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With strikes in the news this week there was definitely a 1980s feel to London — and Deutsche Bank’s Anthony Saputo thought it was the perfect excuse to revert back to his childhood and break out his froggie onesie.
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The UK bank axed staff across several divisions and geographies in Asia, including several managing directors, as part of an effort to reduce investment banking costs.
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Michael Ettinger, the ex-head of interest rates trading at Credit Suisse in New York, has joined UBS to head up its client agency execution services desk, also in New York.
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Nomura, the Japanese bank looking to increase its market share across both cash and derivative equity products, has added Mike Ward to its European equities team.
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A member of Morgan Stanley’s German management board will join Credit Suisse later this year as a managing director and chief executive for Germany, Austria and Central Europe.
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The British bank has axed several managing directors in Asia as part of a global round of job reductions. But after a tough round of cuts last year, the region has escaped relatively lightly due to its profitability.