Citi has made two key management appointments in the Middle East. Jervis Smith has been named managing director, financial institutions group, head of international managed funds and Middle East, while Richard Street has been appointed director, securities and fund services strategy and business development, Middle East and North Africa. In addition to the Middle East appointments, Citi has also named Paul H. Simpson as head of global public sector and healthcare markets for its global transaction services business. Reporting directly to Paul Galant, CEO of global transaction services, Simpson will assume this new global role to sharpen the focus on solutions and services for clients in the public sector and healthcare markets – segments that Citi considers key to the overall growth of transaction services. Simpson joins Citi from JPMorgan Chase where he held several roles in treasury services since 2001.
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.