The Royal Bank of Scotland Financial Markets (RBS) has hired Al Sinsheimer as Head of UK and European credit distribution. The appointment follows the creation of a new rates business in RBS Financial Markets and the expansion of the bank’s capital markets business. In line with these initiatives, the sales groups have been re-organised to reflect the objectives of these two business areas. The new rates trading business brings together the IRD trading activities and the capital markets trading in government securities, supranational bonds, repos and short end interest rate trading. Ian Gaskell heads up the new Rates business. As part of these changes, the sales and marketing activities for liquid products have been realigned to bring together the institutional bond distribution and institutional derivative activities (governments, supranational, asset swaps, derivatives and repos) into a liquid products distribution business. This business will be co-led by Iain Wright and Chris Webster.
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.