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Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
Crédit Agricole reorganises loans business amid busy hires and promotions in industry
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
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Sherry Liu, the former China dealmaker at Royal Bank of Scotland, has resurfaced at Jefferies as chairman of Asia and vice-chairman of global investment banking (see Southpaw for more on Jefferies).
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HSBC’s investment banking aspirations are growing while the competition retrenches, writes David Rothnie.
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Rich Ricci, chief executive of corporate and investment banking at Barclays, this week dismissed any concerns of fall-out from the decision by UBS to pull out of SSA DCM, saying that his firm was in a strong position to weather the extra burdens placed on that business by increased regulatory charges, writes Mark Baker.
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Amid the sweeping cuts and new strategy unveiled by UBS chief executive Sergio Ermotti this week, one franchise that saw its importance enhanced was advisory and origination, which is now firmly at the heart of the bank’s new image.
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Australia and New Zealand Bank has merged its Asia Pacific businesses into one, giving Asian boss Gilles Planté control of the combined teams. But the merger has not yet filtered down to the capital markets team.
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Bankers this week questioned the deliverability of legislation for the cornerstone of European banking union, the single supervisory mechanism (SSM), saying the European Council’s timetable of implementation over the course of 2013 was ambitious, writes Will Caiger-Smith.