Bank of America announced the appointment of an enlarged London-based high yield team. The entire team will be based in London, with reporting lines to Mike Meyer and Fred Cohen, co-heads of global high yield, in New York. David Lofts, who has been named head of high yield sales, has over ten years of high yield / high grade experience with Donaldson, Lufkin & Jenrette and was most recently a senior high yield sales professional in Bank of America’s New York office. The European high yield team also includes Robb McGregor : high yield sales; Conor Davis : high yield trader; Peter Plaut : head of high grade / high yield research; Chris Mohler : high yield capital markets; and Dan Purser : senior high yield research analyst.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.