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Artificial intelligence is changing the investment banking game. But banks are divided on whether to cut costs or try and win more deals
Ex-Crédit Agricole banker to be based in Paris
Édouard Sauce had been with the firm for almost a decade
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John Muncey has joined Barclays as vice-chairman of its consumer retail group (CRG) in Europe and the Middle East, while Jamshed Kakalia has been promoted to lead the consumer business in that team. -
Oliver Wriedt has stepped down from his role as CEO of DFG Investment Advisers to start his own investment firm, according to CLO market sources.
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Jamie Niven has joined Wells Fargo as head of equities for Europe, the Middle East and Africa.
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SMBC Nikko Capital Markets has hired Manish Peshawaria as head of ABS trading, with a mandate to build out the secondary business, as part of its expansion into the European securitization market.
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Lloyds Banking Group has appointed Centerview’s Robin Budenberg as its next chair, while chief executive António Horta-Osório is set to leave the firm next year.
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After UBI Banca said that it would not be taking up Intesa Sanpaolo’s acquisition offer because it was too risky for UBI’s shareholders, Intesa said on Monday that the value of the offer is higher than its target believes.
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