Barclays has appointed John Rodriguez as relationship director within its financial institutions team, with responsibility for supporting Latin American financial institutions. Rodriguez will be responsible for establishing and strengthening Barclays transaction banking relationships with financial institutions across Latin America, working closely with Barclays investment banking arm to provide a wide-ranging coverage model for these banking clients.
Rodriguez joins Barclays from HSBC where he was senior vice president (SVP), global transaction banking responsible for supporting financial institution clients across the US, Latin America and Caribbean. Prior to joining HSBC, he held SVP roles at Wells Fargo and Wachovia Bank. Rodriguez has extensive experience working throughout Latin America supporting financial institutions and corporate clients with their transaction banking requirements.
The bank believes that the battered UK currency, recently only just holding above the US$1.20 level, could be trading at US$1.36 by this time next year.
Two in three investment bank staff are ready to quit in the next year because of the demands of their job, according to insurer MetLIfe.
The Monetary Authority of Singapore withdrew the licence of the Swiss wealth manager and imposed fines on DBS and UBS.
More companies are using the renminbi to do business with China, but few are using the business opportunities opened up by the country’s ‘Belt and Road’ trade initiatives, reports HSBC.