Search results for

Rob Joliffe, head of debt capital markets at RBS, is leaving the bank for personal reasons. Joliffe’s contract runs out in March, and although he has said that he is available to assist with the integration of ABN Amro, it is understood that he is already working on a part-time basis. Before RBS, Joliffe spent a good proportion of his professional life at Goldman Sachs where his last role was head of European FIG coverage. His replacement has not been announced. Simon Drake Brockman, head of debt markets, is moving to the US in the New Year where he will also run the Greenwich debt business.

Chile has named José De Gregorio as the country’s new central bank president. De Gregorio will step up from his role as the central bank’s vice-president when Vittorio Corbo finishes his five-year term.

Euromoney targeted equity analysts covering Asian companies that were constituents as of July 26 2007 of the following indices, the biggest exchanges for domestic shares in the respective countries: Shanghai Composite (People’s Republic of China);

China is again reluctantly opening the door to foreign investment banks, encouraging them to set up local broking joint ventures capable of underwriting debt and equity offerings, and possibly a range of other services including wealth management, private banking, and institutional broking. China’s stock regulator, the CSRC, is expected to issue new rules on the sector in the next few weeks. So far, Citi, Credit Suisse and Morgan Stanley are ahead in the race to secure a Chinese partner.

The limited progress made in getting this sector moving again in Europe has run aground on renewed nervousness.

More supply means more funds. But where to put them?

If you are a fund manager interested in investing in central and eastern Europe, there is a strong possibility that you will be directed towards Hungarian government debt. The country’s debt management agency, the AKK, has issued about €2 billion annually to meet the country’s budgetary deficit in recent years. With about 30% of the debt held by foreign portfolio investors, perhaps the most important influence on its price is perception of the government’s resolve to limit an unusually large deficit.

Since the beginning of 2006, Morgan Stanley’s private wealth management business has been streamlined into a slicker, more profitable business. Total client assets have increased from $624 billion to $734 billion, and quarterly profits before tax have increased from $20 million to $287 million. Helen Avery talks to Morgan Stanley’s co-president, president and chief operating officer of global wealth management, James Gorman, on how he turned Morgan Stanley’s wealth management business around, the firm’s plans for the future, and his thoughts on the private banking industry.

Euromoney targeted equity analysts covering Asian companies that were constituents as of July 26 2007 of the following indices, the biggest exchanges for domestic shares in the respective countries: Shanghai Composite (People’s Republic of China);

Market participants are confident that Scandinavian exchange operator OMX’s acquisition of the Armenian Stock Exchange (Armex) will help to boost interest in the Caucasian republic’s burgeoning capital markets in 2008.

Launched in 2001, Deutsche Bank’s Autobahn trading platform is a big factor in the bank’s success in the FX market.

The European Commission demands a comprehensive action plan to right the wrongs by the end of January.