Christian Petter has taken up the position of chief executive of BNP Paribas Investment Partners in Germany. He will be responsible for the wholesale business.
Raiffeisen Research, part of the Austrian group specialising in CEE investments, believes the results of the latest parliamentary election in Ukraine point to business as usual, especially given the still muted reaction of international markets.
As parliamentary elections in Ukraine approach, due on October 28, one of the main topics under discussion is whether the country will strike a deal with the International Monetary Fund (IMF) in the aftermath.
Swiss banks face the prospect of losing 15%, or Sfr135bn francs ($139bn) of their assets as a result of Western Europeans taking their money onshore, said Herbert Hensle, global head of the Strategy & Transformation team of Cap Gemini SA, in a Bloomberg report.
Retail bank Raiffeisen is to hand over details about its US clients, the latest Swiss-based institution to come under pressure from US authorities determined to enforce tax compliance among wealthy citizens.
Swiss firm Profidata’s e-AMIS Wealth Management System has been selected as the principal platform for asset management at the Austrian Raiffeisen banking group.
“We do not run away”. Bankers and regulators at an investment conference in Vienna dispel fears of disorderly deleveraging.
People who expected European banks to offload asset management arms to meet mandated 9% tier one capital ratios by mid-2012 may be disappointed, as Credit Suisse analysts barely named such an action as likely among nine banks they highlighted in a report yesterday.
Europe-wide banking regulator the European Banking Authority will publish results of stress tests for 91 banks across the region later today, once markets have closed.