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New equity capital markets talent and Bernstein joint venture have helped Société Générale win eye-catching mandates. Next, it will expand sector teams
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John Millar, the former Merrill Lynch ECM banker who had been at Citi for the last couple of years, has left the firm.
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Morgan Stanley has appointed Philipp Lingnau as head of European bank DCM following the departure of Shyam Parekh, European head of FIG capital markets, last month.
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Sue Lee has left Credit Suisse, where she was the second-in-command on the bank’s equity-linked and convertible bond team.
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UBS on Tuesday turned to its own equities division in the search for a new ECM syndicate head, giving the job to one of its senior salespeople. The move is in some ways indicative of the shift in emphasis of banks’ syndicate roles from a capital markets focus towards distribution and sales, said several syndicate heads at other firms.
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Renaissance Capital is cutting 12% of its investment banking workforce globally, but this week denied rumours that it was shutting its Hong Kong office.
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UBS on Tuesday turned to its own equities division in the search for a new ECM syndicate head, giving the job to one of its senior salespeople.