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Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
Bank strives for ‘complete global offering’ in M&A and ECM but market conditions hang in the balance
‘New kid on the block’ disrupts established order with lead role on Schroders takeover
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As independent advisers take centre stage on the biggest deals, they will attract greater scrutiny, and their big selling point — freedom from conflicts — could be diminished, writes David Rothnie.
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Barclays has made another stride in the regrowth of its markets business, rehiring a derivatives trader for a senior role in its equities division.
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Goldman Sachs’ bungled succession planning is showing early signs of strain following the resignation of two of the most experienced members of its trading division.
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Bank of America Merrill Lynch has hired two senior bankers from UBS, including its former head of EMEA M&A Séverin Brizay.
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With Brexit negotiations still fraught with risk, DCM and syndicate managers are already figuring out fixes to make sure that their primary markets business continues to function after the UK leaves the European Union — with the minimum disruption possible for their mainly London-based staff.
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Germany’s vibrant M&A market is failing to provide the lift that Deutsche Bank needs in its home market, writes David Rothnie.