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Bond market veteran rides away
Syndicate and trading executives get wider responsibilities
Bank is doing round of job cuts
London-based MD promoted
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  • Commerzbank has chosen its human resources boss Bettina Orlopp to be its new chief financial officer. She will oversee the bank’s new strategic programme — ‘5.0’ — which involves the corporate clients division hiring to focus on German distribution.
  • The failure by Metro Bank, the UK challenger bank, to issue a £250m senior non-preferred bond this week throws the spotlight on the Bank of England, which could soon have to decide how to deal with Metro if it fails to meet a year-end deadline for raising bail-inable debt. Tyler Davies reports.
  • UniCredit forms sustainability team — UBS looks to raise game in green with SEB hire — SG reshuffles Paris ECM line-up
  • HSBC has finalised its new corporate broking line-up, after a review conducted by its chief financial officer Ewen Stevenson. It has hired Morgan Stanley and Bank of America Merrill Lynch as brokers, replacing Goldman Sachs and Credit Suisse.
  • SRI
    In the latest dimension of global central banks’ interest in sustainability, the Bank for International Settlements has established a dollar green bond fund for central banks' foreign currency reserves. The aim is to let them incorporate environmental criteria into reserve management without overly damaging the liquidity and value of their reserves.
  • Antonio Keglevich will lead a new sustainable finance advisory team at UniCredit, aiming to originate deals across asset classes.