Instinet Names Jonathan Kellner as CEO

  • Posted On: 12th March 2014
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Instinet Inc. has announced that it will appoint Jonathan Kellner as their new CEO. Kellner will replace the former CEO, Fukimi Kondo, who has moved to Nomura to head the Asset Management services in the client division in Japan. The co-head of Nomura’s Global Markets and the Chairman of Instinet Inc., Naoki Matsuba, stated that Instinet has become an integral part of the ambitions that Nomura has for its equities franchise. This new move took place due to the shift in their client’s asset to Read More…

GM Responds to Probe Recall by Hiring Law Firms

  • Posted On: 11th March 2014
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General Motors has hired two external law firms to analyze the company’s reaction to the ignition-switch problems on their cars, linked to 13 deaths already. As both firms have already worked with General Motors in the past, there are some questions being raised with regard to conflict of interest. There will be a review conducted on this incident, led by the chairman of Jenner & Block, Anton ‘Tony’ Valukas. Anton has earned his reputation after investigating the Lehman Brothers in 2008 during its collapse. In Read More…

Rob Maher Set to Join Nomura

  • Posted On: 10th March 2014
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The Japanese financial holding company has made its second acquisition from Credit Suisse by hiring Robert Maher. This new hiring is part of Nomura’s plans to widen its electronic footprint using its Instinet subsidiary. Robert Maher, one of the senior trading executives of Credit Suisse, has agreed to join Nomura as a senior member. The bank has stated that Robert Maher will join in the month of March and will take up the position of global head for electronic execution. Robert has more than 11 Read More…

Union Bank of Switzerland Hires Two Senior Officers

  • Posted On: 7th March 2014
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UBS AG has just hired two Americans to strengthen their financial institutions. The Swiss bank has recently brought Tannon Krumpelman and Doug Simons from Credit Suisse and Goldman Sachs respectively. Since the two officers held senior positions even in their previous workplaces, they bring with them valuable experience and knowledge in their respective fields. The FIG will get a huge boost from this aggressive move. The equity, financing and debt capital markets are likely to see some improvements in their processes. Currently, the banks are Read More…

Fleming Takes Up Top ECM Role at Bank of America Merril Lynch

  • Posted On: 6th March 2014
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The co-head of Bank of America Merril Lynch’s Asia Pacific division of its Global Capital Markets, James Fleming, who joined the bank from UBS in 2011, is now going to lead the bank’s UK Capital Markets business. As James Fleming will be vacating his post as the co-head of Asia Pacific division of its Global Capital Markets, the bank has decided to hire Peter Guenthardt, the ex-chief executive of UBS Investments in Switzerland. Both these moves were announced in an internal memo to the staff Read More…

Robert Mayhew- Son of Veteran Banker David Mayhew Joins Barclays

  • Posted On: 5th March 2014
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Robert Mayhew, a reputed UK corporate broking specialist and the son of David Mayhew, a banking legend, has been hired by Barclays in a move which sees him take on the role of a senior broker. Mayhew has previously worked at large multinational banks such as Credit Suisse and Morgan Stanley. This move is believed to be a coup by Barclays ever since they launched an assault on the broking sector by grabbing corporate mandates in 2010. Mayhew is highly regarded among the city bankers Read More…

Winston Capital Plans an Expansion Drive by Hiring 100 New Employes by the Year-End

  • Posted On: 4th March 2014
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Europe’s fourth largest hedge fund, Winston Capital, has decided that it plans to hire as many as 100 new employees in this financial year as a part of an expansion drive. This expansion also looks at starting five new funds as well as new offices in Tokyo, Sydney and New York. 

Former Knight Capital Executive Departs KCG

  • Posted On: 3rd March 2014
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Senior European executive at Knight Capital, Kee-Mang Tan, has decided to leave the group due to personal reasons. This, after KCG’s merger with Getco, a deal that was valued at around $1.4 billion. An internal note was sent within the company which stated that Kee-Mang Tan, one of the senior European executives, would be leaving the company to pursue his personal interests. Tan was instrumental in KCG’s billion dollar merger with Getco where he had played an important role in product and strategy development. Tan Read More…

RBS Slump Said to Affect Thousands of Jobs

  • Posted On: 28th February 2014
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The UK government last rescued the Royal Bank of Scotland from its inevitable fall during the financial crisis of 2008. Could the reputed bank be scaling down the same route again? The sixth annual loss has been reported in recent news, this time at a whopping £8.2 billion. Chief executive of the bank, Ross McEwan, stated that the results were rather sobering; and that he would forgo his bonus for the years 2013 and 2014. The overall bonus pool has dropped by 15 percent, and Read More…

Barclays May be in Bad Shape as IB Head Retires

  • Posted On: 27th February 2014
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In recent news, the investment banking head Hans Joerg Rudloff retired from his position at the age of 73. Rudloff had a very fruitful career, lasting over 50 years, where he was the investment banking chairman of the British lender for a fair amount of time. He brought with him years of experience and knowledge, and more importantly, vital insights that helped the company make important decisions. Now that the banking industry’s future in the United Kingdom is unpredictable, Barclays must find people of equal Read More…

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