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The Cover understands that HSBC has appointed Andrew Porter, previously European head of syndicate, to the new position of global head of covered bonds, as the bank makes a renewed push in the market.
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Ralf Grossmann started as head of covered bond origination at Société Générale on Monday as the French bank seeks to reinforce its position in the market and push into Germany, its weak point.
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Richard Tynan, executive director and head of investment grade corporate syndication at Morgan Stanley, has left the bank to join Depfa.
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Merrill Lynch has reaffirmed its commitment to the covered bond market following the news that it has let go Benjamin Moulle, its covered bond trader, as reported in The Cover yesterday (Wednesday).
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The Cover understands that Merrill Lynch has let go Benjamin Moulle, its covered bond trader.
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Ralf Grossmann, Natixis’s veteran covered bond analyst, quit the bank last Friday to join Société Générale as its new covered bond champion.