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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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Lars Humble is set to join Goldman Sachs’s London debt syndicate desk on February 27, The Cover’s sister publication, EuroWeek, reported yesterday (Thursday). He will work mainly on the high grade syndicate, including covered bonds.
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The once-proud name of Hypothekenbank in Essen is taking its last bow with the announcement today that Commerzbank will be merging it into Eurohypo. The disappearance of one of the trailblazers of the jumbo Pfandbrief market was seen as inevitable since last year when Commerzbank made clear its intention to take full control of its part subsidiary and with the resignation of Essenhyp founder and chairman Hubert Schulte-Kemper last March.
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Dexia has appointed Véronique Hugues to global head its long term funding activities as the successor to Sylvie Vadé.
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Merrill Lynch has combined its rates syndicate desk with covered bond and agency trading in Europe. Nick Dent is heading up the integrated platform, which the bank believes will reinforce its capabilities in the covered bond market.
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The Cover understands that Sylvie Vadé is leaving her position as director general of Dexia Municipal Agency, the covered bond issuing entity of the Dexia group. The issuer did not respond to the Cover’s enquiries.
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Commerzbank on Friday announced that it will buy the 49% of Hypothekenbank in Essen that it did not previously own. Meanwhile NordLB is expected to take over Deutsche Hypothekenbank.