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Magnetar and Chorus Capital lose experienced pros
New hire spent spent more than a decade at Arnold & Porter
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Cuts made to senior staff in the debt markets are coming home to roost now that the effects of the Covid-19 pandemic are coming to bear on loans and private placements. Old hands that navigated the previous crises are in short supply as borrowers and investors look to implement deal amendments to cope with a coming recession. -
Alternative credit specialist CIFC has hired David Walker as head of research.
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MUFG Securities Asia has named Mark Henderson, a veteran banker who has been with the firm for nearly two decades, as its new chief executive.
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In this round-up, countries around the world have confirmed 14,641 deaths from Covid-19 infections, the coronavirus epicentre of Wuhan is gradually loosening its lockdown, and the New Development Bank is giving China its largest loan.
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Barclays has named Carrie Chen as vice chairman of Greater China banking and Sung-Min Chung as head of technology in banking for Asia Pacific.
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Goldman Sachs announced on Thursday that an employee in its investment banking division in Hong Kong had been identified as a "highly probable case" of the Covid-19 coronavirus.
