UBS hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth management and investment banking teams.
The Swiss bank raided its cross-town rival with the hire of Jean-Marc Botteri, a managing director within Credit Suisse’s capital markets solutions group, according to people familiar with the matter.
UBS also promoted a senior dealmaker to head up its private capital business in Europe.
In a 19 May statement, the Swiss bank named Jason Hutchings as head of private financing markets for Europe, the Middle East and Africa, hoping to cash in on an increasingly important part of investment banks’ arsenals in recent years, with firms in Europe building out teams of bankers as more high-growth companies have stayed away from public markets for longer.
Deutsche Bank shook up the senior ranks of its UK investment bank, poaching a senior dealmaker from Barclays as the German lender continues to build out its advisory business.
Daniel Ross joined Deutsche Bank as head of investment banking coverage in the UK and Ireland, according to an internal memo seen by Financial News.
Scott Bell, Deutsche’s global co-head of consumer investment banking, has also been handed a role as chairman of its investment bank in the UK and Ireland, as part of the bank’s plans to increase its share of the wallet in the region.
Deutsche Bank also poached another senior dealmaker from Credit Suisse to lead its equity capital markets business in Europe, as the German lender continues to build out its investment bank in Europe.
Stephane Gruffat joined the bank as co-head of equity capital markets and head of equity syndicate for Europe, the Middle East and Africa, according to another internal memo seen by Financial News. He joined from Credit Suisse, where he was head of equity syndicate for Emea.
JPMorgan Chase put two of the contenders to succeed chief executive Jamie Dimon in charge of its sprawling consumer-banking operation.
The bank said on 18 May that consumer-lending chief Marianne Lake and chief financial officer Jennifer Piepszak are taking the reins of its consumer and community bank from Gordon Smith, who will retire at the end of the year.
The move comes two years after JPMorgan put Lake and Piepszak in their current roles and established them as front-runners to one day run America’s biggest bank. The decision to place the women, both 51 years old, in charge of a unit that serves half of all US households and accounts for roughly 40% of the bank’s profits further cements that status.
Goldman Sachs Asset Management announced the appointment of Jen Sisson as head of stewardship for Europe, the Middle East and Africa. Sisson will be based in London, reporting to Catherine Winner, global head of stewardship, and will join the firm in next month.
Darrois Villey Maillot Brochier mergers and acquisitions lawyer Christopher Grey has moved back from France to return to his former firm, Clifford Chance, in London. The magic circle firm is expanding its technology, media and telecoms M&A team. Grey will be advising on deals across areas including fiber, towers and next generation infrastructure in both the UK and Emea.
Norton Rose Fulbright appointed Maartje Govaert as global head of employment and labour. Based in Amsterdam, Govaert will take up her role on 22 June leading the firm’s global employment and labour group of more than 300 lawyers worldwide.
HSBC Asset Management expanded its direct lending team with the appointment of Tom Boden as an associate director. Boden joined the firm on the 4 of May and will be based in London.
Prior to joining HSBC Asset Management, Boden was an associate director at Permira Debt Managers where he worked for seven years in the firm’s direct lending team. He trained at KPMG where he qualified as a chartered accountant.
Citigroup named Ebru Pakcan as head of its emerging markets business in Europe, another step in its goal to having half all country leadership roles occupied by women.
Pakcan will replace 37-year bank veteran Atiq Rehman, who announced his decision to retire in March, according to an internal memo seen by Financial News. Pakcan will lead Citi’s so-called emerging markets cluster in Europe, the Middle East and Africa, a unit created in 2019 to cover regions such as the Middle East, North Africa, Sub-Saharan Africa and some Eastern European countries.
Investment bank Peel Hunt announced the appointment of Mark Barrow as head of private equity coverage within its investment banking division. Barrow joined from Zeus Capital, where he held the same position. He arrives with 24 years of corporate finance experience, 19 of which have been focused on UK mid-market financial sponsors.
The European Securities and Markets Authority confirmed the appointment of former French regulator Natasha Cazenave to oversee the day-to-day running of the European Union’s top markets watchdog.
Cazenave will leave her post as deputy secretary general and head of the policy and international affairs directorate at France’s Autorité des Marchés Financiers to take up her new position as executive director at Esma on 1 June.
Law firm Dechert has hired Kirkland & Ellis private equity partner Mark Thompson as a partner in its London office. Thompson has acted for financial sponsors such as Brookfield and Starwood Capital on M&A deals. He was previously an associate at Magic Circle firm Linklaters.
Mark Thierfelder, chair of Dechert’s private equity practice, said: “Mark is a superb addition to our global private equity team and his expertise in PE real estate distinguishes him in the marketplace.”
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