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Chris Jolly has joined Jones Lang LaSalle Corporate Finance as a managing director. He joins from Commerzbank where he has spent the last six years, most recently as general manager of the London Branch. With more than 25 years banking and property experience his previous roles include head of property at Societe Generale and as a Director of SG Warburg`s property team. He was also one of the first Committee members of the Association of Property Bankers. He will work alongside Tony Edgley and will join Julie Green and the other members of the 18-person Jones Lang LaSalle Corporate Finance team, based in London. Chris joins as an International Director of the firm, its' most senior director level.

There's excess liquidity in the market? Corporate issuance is scarce and companies have the market under their thumb? Network Rail's undersubscribed bond issue last week warned corporates against any such broad assumptions.

Dan Stevens, CFO of UMB Financial Corporation and UMB Bank, has resigned in order to join a commercial bank in Chicago.

OMV, the Austrian-based oil and chemical company, is set to raise around ?1 billion ($1.34 billion) through a share capital increase and convertible bond issuance to fund its acquisition of Petrom, Romania's state-owned petrol company. Up to three million shares will be issued with existing shareholders being granted pre-emptive rights to purchase one new share for every nine OMV shares held. In addition, OMV will issue up to two million bonds to the tune of ?550 million, each bond being convertible into one share of OMV's stock with a maturity of four years and a minimum coupon of 0%.

David Spivak, one of the founding members of Canadian oil field services company Drillers Technology, has resigned as CFO.

Figures provided by Dealogic Week beginning November 29

James McElvany, CFO and treasurer of Noble Energy, is to retire after 25 years with the US energy company, for five of which he has been CFO. McElvany's successor will be Chris Tong who was most recently CFO for Magnum Huner Resources, a US exploration and production company. He has also held finance positions at Tejas Gas Corporation and in several commercial banks.

Symetra Financial, the insurance and financial services group formerly known as Safeco Life & Investments, has named life insurance industry veteran Oscar Tengtio as its new CFO. Tengtio has 25 years experience in the life insurance industry and has held posts at GE Financial Assurance and, most recently, Farmers New World Life Insurance, the life insurance unit of Farmers Group, where he was CFO.

As more and more loans are closed without financial covenants in Europe, the bankruptcy of UK retailer Courts is a warning to lenders who abandon covenants too hastily.

BVCA gives cautious welcome to Pre Budget Report The British Venture Capital Association (BVCA) welcomes the Chancellor's emphasis on entrepreneurship. As we have said, we are calling on the Chancellor to rule out any further increases in business taxation or any new imposition of regulation on business.

Dutch bank ABN Amro has bucked the bearish predictions for European corporate credit next year, predicting that despite unattractive economic prospects, excess liquidity and scarcity of corporate issuance will keep market risk low.

From unlikely roots, US private-equity investor Lombard has deftly re-invented itself to emerge as a leading local value investor in Asia. It has some way to go before it has truly regional scope but an unconventional approach to investing has yielded impressive results to date.