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Originator hires follow banker's departure to SMBC
Move reflects huge needs for water investment as climate change bites
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Banker joins from Stanley’s ABS syndicate desk -
First look at what figure a combined Uni-Commerz would cut in investment banking
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Deal would lead to heavy cost cuts, but could create strong competitor
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Michael Guarda takes over DCM and syndicate
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Former head of ECM to oversee DCM, ECM and syndicate
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Conflict of interest is early test for Deutsche Numis and illuminates nature of broking relationships
