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Sugrue specialised in covering the insurance and reinsurance sectors
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Paul Davenport has taken over as Nomura’s head of ECM syndicate for Asia Pacific, replacing Jack Yee, who left at the beginning of June.
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Paul Davenport has taken over as Nomura’s head of ECM syndicate for Asia Pacific, EuroWeek Asia can reveal. He has replaced Jack Yee, who left the job at the beginning of June.
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HSBC has hired Kevan Watts as a senior adviser within its global banking and markets division, focusing on developing relationships with clients in the UK, China and India. Watts is a Merrill Lynch veteran, having retired in 2010 after 29 years at the firm.
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The European Banking Authority and the Bank for International Settlements have called for more harmonisation of the regulation of the banking sector, and in particular those firms deemed to be systemically important financial institutions (Sifis).
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Systemically important financial institutions are "fundamentally inconsistent with capitalism, inherently destabilising to global markets, and detrimental to global growth," Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, told a New York audience on Monday.
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