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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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Rabobank has appointed Rob Eilering as its first dedicated head of equity capital markets as the bank seeks to increase its market presence in the product.
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Australia and New Zealand Banking Group has promoted Shayne Elliot, chief executive of its institutional bank, to chief financial officer. He replaces Peter Marriot, who is leaving at the end of May.
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ING Investment Management has picked Patrick Chia as its new head of Asian fixed income.
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Lending to the real economy will not be affected by banks’ plans to convert hybrids to equity and cut assets to reach the 9% temporary core capital buffer, the European Banking Authority said on Thursday night. But as markets keep up a New Year rally, questions are creeping in over the future of the Europe-wide recapitalisation project.
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Prospects for the birth of a Belgian covered bond market have taken a leap forward with the recent formation of a new government after a year and a half of political deadlock. Market participants say that the chance of a covered bond law in the country is finally looking stronger.
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Royal Bank of Scotland has hired Citi’s AJ Davidson to head its hybrid capital team, in an effort to increase its presence in that business. The team focuses on banks and insurers, but it also has public sector and corporate borrowers in its sights.