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A selection of the clever, funny and weird to keep your mind sharp over the new year break
European and high yield chiefs to take the reins
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Christina Cho is set to leave her job as co-head of sustainable finance capital markets for the Americas at BNP Paribas to join CIBC, where she will lead the bank’s dollar coverage of sovereigns, supranationals and agencies in North America.
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If issuers succeed in pushing down the fees they pay banks for syndicating transactions, they could face a more volatile market and reduced competition among banks for their business, according to SSA market participants.
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Bart Van Dooren, head of funding and investor relations at Bank Nederlandse Gemeenten, will be retiring in January.
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BCS Global Markets, the investment services division of Russia’s largest independent broker, has hired a new treasurer.
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The debate over SSA underwriting fees, ignited by the EU’s decision to publish a lower fee schedule, is raging on with bankers and issuers saying it is pushing other topics aside.
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Debt capital markets bankers are concerned that the EU’s decision to pay less in bond syndication fees could well force other issuers to do the same simply because no one will want to be paying more than anyone else.