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The US bank is reshuffling several roles in the Middle East
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BNP Paribas, Crédit Agricole and Société Générale are making plans for the eventuality of a hard Brexit, in some cases putting swathes of bankers at risk of redundancy. Some DCM and sales teams have been asked to move, though each bank is taking a different approach as to who will need to be relocated to comply with EU regulations. -
Berenberg has made a swathe of redundancies in its equities division this week, especially in its London research staff, including the cutting of all or nearly all analysts covering several sectors.
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Crédit Agricole has asked around 20 people from debt capital markets and sales to move from its London office to Paris in preparation for the possibility of a hard Brexit, according to sources familiar with the matter.
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Goldman Sachs has restructured its capital markets teams in Asia, naming new co-heads for the equity and credit units.
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UBS hires for China strategy – New tech board for Shanghai – HKEX eyes blockchain for Stock Connect – PBoC warns against Evergrande, Fosun, HNA
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Barclays has hired Citi’s Tasnim Ghiawadwala as head of UK corporate banking.
