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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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The Libor scandal raises scores of questions about the state of the banking industry and its regulatory watchdogs. But above all it has highlighted the futility of any attempt to grasp the full mechanics of complex modern banks. Gary Jenkins reckons the only solution is a total reimagining of what the sector should look like.
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Michael Ullmer, former deputy chief executive of National Australia Bank, has joined the Australian advisory board of Nomura.
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VTB Capital has expanded the roles of two senior analysts following the departure of the bank’s head of macroeconomic analysis Alexey Moiseev, who left to become deputy finance minister in Dmitry Medvedev’s government.
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Royal Bank of Scotland has hired a hybrid structuring specialist from Citi’s New York office, as the UK bank builds up capacity in the area.
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The UK government is asking for suggestions as to whether its Building Societies Act needs updating to support a new, loss-absorbent capital instrument as part of a wholesale review of the mutual sector.
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Senior Nomura banker, Georges Assi, has left the firm to take a career break, EuroWeek understands. The ex-Lehman Brothers banker is leaving Nomura where he had three titles, only one of which will be filled by a new hire.