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Bank Strategy

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After hiring stacks of bankers in north America with rich pay packages, Citigroup has switched its attention to Europe. So far, Citi’s chequebook is still wide open
Lake leaves bank, Rohrbaugh moved to get retail experience
The extra scrutiny that comes with working on the most visible, public and largest deals would give even the Stoics something to scratch their heads about.
New equity capital markets talent and Bernstein joint venture have helped Société Générale win eye-catching mandates. Next, it will expand sector teams
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  • Barclays’ results held up better than those of its rivals, suggesting its transatlantic strategy is starting to work, writes David Rothnie.
  • Nomura announced details of its new strategy at its investor day in Tokyo on Tuesday, confirming its plans to cut its equity business in EMEA, embark on a cost cutting drive in Americas, but shore up its regional presence in Asia outside Japan.
  • John Fei, chief executive for Hong Kong and China at Maybank Kim Eng’s Hong Kong arm, has ambitious plans. He wants it to break into the city’s top 15 investment banks, he told GlobalCapital Asia in a recent interview.
  • On the path to the bond market of the future, there will be a “journey of natural selection”, leading to a “survival of the fittest”, according to a new market study by the International Capital Market Association.
  • The usually redoubtable Goldman Sachs turned in a lacklustre first quarter performance across all of its business lines, but its chief executive will resist any calls to change course, writes David Rothnie.
  • Maybank Kim Eng’s Hong Kong arm is eyeing opportunities in Greater China to push it closer towards its ambitions. John Fei, CEO for Hong Kong and China, told GlobalCapital Asia that the firm is not only looking to break into the ranks of the city’s top 15 investment banks but also wants to be among the top 20 brokerages.