Marino Valensise, CIO of the firm since 1999, says he is proud of the name’s history, but the brand association does not weigh upon him.
DIFC has signed a Memorandum of Understanding (MoU) with TheCityUK to share financial, legal and regulatory expertise, collaborating on areas of mutual interest including closer links on education, training and qualifications.
From reducing bonus pools, to capping the amount of cash paid out and clawing back past incentive awards, investment banks are taking what many analysts say is a long overdue look at how the sector’s high pay levels are impeding profit growth.
Natixis SA, the investment-banking and asset-management unit of Groupe BPCE, said fourth-quarter profit fell 32 percent after writing down Greek sovereign debt.
In 2012, “the main worry is the need for economic growth to get restarted,” Chief Executive Officer Jean-Paul Chifflet said in an interview with Bloomberg Television. The company, which holds the largest lending book in France, plans “to
Arjuna Mahendran, the managing director, Head Investment Strategy Asia, HSBC Private Bank tells CNBC-TV18, he expects the European Central Bank (ECB) to infuse 400 billion to 1 trillion euro via a second Long Term Refinancing Operation (LTRO) on February
Commerzbank, which took over Dresdner in 2009 and cut bonuses by 90 percent or more, is defending a lawsuit brought by 104 Dresdner bankers who want individual payouts of as much as 2 million euros ($2.7 million).
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
“Whilst the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever. Given the market opportunity available to us, together with the continuing growth and development of the Par
The awards are even more relevant as they are based on a survey conducted within the industry, and therefore it was not a jury, but rather industry experts themselves who assessed and ranked the individual banks.