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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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It has long been the goal of many emerging market countries to develop a financial sector that can rival the capabilities of developed markets. In Russia, that is becoming a reality: VTB is rapidly spreading its wings internationally and the merger of Sberbank and Troika Dialog stands every chance of propelling the latter firm to the status of a capital markets powerhouse.
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JPMorgan has picked Jeff Urwin as its new chief executive officer for Asia Pacific, replacing former boss Gaby Abdelnour, who is leaving the bank in the summer.
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HSBC has given Rod Sykes, its Asian DCM origination head, a job originating global markets business from its commercial banking clients, continuing its drive to originate more business through the commercial side by placing senior origination figures alongside client managers. Alexi Chan will now become head of DCM origination in Asia.
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HSBC has appointed a new head of liability management, following the departure of Andrew Montgomery earlier this month.
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The Bank of Spain went on the offensive this week to reassure international investors on the state of the country’s financial sector, saying two thirds of lenders had already met tough new capital and provisioning rules.
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The IMF’s suggestion that there should be a common framework for euro area deposit insurance were branded idealistic by analysts this week, who said such a proposal could only make sense after some form of European fiscal union had been implemented.