Citi has appointed Luigi de Vecchi as chairman of Continental Europe for corporate and investment banking.
De Vecchi, a respected European investment banker and strategic advisor, comes to Citi from Credit Suisse, where he was the global co-head of investment banking, a post he served in for three years. Previously, he held a number of senior positions at Credit Suisse, Goldman Sachs and Kleinwort Benson in Europe, the US and Brazil. He will be based in Italy.
Raymond McGuire, global head of corporate and investment banking at Citi said: “Luigi brings a wealth of experience along with a diverse network of relationships. Continental Europe remains one of our largest growth opportunities and we look forward to leveraging Luigi’s deal experience and relationships across the region.”
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.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.