Citi has hired Ignacio Ruiz-Garma as senior banker. He will be part of the private banking team for Spain and Portugal, led by Eliseo Cervera. Ruiz-Garma joins Citi from KBL Bank in Spain, where he was head of Private Banking, in charge of managing an important portfolio of high net worth clients. Previously, Ruiz-Garma worked […]
The British Financial Conduct Authority (FCA), Swiss Finma and US Commodity Futures Trading Commission (CFTC) have imposed fines of £1.1bn (€1.39bn), CHF134m(€111.4m) and $1.4bn (€1.122bn) respectively on five global banking institutions for failures in their FX trading operations. The banks are accused of failing to control their business practives in their G10 spot foreign exchange […]
BBVA Compass has announced that it has tapped Maria Holmes as its new head of asset management and trust. Holmes will also lead the registered investment adviser program for BBVA Securities Inc. A native of Chicago, Holmes has more than 14 years’ experience leading investment, insurance and advisory services activities. She joins the bank from […]
Harold Kim, managing director and head of structured products for Asia-Pacific at Citi in Hong Kong, is considering other opportunities at the bank after his current role fell victim to a reorganisation.
Swedish hedge fund manager Brummer & Partners has appointed Citi to be depositary and prime broker for its Carve fund.
Sciens Capital Management Group has appointed Farhang Mehregani (pictured) chief investment officer of Sciens Alternative Investments.
Vikram Pandit, CEO of Citigroup, is leaving his job with immediate effect, the company’s board has announced.
The struggle to find yield from the most liquid assets is leading fund managers and asset allocators to consider different types of liquidity in their portfolios.
Citi is predicting a 90% chance of Greece exiting the eurozone in the next 12-18 months.
The probability of a Greek exit from the eurozone has increased from 75% to 90%, according to new research published today by Citigroup.
Fund selection could be set to “step back 20 years in regards to the end client” because of regulatory changes occurring in Europe, the US and Asia, according to fund buyers and managers speaking at the Fund Forum event in Monaco yesterday.
Long seen as leveraged plays on the market, asset managers’ improving cash positions may give them more defensive qualities as they face up to a changing fund management landscape.