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Paul Gibbs among those departing the firm after long service
Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
Broaching the delicate subject with your boss of being asked to keep too many plates spinning
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
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BNP Paribas, which hired a new head of equity capital markets earlier this week, has also hired two senior bankers in its cash equities business and revealed the destination of its outgoing head of ECM.
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In this round-up, People’s Bank of China defends its use of foreign exchange (FX) reserves to preserve stability in the currency markets, two new entities are added to the RMB qualified institutional investors (RQFII) programme, and Hungary’s central bank signs an agreement to expand access to the Chinese capital markets. Plus, a recap of our coverage this week.
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Banco Santander made a profit of €6.2bn last year as a booming performance in Latin American markets helped offset its exposure to a sinking pound.
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A vice-president in SBI Capital Markets’ ECM team in Mumbai has left the bank, according to sources close to the departure.
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CIMB has lost its head of ECM in India, according to sources close to the move.
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BNP Paribas’s global head of ECM is moving to a new job and the bank has hired a bulge bracket banker, aiming to expand its franchise in the business.