Top Merrill dealmaker to leave for UBS

"It's a great hire. He is a relationship man, not a manager and (UBS's chief executive Sergio) Ermotti knows him well", said a top UBS banker in London.


Golden goodbye for Ackermann at Deutsche Bank

Deutsche Bank handed its out-going chief executive Josef Ackermann a total pay package of €9.36m for his last full year in charge of the German bank, a period in which a contraction in investment banking banking meant his successor Anshu Jain took a