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Specialist moves after 18 years in the market
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Pramerica Fixed Income, part of Prudential Financial Inc, has hired John Vibert, formerly a mortgage credit portfolio manager and lead non-agency RMBS trader for Blackrock, as co-head of its structured products team in the United States.
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Yury Kiselev, Citi’s head of local debt capital markets in Russia, has left the bank. Kiselev had been hired by Citi in July last year as a vice president to build out Citi's Russian domestic bonds business.
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Barclays will see two more of its Asia executives depart following a string of resignations from its senior ranks during recent weeks.
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Citi’s former head of equity syndicate for Asia Pacific ex Japan, Rupert Mitchell, has started work in his new job at Goldman Sachs this week, a spokesperson confirmed.
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Morocco plans to finalise its Islamic banking bill by September, after presenting an overdue draft law to the lower house of its parliament on Wednesday.
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The Dubai Financial Services Authority has weighed into the long-running industry debate over whether national or company Shariah boards are the way forward for Islamic finance, by recommending a combined approach.