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Vida Bank is also building up its funding team
Bank’s relationship with SpringCash is ‘commercial’
Stefan Jost will take over the role
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So often boutiques provides shelter for senior bankers during the downturn, only to see them lured back when bulge bracket firms resume their expansion in an upward cycle. Can StormHarbour prove the exception and keep its key staff onboard? David Rothnie investigates.
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The UK government’s Funding for Lending (FLS) scheme has turned in another set of disappointing net lending figures for small and medium sized enterprises in the second quarter of this year, Bank of England figures showed on Thursday. That is despite Q2 being the first full quarter since the central bank revamped the scheme to discount mortgage lending in a bid to focus more heavily on businesses. -
A new North Carolina-based CLO manager is continuing to build up its small team, adding another analyst with the eventual aim of run high-diversity portfolios.
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The Financial Conduct Authority has fined Royal Bank of Scotland just under £15m for “serious failings” in its advised mortgage sales business, saying that only 2 of the 164 sales reviewed were considered to meet the regulator’s standard.
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CIFC Asset Management, one of the most active CLO managers in the US, has appointed a former Ares Management senior partner to its board of directors. Another CIFC board member has resigned.
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A CLO manager set up earlier this year by Moelis Asset Management has hired a fund analyst from CIFC Asset Management to join its growing team.
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A well-known face on CLO conference panels is the latest departure from Royal Bank of Scotland’s US office in Stamford, Connecticut, as the bank sheds its staff in that market.
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Lloyds Banking Group is continuing its push into the US credit and asset-backed securities markets but is taking a very different approach to that of Royal Bank of Scotland, whose Connecticut office had several more structured credit departures this week amid its retrenchment in the country.
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CIFC Asset Management has picked up two CLO bankers from Royal Bank of Scotland's US headquarters in Stamford, Connecticut, as the UK government-owned bank retrenches from the market.
