10/31/2012
UBS closes London-based distressed debt desk
UBS's distressed debt trading desk was responsible for trading leveraged loans
Executive Moves
10/30/2012
Edmond de Rothschild to cut 66 jobs in France-source
The private bank will cut 66 jobs from its 1,000-strong workforce in France and has drawn up a voluntary departure plan that is due to be completed by Dec. 31, the source said.
10/30/2012
Departures as Skandia UK restructures sales team
Skandia UK has restructured its sales team as three sales managers depart the business.
10/30/2012
New IMA chief executive named
Richard Saunders will remain with the IMA in an advisory capacity until the end of 2012 to assist with an orderly transition.
10/29/2012
Paradigm appoints ex-Octopus investment chief
Paradigm Group has appointed former Octopus Investments chief investment officer Lothar Mentel
10/29/2012
Citi Fined $2m; ‘My Boss Would Eat Me Alive,’ Analyst Writes in Email
Unauthorized disclosures to media of nonpublic information related to Facebook Inc.’s initial public offering have cost two Citigroup analysts their jobs.
10/29/2012
Edinburgh Dragon Trust strengthens its board
Edinburgh Dragon Trust has appointed Jupiter Asset Management exec as an independent non-executive director.
10/29/2012
Renaissance Capital Hires Sales Traders for EMEA Platform
Renaissance Capital has hired two London-based sales traders for its Europe, Middle East & Africa (EMEA) platform.
10/29/2012
Intesa Sanpaolo approves changes to the management board
Shareholders at Italy's Intesa Sanpaolo have approved changes to the bank's statute to increase the number of members of the management board, who will be granted managerial powers.
10/29/2012
BlackRock’s Turnill to step down from four global funds
BlackRock to redistribute four global equity funds as Richard Turnill gets role at active management oversight unit.
10/29/2012
Royal Skandia head of European sales departs
He could not immediately be reached for comment.
10/29/2012
Brewin Dolphin boosts Glasgow Office
He has spent the past 25 years with investment management firm Speirs & Jeffrey Ltd where he was a senior associate director.
10/28/2012
Brevan Howard hedge fund hires Credit Suisse traders: report
Carson ran Credit Suisse's U.S. dollar swaps desk, according to the Bloomberg report.
10/28/2012
Throgmorton Hires Senior Tax Specialist
He spent 24 years with Ernst & Young
10/28/2012
Credit Suisse’s Jain Said to Step Down as Stock-Trading Chief
Credit Suisse Group AG’s Bob Jain will step down after almost four years as head of the stocks business to oversee in-house hedge funds in the money-management division, two people with knowledge of the decision said.
10/28/2012
Barclays bolsters wealth management team with Coutts hire
Barclays has bolstered its wealth and investment management offering in Essex with a new appointment.
10/25/2012
RSM Tenon cuts 'active' client numbers after segmentation
RSM Tenon's 63 private-client advisers will have on average 100 clients
10/24/2012
Focus poaches Axa online proposition head
McKay joins fellow product managers
10/24/2012
Old Mutual changes manager for Skandia bond fund
Gillham will take over the fund
10/24/2012
Sciens appoints ex Citi executive CIO of alternatives
"Focus on strategic initiatives that can leverage Sciens' strengths to offer institutional and high net worth investors a seamless entry point into the liquid alternative investments market."