Bank of America has named Lewis Warren Jr. as the new Global Large Corporate Treasury Executive, with responsibility for serving the treasury and liquidity management needs of companies with annual revenues of over US$2bn. The group also manages all treasury business outside the US. Warren will be based in New York and will report to Catherine P. Bessant, president of Global Treasury Services. Warren joined Bank of America in 2006 as deputy head of Global Investment Banking, reporting to Brian Brille, global head of Investment Banking. Warren’s responsibilities included strategic business planning, senior operational business management and client processes for GIB.
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.