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  • Société Générale has hired a new head of M&A for France, replacing Alexandre Courbon. Two bankers have also been appointed to lead the diversified industries sector.
  • Jefferies has hired CLSA's Christopher Wood as global head of equity strategy.
  • Commerzbank is expanding its investment banking business as it doubles down in its domestic heartland, writes David Rothnie.
  • The Hong Kong financial regulator has fined China Merchants Securities’ local arm for breaching its IPO code of conduct while working on the listing of China Metal Recycling.
  • In the event the UK leaves the European Union without agreeing to the negotiated exit deal, EU banks and investment firms will be able to come to the UK to trade UK shares, the European Securities and Market Authority (ESMA) has said, reversing on a previous statement. But the UK’s Financial Conduct Authority (FCA) is not satisfied with the ESMA’s proposed trading obligations under No Deal Brexit.
  • Hiddensee, a new research provider, is aiming to take advantage of MiFID II’s unbundling requirements by giving analysts a platform to work independently and allowing investors to pay for specific researchers or reports.