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When staff complain, they deserve a fair hearing, not a wall of silence
Fahy will also lead asset-based finance origination
Hire comes from law firm, Mayer Brown, where he was also a partner
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BHP Billiton is back in the takeover market. But only BNP Paribas remains from its advisers on its last big deal. David Rothnie examines the banking musical chairs being played out behind the biggest M&A deal since the financial crisis.
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Josh Cohen, Standard Chartered’s head of loan distribution for Europe, Africa and south Asia, is understood to be moving from London to Singapore in September to work in the lender’s transactional banking arm. He will become head of asset sales in Singapore.
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Simon Allocca will join Lloyds Banking Group next month as a managing director in the loans team in London, he confirmed to EuroWeek. Etienne Lacault has also joined as a director on its leveraged loan syndicate team.
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Cantor Fitzgerald has hired Matthew Previte, Marni Joy and Joerg Zeidler for its leveraged finance and high yield business in Europe. These are new positions and Cantor said it intends to add 75-100 positions to all areas of the firm over the next 12 months as it expands its European presence.
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Fernando Alvarez-Jimenez, head of distressed trading at Barclays Capital, has left the bank. Alvarez-Jimenez, who previously worked within Lehman Brothers’ US credit trading business, had been based in London as of last year.
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Jefferies has hired John McCann as a managing director for leveraged finance origination, and Erez Biala as a managing director and global co-head of CLO and CDO trading, both of which are new positions.