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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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Emerging markets loan veteran David Pepper has left WestLB after 20 years at the German bank, EuroWeek understands. Pepper, who was a managing director and head of CEEMEA syndicate, resigned on Thursday but is set to reemerge at a new bank in July.
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After a period of time usefully spent nurturing the next generation of bankers within the firm, Citigroup is on the front foot again in recruitment. As David Rothnie writes, the bank is making good on its ambition to hire senior, well-connected names.
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The perilous capital position of the European banking sector in the event of another economic shock was hammered home by a stream of pessimistic reports this week. Standard & Poor’s led the apocalyptic tone with an estimate that European banks would need to find up to Eu250bn over the next five years.
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Contingent capital received a helpful lift on Wednesday in the form of a paper released by Andrew Haldane, the Bank of England’s executive director for financial stability.
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Marshall Bailey, RBC’s former former head of EMEA and Asia financial institutions coverage, has joined State Street Global Markets. Bailey left RBC in January this year, having been at the bank since 1993.
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UBS confirmed the departure of Neal Shear, its global head of securities, this week. He had been widely expected to leave the bank after it scrapped his position two weeks ago.