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  • Private banking FirstRand has finally offloaded subsidiary Ansbacher Group to the approval of all involved. The sale to Qatar National Bank (QNB) of the group, which provides financial services to high-net-worth clients internationally, was completed in November, opening a door to the lucrative and expanding high-net-worth market in Qatar.
  • Josh Rosenberg's hobbies, which include Ashtanga Yoga, skiing and cycling, are a good grounding for the often frenetic and fast-paced world of hedge funds.
  • Barclays Capital has increased its staff by 30% to 7,000 in the past 18 months - and there's more to come. The objectives - more client contact and a broader product range - seem to be attainable. What's not so clear is whether increased revenues will outweigh the costs of this headlong expansion and how it will transform the firm's culture.
  • When Patrice Blanc joined Fimat in 1989 the company was an upstart, even in France, where it had been formed just three years before at the same time as French futures and options exchange Matif (Marché à Terme International de France).
  • BNP Paribas has appointed Peter Michel as head of DCM corporate client coverage in Germany, Austria and Switzerland and Mike Meiss as senior derivatives marketer to German and Austrian corporate clients, both within Fixed Income.
  • Almost two-thirds of companies support a new international accounting standard requiring them to expense employee share options in their financial statements, according to a survey by Mercer Human Resource Consulting.
  • SG Corporate & Investment Banking (SG CIB) has appointed Demetrio Salorio as head of Debt Capital Markets Origination for Financial Institutions. Based in London, Demetrio Salorio will report directly to Arnaud Achour, head of Debt Capital Markets Origination.
  • UK budget airline easyJet has appointed 43-year-old Jeff Carr as its new finance director as of January 2005, replacing Chris Walton.
  • Marshal Morris has resigned as CFO of US air pollution control company CECO Environmental to pursue another career opportunity. Morris says: ?Leaving CECO was a hard and difficult decision for me to make but a unique opportunity was presented to me that I think will be for the long-term benefit of my family.?
  • Increasing regulation - OFRs in the UK, Nouvelles Régulations Economiques in France, social & environmental reporting in Scandinavia & the Netherlands - is forcing companies to report more and more detail making it difficult for shareholders to see the big picture according to a new survey. Europe's top 100 companies are facing a growing mountain of regulation, leading to thicker and thicker annual reports, according to the latest edition of the Company Report Report, from Prowse & Co, the corporate communications consultancy.
  • Brady Corporation, the software solutions and speciality materials manufacturer, has promoted Barbara Bolens to the role of treasurer, after spending nine years as assistant treasurer. She will have complete responsibility for treasury functions, including risk management.
  • French state-owned electricity supplier Electricité de France (EdF) announced yesterday that it is planning a share sale of between ?8 billion and ?11 billion ($10.5 billion to $14.5 billion) next year, in what will be the largest share offering ever in France. The French government gave the go ahead for the sale of 30% of EdF's share capital after an independent report on the company's financial needs declared that only an issue of that volume would enable EdF to ?maintain its leading position among Europe's energy suppliers?.