Exotix, a frontier market broker and investment banking boutique, has recruited Vikas Nath as its new chief executive to strengthen its senior management team, following three years of rapid growth.
Appointments
Barclays Capital has hired 450 bankers to strengthen its equity business in Europe and Asia since the autumn, as it aims to become a top three player in Europe by 2011. It is 18th in European ECM league tables at present.
Global Wealth Management Group (GWM) has announced that Shawn Mofidi has been elected chairman of the wealth management and family office services division of the firm.
The Russian government has hired one of the country's most influential investment bankers to informally consult state-run companies over acquisitions abroad, according to banking sources.
VocaLink, an international payment transaction specialist, has appointed Claire Hafner to its board as CFO. Hafner will be responsible for all aspects of the company’s financial management, including the accounting, commercial, procurement, legal, and risk and compliance functions.
The board of The United Bank for Africa has appointed Alhaji Bello as executive director with supervisory responsibilities for the bank’s interstate transaction business. The appointment is subject to the confirmation of the Central Bank of Nigeria.
Bahrain's Investcorp has announced that Mohammed Al-Shroogi, Citigroup's former managing director for the Middle East and CEO for Citi in the UAE, has resigned and will join Investcorp as head of its Gulf activities.
Armajaro Asset Management has appointed Michel Danechi to manage a new emerging markets hedge fund which was launched earlier this year.
UFG Asset Management has hired Robert Sasson, the former head of the St Petersburg office of the European Bank of Reconstruction and Development (EBRD), as senior managing partner of UFG Private Equity.
On September 1, David Law will join Standard Chartered as the managing director and regional head of the origination and client coverage (OCC) team for the Middle East and North Africa (Mena). Law will report to V. Shankar, member of the Standard Chartered group management committee and group head of origination and client coverage.
Standard Chartered has appointed Tee Choon Hong as managing director, regional head of capital markets for North East Asia. Tee is based in Hong Kong and will report directly to Christian Wait, global head of capital markets.
The Bank of New York Mellon (BNYM) has further strengthened its treasury services operations across Europe, the Middle East and Africa (EMEA), with new appointments in Brussels, Frankfurt, Cairo and London.