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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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Royal Bank of Scotland has formed a specialist financial institutions team within its equity capital markets business in an effort to position itself for a wave of sales by governments exiting stakes built up during the financial crisis.
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Matt Carter, who was previously global head of the frequent borrower group, global head of financial institution syndicate and deputy head of syndicate at Royal Bank of Scotland, is moving to the bank’s coverage group and giving up his syndicate functions EuroWeek can reveal.
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Standardised contracts were introduced to the European CDS market this week, but there is still considerable doubt whether the market will be able to introduce central clearing by July 31.
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Cycles of boom and bust are a natural, ineradicable feature of the markets — just as the psyche of a credit analyst demands a villain on which to blame its troubles. When it comes to this financial crisis, Gary Jenkins knows who the real culprit is.
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Four new members were appointed to the Association of German Pfandbrief Banks’ board at the association’s member meeting in Berlin on Friday, and Jens Tolckmitt took over the position of general manager.
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Banks have started hiring again — leaving their truce over pay and bonuses in tatters. Firms are accusing each other of irresponsibility at odds with the need for them to work together on the pressing issue of reform, writes David Rothnie.