Cathy Bessant, previously head of global product solutions, has been promoted to president of global corporate banking, which is a part of the global corporate & investment banking business. Under Bessant’s leadership, this business will include both the corporate banking coverage officers as well as the product development and delivery capabilities that have most recently been a part of global product solutions (GPS).
Bessant will work in close partnership with banking group heads to ensure continuation of the fully integrated corporate and investment banking coverage model, and corporate bankers will continue operating as an integral part of the industry and regional banking teams as they have in the past.
With this change, portions of GPS will be realigned to global commercial banking under David Darnell and to technology and operations under Jim Kelly.
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.