UK

The head of private placements at M&G Investments has resigned and is expected to take up a new job in the New Year.

ICE Benchmark Administration, a unit of Intercontinental Exchange, is to assume the secretarial role on the credit derivatives determinations committees previously held by the International Swaps and Derivatives Association.

Lloyds is the major bank with most to lose from the ‘Basel IV’ rules, according to bank analysts from Credit Suisse, with a leap in risk-weighted assets of up to 21% driven almost entirely by operational risk.

The European Commission will focus on post trade and clearing in its review of the proposed merger between London Stock Exchange and Deutsche Börse, having narrowed its list of concerns from September. But the race is on for the exchanges to address these concerns, with less than three months until a pivotal deadline.

Deutsche Bank, Goldman Sachs and JP Morgan are joint lead arrangers and bookrunners for a bridge loan of up to £12.2bn ($15.18bn) which 21st Century Fox will use to buy the remaining shares in Sky it does not own.

Lazard announced on Thursday that it has hired Will Lawes as a managing director in financial advisory, joining in January.

NMC Health, the London-listed company that claims to be the leading private sector healthcare operator in the United Arab Emirates, raised £255.4m on Wednesday in an intraday equity bookbuild.

Bats Europe is to add several benchmark indices spanning French, German, Italian and Swiss markets and expects these to support derivatives products in the future.

Advent International tidied up another part of its European portfolio on Monday night by selling the last of its stake in Equiniti, the pension, loan and share administration company, in a £43.3m block trade.

Daimler, the German car maker, on Monday issued into a sterling market that remains stable despite the ripples from this year's shock Brexit vote.

IHS Markit has added CME Clearing to its MarkitSERV netting synchronisation service for cleared over-the-counter derivatives.

Daily Mail and General Trust, the UK newspaper publisher and media group, used an equity block trade on Thursday night to give up control of Euromoney Institutional Investor, the business-to-business information group that publishes GlobalCapital.