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Citi appoints Dial to head consumer banking
As part of its ongoing corporate restructuring, Citi has appointed Teresa Dial as the chief executive officer of consumer banking in North America. Reporting directly to Vikram Pandit, the group’s chief executive officer, she will also assume the title…
Edsparr to join Citadel
Chicago-based hedge fund Citadel has hired JP Morgan's head of rates, Patrik Edsparr. He will join Citadel as the chief executive of Europe and also lead the firm’s global fixed income business, including securitised products.
UK financial sector feels pain of credit crisis
The UK financial industry will shed more jobs in the months ahead as the economic crisis deepens, and its effects have already cut bonuses and salaries sharply.
US reforms mean more bailouts and centralised power
Plans to reform US financial services oversight will open the way for more bailouts of financial companies and more centralised regulation.
HKEx names new head of risk management
Hong Kong Exchanges and Clearing (HKEx) has appointed Kevin King as head of risk management, effective today. He replaces Stewart Shing, who was previously acting head of risk management and head of clearing, a position he retains.
Huey Evans joins Barclays
Gay Huey Evans has been appointed Barclays’ new vice-chairman of investment banking and investment management (IBIM). She takes up this newly created role in mid-April, and will focus on developing and managing relationships with sovereign funds.
Iosco blames widespread credulity for credit crisis
Investors trusted credit ratings agencies too much, and the agencies themselves were too trusting of their clients, according to a white paper out this week from the International Organisation of Securities Commissions (Iosco).
FSA admits failings
Editor's blog
HSBC names new Singapore head of global markets
HSBC has promoted Amit Gupta to head of global markets in Singapore from his previous role as head of sales for global markets, with effect from April 1. He succeeds John McGowan, who will retire in June.
Yates rises at Credit Suisse
Simon Yates has been named as co-head for global securities in the Emea region for Credit Suisse, a newly created role that Yates will add to his role of head of global equity derivatives. Yates will report to Mike Ryan globally and to Eric Varvel on a…
Briault leaves FSA
Daily news headlines
Havens and Klein named institutional client heads at Citi
Michael Klein and John Havens jointly replaced Citi chief executive Vikram Pandit as chairman and chief executive of the bank's institutional clients group in New York on March 17.
Krause joins Deutsche Bank's management board
Stefan Krause has been named as the next chief financial officer of Deutsche Bank - he will succeed Anthony di Iorio on his retirement on October 1.
ETF Securities expands research team with new hire
ETF Securities has hired Nicholas Brooks as head of Research and Investment Strategy. Brooks previously worked as senior economist and market strategist based in London at Henderson Global Investors, a strategy and asset allocation team. Prior to this,…
Deutsche delegates Davis to head equity derivatives flow in Asia-Pacific
Mark Davis has been appointed head of equity derivatives flow for Asia-Pacific at Deutsche Bank, reporting to Denis MacCarthy, head of equity sales Asia.
Briault leaves FSA
Clive Briault, the UK Financial Services Authority's head of retail supervision, will leave the FSA at the end of next month.