Citigroup is hired Peter Kimpel | as head of banking, capital markets and advisor to Germany and Austria. Kimpel is from Barclays where he leads its operations in Germany, having joined a lender two years ago from fintech firm Rocket Internet. Former Goldman Sachs deal-maker Kimpel will replace Stefan Wintels, who has several positions at the US bank including vice chairman of the global financial institutions group and vice chairman of Germany, whom he will retain. Investment banking fees have surged 20% in the country this year, according to Dealogic, and competition for senior deal-makers is heating up.
The ring-fenced British retail bank Barclays has a new seat as Sir Ian Cheshire announced his intention to step down after more than two years of work. It is a challenging time for retail banks, which must overhaul their businesses to offset the impact of the Covid-19 crisis and a prolonged new era of low interest rates. Cheshire said he could not dedicate the time needed to do this, and has given up control Crawford Gillies.
Global co-head for HSBC investment banking advisory and protection, Peter Enns, leaving the bank early next year to take a role outside the banking sector. Enns, which is based in Hong Kong, has not been replaced, with former Deutsche executive Adam Bagshaw – who joined HSBC earlier this year – heading the unit himself on a temporary basis. Hugo Heath, vice chairman of HSBC, global banking will work closely with Bagshaw, the bank said in a memo sent to staff seen by Financial News.
Middle market investment bank Raymond James plays a major role in the consumer and retail sectors by acquiring specialist boutique advisor Financo. The move will see 25 new dealmakers and Financo’s CEO, John Berg, will lead a new consumer team, which has doubled to 50 bankers.
French bank Societe Generale is working to increase its diversity credentials by promoting more women into senior roles. The bank has pledged to ensure 30% of all senior management roles are held by women in the next three years. This means that one-third of its top 200 positions – from executive roles to management positions across business lines and functions – will be held by women.
Andrew Lake has been promoted to partner in the Swiss Mirabaud Group asset manager. He was hired by the company in 2013 and currently leads its regular income team.
Aviva has given a name Doug Brown chief executive of the UK and Irish life insurance business. Brown joined from Canada Life and will land at Aviva in April next year.
Jim Esposito, who was appointed as one of the heads of Goldman Sachs’ investment banking division following Gregg Lemkau’s unexpected departure in November, is focused on talent in his new role. Goldman continues to attract the “best and brightest” he says Financial News, but competition is growing and the need to ensure banks retain their best people has become inseparable.
Christmas jumper on top, tracksuits below? Yes, it’s a virtual Christmas party. Prepare a mini wine bottle and put a smile on your face. Here’s how enjoy the best of excitement through Zoom.
Some were able to relax during the holidays after being appointed managing directors. Citigroup, Swiss credit and Barclays all have named their new MD class over the past week.
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