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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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Renaissance Capital is cutting 12% of its investment banking workforce globally, but this week denied rumours that it was shutting its Hong Kong office.
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EuroWeek understands that Chris Lees, head of FIG origination at Citi, is going back to his old world of syndicate, responsible for SSAs and FIG at Bank of America Merrill Lynch. He fills the hole left by Stuart McGregor when he resigned in February this year to join RBC Capital Markets as head of SSA DCM, and will report to Jeff Tannenbaum, head of EMEA syndicate.
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Banco Santander has appointed Banesto CEO José García Cantera to run the global wholesale banking franchise. He replaces Adolfo Lagos, who is due to retire next year.
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The number of investors that are considering buying loan portfolios is increasing, and the discounts they are negotiating are falling, according to a survey that should cheer Europe’s capital-hungry banks.
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A hearing in London into unfair dismissal allegations brought against Gatehouse Bank and former colleagues by its former chief operating officer, James Bagshawe, was postponed on Monday after employment tribunal judges decided the case was too big to resolve in the five days that had been allocated to it this week.
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Mark Waters, head of energy and commodities, asset and project finance loan syndications and trading EMEA at BNP Paribas, is moving to a new role under former head of loans Julian Van Kan, writes Nina Flitman.