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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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Cairn Capital, an asset management and advisory firm, has bolstered its ABS asset management team by hiring Philippa Charlton, a former senior adviser in the markets division at the Bank of England.
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A group of 104 former Dresdner Kleinwort bankers have won their court case against Commerzbank, in which they were seeking payment of bonuses that they said were promised to them shortly before Commerz bought the bank. The unpaid bonus claim totals about €52m.
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JP Morgan was forced into a humiliating disclosure of $2bn of losses in a synthetic credit portfolio within its Chief Investment Office (CIO) on Thursday, having spent weeks batting away media speculation that bets within that division amounted to anything other than normal hedging.
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Citi has changed the leadership of its EMEA equity capital markets unit, creating a new chairman position to focus on client relationships and promoting one of its senior CEEMEA bankers to head the unit.
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The head of equity syndicate at VTB Capital in London left the bank on Tuesday, EuroWeek understands. Tom Kennedy is expected to re-emerge at another firm in due course.