Barclays is continuing to expand its trade and working capital team and financial institutions (FI) business with the appointment of Jim Murphy as director of FI trade.
Murphy will be responsible for driving the cross-border FI trade business of the bank in eastern Europe, Nordics, Turkey, Africa and the Americas. Based in London, he will report to Shona Tatchell, head of FI trade.
Murphy joins Barclays from HSBC, London, where he was a director in the project and export finance team for eight years. He was responsible for the primary origination of trade finance assets in central and eastern Europe (including Turkey) and sub-Saharan Africa. Prior to HSBC, Murphy was a part of the structured trade and export finance team at Deutsche Bank, London, originating FI trade finance assets and syndicated trade loans in Turkey and the Commonwealth of Independent States (CIS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
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