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People and Markets

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Ex-Crédit Agricole banker to be based in Paris
Édouard Sauce had been with the firm for almost a decade
As JP Morgan brings its Security and Resilience Initiative to Europe, Craig Coben uncovers what it takes to make such an effort pay off rather than fizzle out as a piece of flashy marketing
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  • Ben Powell is resigning from the position as treasurer of the International Fund for Agricultural Development after 15 months in the job.
  • Nomura has expanded its covered bond trading capacity with a new hire from BNP Paribas.
  • Private equity firm KKR has closed its first Asian Infrastructure fund at a chunky $3.9bn, raising money to support investments in the sector across Asia Pacific.
  • ABS
    A blue Senate is posing a new threat to the ABS market, as regulators and lawmakers are set to turn their focus to consumer protection. Sherrod Brown, a critic of big banks and a loud consumer rights advocate, is now favourite to chair the Senate Committee on Banking, Housing and Urban Affairs, which could lead to a stream of headline risks for lenders.
  • Sabrina Fox has been named chief executive of the European Leveraged Finance Association, following two years as executive adviser during which she rapidly expanded the nascent organisation into a buy-side trade association with 37 member firms.
  • Investec has announced the first close of an inaugural direct lending fund targeting Western Europe’s small cap companies, which Investec believes are underserved by banks and other lenders.
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