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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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The new chair of the European Parliament’s economic and monetary affairs committee, Sharon Bowles, gave encouragement to the fund management industry this week when she said that the Alternative Investment Fund Managers Directive "must be profoundly changed if we want it to work".
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Deutsche Bank has raided Royal Bank of Scotland for one of its best known debt originators and covered bond specialists, in a move it hopes will bolster its financial institutions business and help return it to the top of European DCM league tables.
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Julia Hoggett is leaving Depfa after five years, during which she helped maintain the issuer’s leading position in the covered bond market until its demise as part of the Hypo Real Estate Group in September 2008.
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The International Accounting Standards Board this week unveiled a radical revision of the accounting standard for financial instruments, dramatically simplifying the existing IAS 39.
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Lazard has replaced Goldman Sachs as an adviser to Kazakhstan’s BTA Bank, which is trying to restructure $15bn of debt. Goldman, which resigned last month, was rumoured to have cut its ties in response to BTA prepaying some of its lenders after April 20, when it announced a halt to all principal payments.