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Executive is moving to more senior role
Public sector banker departs after 12 years at the firm
Crédit Agricole reorganises loans business amid busy hires and promotions in industry
Funding veteran bows out after four decades at the Canadian agency
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JP Morgan has created a Development Finance Institution (DFI), which will see its investment bank originate and distribute assets scored on their developmental impact. But specialists have questioned the bank’s ambitions and raised concerns about how this unit will operate.
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HSBC is looking for a new head of corporate finance coverage to replace Matthew Wallace, who is quitting the firm. Meanwhile, Simon Derrick and Michael Ellam have been handed new jobs as the bank reorganises the way it covers investors and public sector institutions. In Asia Pacific, Rami Hayek is leaving his post.
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Barclays put a senior medium term note banker at risk of redundancy on Friday. The bank will hand the reins of its MTN business to a more junior banker in its Paris office.
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Hong Kong got a blow from Moody’s on Monday after the agency downgraded the special administrative region’s rating to Aa3 from Aa2, largely because of the lack of an effective response from the government to months of volatility. Rashmi Kumar reports.
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GlobalCapital understands that Commerzbank has ended its primary dealership with the Netherlands, where it was a market maker for Dutch bills.
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Tim Metzgen is leading a new European debt advisory franchise at Alvarez & Marsal.