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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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Dan Botoff has left Citigroup in New York to head up the fixed income syndicate desk at UBS in Stamford, Connecticut, confirmed well placed sources in New York.
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The confirmation by the US Department of Justice on Wednesday that it is investigating possible anti-competitive practices in the credit default swap market is final confirmation, as if it is needed, that the regulatory noose is tightening around the neck of this industry. -
Deutsche Bank is alone among the elite band of winners from the crisis to have surrendered European fee income to its rivals. David Rothnie finds out how David Fass, head of global banking for Europe, plans to put the once all-powerful German bank back on top.
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Jerry Marlatt, who sits on the US Covered Bonds Council steering committee, has left Clifford Chance and joined Morrison & Foerster.
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When Oswald Gruebel appointed joint chief executives to run UBS investment bank at the end of April, the joke was that he did so because turning around the troubled division was more than a one-man job. David Rothnie looks at how the two co-heads are working together and what impressions they have made both inside and outside the Swiss bank.
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While Bernie Madoff appeared to live in Neverland, and Michael Jackson really did live in Neverland, the US and UK governments are just living on the never never. Gary Jenkins finds that the mixture of celebrity grief, the world’s biggest Ponzi scheme and huge deficits is making him have strange thoughts.
