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Syndicate and trading executives get wider responsibilities
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ING and Rabobank choose markets heads — FIG’s Falth leaves UBS — DZ picks covered bonds boss -
The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.
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Bart Schmeetz is to become ING’s global head of financial markets, replacing Percy Rueber, who is leading efforts to build a trading platform at the Dutch bank.
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A FIG syndicate manager has left UBS in London as part of a much wider reorganisation. This has boosted syndicate staffing levels in Frankfurt, among a number of sweeping changes.
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The issue of how "transition" activities, which are not green but are moving in the right direction, should be treated in European legislation will be discussed on Wednesday by the European Parliament, Council and Commission as they try to reach agreement on the EU's Taxonomy of Sustainable Economic Activities.
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DZ Bank has appointed a new head of covered bonds in a move that acknowledges the bank’s growing league table presence in the euro covered bond market, particularly in Canada and Slovakia.
