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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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Mizuho this week became the latest bank to cut its Asian leveraged finance team as it laid off three people from its origination team in Hong Kong.
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One of Europe’s best known loans bankers, Julian Taylor, has left HSBC after 25 years at the bank. Taylor, who headed the loans distribution business at HSBC for around seven years, is taking a voluntary break from the market, with the intention of returning to it in future.
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JPMorgan this week became the latest bank to merge its primary and secondary loans sales teams, creating a single European sales platform for the distribution of primary deals as well as par and distressed debt trading.
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Bank of Tokyo Mitsubishi UFJ is to add another banker to its Asian loan syndication team, in a rare display of confidence in the region’s debt market.
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Natixis is adding one banker to its Asian syndicated loans team, bucking the trend for redundancies that is sweeping the debt markets.
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Barclays Capital told 50 employees within its loans, leveraged finance and general sales team in London last week that their jobs were at risk, in the first step towards fresh redundancies across the section. Jackie Gillan, a director within global loans and a well known banker in the market, is understood to be among those affected.