C&E Executive News Filter
- Finance
Private equity firms eye banking hires to serve wealthy investors: ‘There’s a run on the bank for talent’
Private equity managers are competing fiercely for talent as they attempt to build out their capacity to raise money from…
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Wirecard saga is a clear warning to expect more fraud in cryptoland
If you are feeling nervous about the state of the financial world, I have a suggestion: don’t read Money Men,…
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Mid-market specialist William Blair adds five senior dealmakers
Mid-market investment bank William Blair has hired five senior dealmakers to its European business, adding more firepower to its operation…
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Ex-KPMG boss Mary O’Connor joins insurer Howden to run new capital advisory business
Former interim chief executive at KPMG UK Mary O’Connor has joined insurance broker Howden to lead its new capital advisory…
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Money laundering watchdog pushes for crypto information-sharing rules
Most countries lack “travel rule” laws that could help prevent the illicit use of cryptocurrency by criminals and terrorists, a…
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EU crypto rules to force tether, USD coin to hold more reserves in ‘Wild West’ market
A landmark agreement for Europe to regulate cryptocurrency markets across the continent is set to bring stablecoins such as tether and…
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Leon Black rebuffed in Apollo conspiracy claim
A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and…
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UBS in $25m SEC settlement over complex options products
UBS agreed to pay $25m to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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Missing ‘CryptoQueen’ added to FBI’s Most Wanted list
Ruja Ignatova, the self-styled “CryptoQueen” and founder of the OneCoin crypto project, has been added to the FBI’s 10 Most…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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Revolut appoints new US chief to lead expansion
Revolut has appointed a new chief executive in the US as it looks to expand its operations across the Atlantic.…
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Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
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Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround
Credit Suisse has hired 22 senior compliance professionals this year and bolstered headcount in the division as it looks to…
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Three Arrows Capital falls into liquidation as crypto winter bites
Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called…
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State Street, Ninety One CEOs: Defunding polluters is not the path to net zero
Ron O’Hanley is chief executive of State Street and Hendrik du Toit is chief executive of NinetyOne Today, more investors and…
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Corporate governance and audit reform – watered down or pragmatic?
Jim Oulton and Tim Shepherd are partners in the litigation and dispute resolution department of Mayer Brown International where they…
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Jupiter CEO Andrew Formica to step down
Jupiter Fund Management has announced that Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager…
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Credit Suisse fined $2m over money laundering linked to cocaine trafficking
Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime…
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HSBC names top dealmaker Alexi Chan to lead new sustainable finance team
HSBC has promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance —…
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Martin Gilbert: The City must cherish its older workers
Martin Gilbert, the co-founder and former CEO of Aberdeen Asset Management, is chair of AssetCo and Revolut Paul McCartney headlining…
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Hackers steal $100m in cryptocurrency
Hackers have stolen roughly $100m in cryptocurrency from a blockchain bridge, technology company Harmony said 23 June. Harmony, which hosts the Horizon…
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Helena Morrissey: ESG extremism isn’t helping anyone
Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner ESG has…
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FCA hits insurance broker JLT Specialty with £7.9m bribery fine
The Financial Conduct Authority said 22 June that it fined insurance broker JLT Specialty about £7.9m, equivalent to about $9.7m,…
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Why trading and ESG will soon be synonymous
Rebecca Healey is managing partner at Redlap Consulting, specialising in market structure, regulatory reform, and financial services technology The debate rages on:…
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Solvency II overhaul is ignoring huge climate risks
Jesse Griffiths is chief executive of the Finance Innovation Lab The prime minister says reforms to Solvency II are about getting rid…
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Wall Street tales from a Black trader: ‘We felt that every set of eyes on the trading floor was focused on us’
J Derek Penn is one of Wall Street’s veteran traders. He also happens to be one of the first few…
