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Stefan Jost will take over the role
New role includes digital assets
Sugrue specialised in covering the insurance and reinsurance sectors
Executive is moving to more senior role
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Richard Madden, head of media at Close Brothers Corporate Finance, is set to take over from Stephen Aulsebrook as chief executive of the UK business.
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Former Dresdner Kleinwort M&A banker Klaus Henke has joined Heritage Capital, the investment banking subsidiary of Switzerland’s privately-owned Banque Heritage, to run the financial institutions group advisory team.
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Richard Madden, head of media at Close Brothers Corporate Finance, is set to take over from Stephen Aulsebrook as chief executive of the UK business, in a restructuring of senior management.
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Lloyds set the terms for its creation of contingent capital through the exchange of subordinated bonds this week. Gary Jenkins, the analyst who never shows disrespect, says it’s an offer than can’t be refused.
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The European Commission this week ordered painful concessions from Royal Bank of Scotland as a condition of receiving state aid, but a stricture on the bank to not come higher than fifth in debt underwriting is likely to have little impact on its ability to compete in that business.
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Bank restructuring work for governments has filled the coffers for Europe’s top FIG advisory businesses in 2009. With plenty more to come next year, David Rothnie looks at how the balance of power has shifted.