In recent weeks, Bank of America has made more than 20 new hires for its equities business across Europe and the US, including Chris Cormier as new equity capital markets managing director.
New hires in the EMEA region include Ulick Burke from Credit Suisse as new head of UK institutional sales, Marco Schaerer from Barclays on derivatives sales, Jeremy Elster from Citi for the industrials specialist sales team and Tan Phull from J.P. Morgan as head of equities electronic trading for EMEA, according to eFinancialCareers.
Last week, it was reported that Bill Frauenhofer has been hired as head of global semiconductor investment banking. Frauenhofer has moved from Jefferies, the global investment banking group, where he was head of global semiconductor and electronics coverage, according to an internal memorandum. He has 20 years’ worth of banking experience, having previously led similar teams at Citigroup and UBS.
According to eFinancial Careers, Bank of America are in competition with Deutsche Bank to strengthen their equities business and are ensuring success by filling more business development positions.
“Bank of America’s push suggests that 2015 is shaping up as a good year to seek a new job in the sector – Especially if you’re a salesperson with an ample book of contacts,” eFinancial Careers reports.
After winning the German presidency for her fourth term, Angela Merkel must weld a coalition government or have a minority rule with the most far-right politicians seen in 50 decades.
A study of the leadership pipeline at the UK’s FTSE 100 corporates shows modest progress, but many top companies still have no ethnic minority presence.
The world’s third-largest economy expanded by 1.0% in the second quarter of 2017 over Q1, giving an annual rise of 4.0% in gross domestic product for the year to June.
The majority of the region’s 28 member states report that the situation has worsened over the past year, reports business management consultant Verisk Maplecroft.