SEB has decided to initiate organisational change in its German operations. The purpose is to, within the legal entity SEB AG, separate Retail Banking from Merchant Banking/Commercial Real Estate. This is to try to create the flexibility to benefit from the changing German banking market. The organisational change is of internal character solely and will have no implications on daily operations or relations with customers, partners and other stakeholders. SEB Asset Management is not part of the organisational change process.
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.