UK

Santander’s global head of DCM will next month step in to fill the void left by Mark Dodd, who is retiring from the firm after more than 30 years in the capital markets.

HSBC has decided to remain headquartered in the UK following an extensive review by its board of directors, ending months of speculation that it could return to Hong Kong.

The UK Debt Management Office has mandated banks for the sale of a Gilt set for the week beginning February 22.

Countryside Properties traded up 4.4% in London on Friday, after completing an initial public offering that valued it at just over £1bn. Bookrunners said its business regenerating public sector land was what won investors over.

A day after UK pub company Enterprise Inns showed a strong start to the year in a trading update, equity investors backed the credit, but its unsecured notes due 2018 kept sliding down in a market hit by LeasePlan’s sale failure.

Tritax Big Box Reit, a UK logistics real estate investment trust, closed a £200m follow-on capital raising on Friday morning, having increased the deal from a £100m-£150m range.

The UK Supreme Court extended investors’ legal battle with Lloyds this week, saying it will review an earlier ruling by the Court of Appeal that gave the UK bank the right to redeem a series of high coupon enhanced capital notes (ECNs) at par.

European credit markets, led by the banking sector, have seen risk escalate over the past several weeks with the Markit iTraxx Europe Main index seeing its spread widen to the highs of June 2013. One bright spot however, has been the region’s sovereign credit, which has largely steered clear of the contagion that developed in the corporate market.

RBC’s BlueBay Asset Management on Thursday appointed a new portfolio manager and a new senior credit analyst to its European high yield team in London.

Vinod Vasan, who resigned from Deutsche Bank on Wednesday morning, will be returning to UBS.

Rich Ricci, the former chief executive of Barclays investment bank, has joined freemarketFX, a startup FX business, as chairman.

Deutsche Bank's global head of FIG origination has left the bank to head to another firm.