UK

Barclays has beefed up the senior management of its UK mergers and acquisitions business, as part of a plan to boost its market share across Europe.

The CEO of London Stock Exchange Group, Xavier Rolet, will leave the company by the end of December next year, it was revealed in a statement on Thursday.

Millenium Management has appointed a co-manager of its European Credit Fund, who was once head of European high yield syndicate at Royal Bank of Scotland.

EU regulators vowed to push ahead with an EU27 version of the 'Capital Markets Union' as they look at life after Brexit.

Major clearing house LCH on Wednesday announced that its COO, Daniel Maguire, has been appointed CEO of the firm.

LCH has begun clearing Swiss Franc interest rate swaps referencing the Swiss Average Overnight Rate (Saron), with Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank among the first to clear using the new benchmark.

Shares in RWS Holdings, the UK translation company, closed 14.6% lower on Wednesday after it raised £185m, 19% of its share capital, through a daytime capital increase to partly finance its $320m acquisition of Moravia, the Czech provider of technology-enabled translation and localisation services.

Quantile Technologies has completed its first compression run for client derivative positions held at LCH, executing the exercise in euro interest rate swaps.

Exotix, a research firm and investment bank has made three senior hires to expand business in frontier markets.

On Wednesday, Italian supermarket chain, Esselunga, became the first non-utility issuer to sell a benchmark corporate bond since Iliad’s €650m deal on October 5. The company’s debut deal saw one tranche priced at a lower yield than Italian government bonds.

Danske Bank has hired a new director for its loan syndications team in London, who was previously a vice-president on ING.

Equiniti, the UK share registrar and payments services company, has concluded its £122.2m rights issue, intended to partly finance its entry into the US market.