Credit Suisse's highly-regarded electronic trading division has been hit by departures in both Europe and the US, just months after it restructured the management of the European unit. Double departure hits Credit Suisse electronic trading team
The new appointees are Gordon Scicluna as HSBC Malta’s Senior International Banking Manager and Head of Payments and Cash Management; Gaetano Sammut – Head of Trade and Receivables Finance; Vincent Borg, Senior Invoice Finance Manager.
The City is likely to lose 33,000 jobs this year, or 11.5 per cent of the total, as a result of the eurozone crisis, an economic forecaster has warned.
Seymour Pierce appointed a new chief executive, Tom Forcier, in early May after Phillip Wale jumped ship to rival Panmure Gordon.
A well-known figure at the FSA who has been praised by many in the industry for his straight-talking approach, is understood to be exiting the regulator ahead of the implementation of Retail Distribution Review at the end of 2012.