largest global investment banks reduced their headcounts in equities by 10% last year, leading to one of the “steepest declines in years” in the number of investment bank employees, according to analytics firm CRISIL Coalition.
21 Feb 2020 -
Intesa fires starting gun on new phase of Italian bank consolidation
Intesa Sanpaolo took the market by surprise when it launched a takeover bid for UBI Banca this week. A successful deal could set off a long overdue wave of mergers and acquisitions within the Italian banking sector, which ECM bankers are hoping will be financed through a slew of new rights issues. Tyler Davies and Sam Kerr report.
20 Feb 2020 -
HSBC’s restructuring: is it enough though?
HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.
20 Feb 2020 -
People moves in brief: February 20, 2020
Natixis finds new investment banking boss — UniCredit replaces Steffens with Pabarcius in UK — Lloyds puts Paterson at risk
20 Feb 2020 -
US broker adds to London team with senior equity hires
BTIG Ltd, the US broker dealer, is expanding its EMEA equities sales and trading business in London, with four senior hires.
20 Feb 2020 -
Pabarcius set to lead UniCredit in UK
UniCredit is making Algis Pabarcius its UK country head, replacing Christian Steffens, who is moving to head up corporate and investment banking for the Americas region.
20 Feb 2020 -
Natixis sparks Gallois to lead investment banking
Alain Gallois will become Natixis’s global head of investment banking, replacing Mohamed Kallala. The latter is heading over to run global markets, with that role’s incumbent, Luc François, leaving the bank.
20 Feb 2020 -
Companies line up for follow-ons as CSRC loosens rules
The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has brought a resounding vote of approval from corporations. In just four days, 46 companies have set out plans to tap the equity capital market.
19 Feb 2020 -
JP Morgan appoints new heads of IB, DCM, ECM, M&A
JP Morgan has promoted a whole new layer of leadership in its investment bank, reaching down to debt capital markets, equity capital markets and M&A. At the top of the tree, Carlos Hernandez has moved from being head of global investment banking to executive chair and has appointed new co-heads of global investment banking.
18 Feb 2020 -
ECM and cash equity trading unaffected by HSBC cuts
HSBC will not be making cuts to its equity capital markets or its equity trading capabilities after announcing the results of a strategic review on Tuesday. The bank will be reducing headcount in sales and research, but said that its execution ability in ECM will not be affected in any way.
18 Feb 2020