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SFO boss Lisa Osofsky’s future in balance as report into fraud squad’s conduct nears
The director of the Serious Fraud Office Lisa Osofsky’s future is in the balance as she awaits two key reports…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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Woodford fund administrator’s woes mount as law firms double up for legal action
Two law firms representing thousands of investors left trapped in Neil Woodford’s defunct flagship fund have joined forces to pursue…
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Credit Suisse seeks way out of $607m Bermuda court claim
Credit Suisse’s Bermuda life insurance unit said a loophole in Bermuda company law means it shouldn’t have to pay a…
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Citigroup names Alexander Stiris to lead European commercial bank ahead of hiring spree
Citigroup has shifted its top dealmaker in the Nordic region to lead its commercial banking operation in Europe as it…
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Perella Weinberg hires Barclays dealmaker in private markets push
Perella Weinberg Partners has hired a senior dealmaker from Barclays as the boutique continues to expand its coverage of private…
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UK may scrap banker bonus caps in post-Brexit rules push
The UK government is looking to scrap the cap on banker bonuses, as it eyes a further break with legacy EU rules, The Independent reported. Chancellor…
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TP ICAP hires ex-SocGen MD Daniel Fields as global broking head
TP ICAP has hired Daniel Fields as chief executive of the firm’s global broking division. Fields will report directly to…
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Natixis affiliate Mirova snaps up renewable energy investor in emerging markets push
Natixis Investment Managers affiliate Mirova has bought a specialist private debt firm that finances renewable energy projects in Africa and Asia as…
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Santander names Héctor Grisi as new chief executive
Banco Santander named Héctor Grisi, its head of Mexico and North America operations as its new chief executive, as the…
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Why a Credit Suisse takeover post-Archegos would need a very bold bidder
Five months ago, following the resignation of Sir António Horta-Osório as chair of Credit Suisse, I suggested it might be a…
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HSBC promotes veteran dealmaker James Horsburgh to lead private capital unit
HSBC has named a senior dealmaker to lead its coverage of private capital as large investment banks look to drum up more…
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BitMEX co-founder sentenced to probation over money-laundering violations
Benjamin Delo, a co-founder of cryptocurrency derivatives exchange BitMEX, was sentenced to 30 months probation for violating US anti-money-laundering law.…
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JPMorgan hires Gokul Mani to lead emerging markets ECM unit
JPMorgan has hired a former Bank of America dealmaker to head up its equity advisory unit covering emerging markets following a…
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Credit Suisse bolsters UK investment bank with JPMorgan and BNP Paribas hires
Credit Suisse has hired a pair of senior dealmakers for its UK investment banking team as it looks to rebuild…
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BlackRock to expand proxy voting to large investors in Canadian, Irish funds
BlackRock is expanding a recently launched program that gives some of its largest clients a direct say in proxy voting,…
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Trading Places: Centerview nabs JPMorgan execs, Coinbase rescinds banker offers, BlackRock hires in ESG
Centerview Partners hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector. Rakesh Mehta, who was most recently…
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BlackRock bolsters Emea sustainable leadership team
BlackRock has made several high-profile hires and promotions across its sustainable investing team in Emea — a region that has contributed…
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SocGen chief exec Frédéric Oudéa says banking talent war has ‘normalised’
Societe Generale chief executive Frédéric Oudéa said the banking recruitment market has “normalised” — another sign that the red-hot market for…
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Deloitte denies protecting ‘stalkerish’ ex-partner after affair with junior
Deloitte has denied protecting a male partner accused of “stalkerish” behaviour towards a junior colleague after she broke off their…
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Centerview hires JPMorgan’s Rakesh Mehta and Najeeb Ali to pull in healthcare deals
Centerview Partners has hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector, which remains a hot…
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Hedge fund group files complaint against LME for ‘failing’ nickel traders
A formal complaint has been made by the Managed Fund Association against the London Metal Exchange over its cancellation of…
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Mark Dampier: HSBC’s Stuart Kirk was spot on about ESG
Mark Dampier is the former research director of Hargreaves Lansdown and author of Effective Investing One of the problems in the financial…
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