Citigroup axes 50 emea bankers
Citigroup has begun axing 50 investment bankers across its Europe, Middle East, and Africa (EMEA) division as a programme of cutting 11,000 jobs across its business, according to media reports.
Author: Mark Battersby
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mirabaud launches global high yield bonds fund
Mirabaud Asset Management has launched the Global High Yield Bonds fund, to be run by Andrew Lake who joined Mirabaud from Aviva at the end of last year.
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hsbc appoints malta head of international banking
HSBC Malta has appointed George Debono as its new head of international banking.
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Barclays scales back in asia and europe
Barclays chief executive Antony Jenkins is to scale back the investment bank’s equities and advisory businesses in Asia and Europe as part of his restructuring plan which will result in 3,700 jobs getting axed.
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trust strategies to ease the nil rate iht freeze
The UK government decision to freeze the ‘nil-rate’ band of inheritance tax (IHT) over the next six years will lead to new strategies around the use of trusts, experts are predicting.
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size of pension gap for expats revealed in survey
Only one third of retired expats say their pension income is enough to sustain the lifestyle they want, according to research by Lloyds TSB International.
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uae firms urged to employ more emirati citizens
The UAE's private sector has "benefited greatly" from the country's rapid growth and should do more to employ Emirati citizens, Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and ruler of Dubai was reported as saying at the region's summit.
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name change for camignac multi asset fund
Carmignac Cash Plus is changing its name to Carmignac Capital Plus, reflecting the way this cash plus fund has evolved over recent years.
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guernsey trust companies agree to merger
Aquitaine Group and Goethe Management have merged their independent trust businesses to create a combined team of 22 staff.
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abu dhabi bank launches expat pension plan
NBAD Trust Company (Jersey) has launched the first pension scheme for expats by a UAE bank, which could herald a new wave of similar retirement savings products.
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natwest appoints regional director in gibraltar
NatWest in Gibraltar has a new regional director, David Bruce, who has joined from RBS International in Guernsey where he was senior relationship manager.
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trevor matthews leaves aviva in mgt reshuffle
Trevor Matthews is stepping down as head of Aviva’s developed markets business as part of a shake-up in the senior management team.