People & Markets

  • Boutique wheel of fortune spins into another crisis

    Boutique wheel of fortune spins into another crisis

    Independent firms were the big winners of the 2008 financial meltdown. But they will find the Covid-19 crisis tougher to navigate, as they grapple with a unique set of challenges, writes David Rothnie.

  • UBS promotes Paz-Galindo

    UBS promotes Paz-Galindo

    Nestor Paz-Galindo has become global co-head of M&A at UBS, replacing Greg Peirce, with Philipp Beck succeeding him as head of M&A for Europe, the Middle East and Africa.

  • HSBC creates solutions teams for ESG, FIG and corps

    HSBC creates solutions teams for ESG, FIG and corps

    HSBC has become the latest bank to create a dedicated team for sustainable finance amid the coronavirus crisis. This is part of a new strategic solutions group, which will also house two other solutions units: one for corporate finance, and one for financial institutions and capital.

  • Boekhout lays out corporate client strategy at Commerz

    Boekhout lays out corporate client strategy at Commerz

    The double whammy of coronavirus and a crisis at the top of the bank makes the most testing of times for the new head of Commerzbank’s corporate clients division to make his mark. But Roland Boekhout has a broad vision for the firm’s corporate and investment bank and ideas for how to implement it, writes David Rothnie.

  • Investors need to stop imagining auditors or anyone else offers fraud protection

    Investors need to stop imagining auditors or anyone else offers fraud protection

    Several companies boasting Big Four accounting firms as auditors have emerged as fraudulent, leading many to wonder what value auditors bring to an investors' understanding of a company. The big issue is that auditors have little obligation to detect fraud at companies they audit, and neither it seems does anyone else. Until they do, investors need to stop believing a Big Four sign-off is a seal of approval. In fact, for a system supposedly built with its own reputation in mind, developed markets have offered investors very little protection.

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