Appointments news round-up

Published: May 4, 2017

SG’s Moran says goodbye to bonds

Veteran DCM banker to manage UK natural resources and utility sectors.

Societe Generale’s Brendon Moran has left the bond markets behind after being appointed as the French banks’ senior banker for UK natural resources and utilities in its coverage and investment banking business.

In the position, Moran will be responsible for Societe Generale’s relationship banking efforts in the UK natural resources and utilities sectors. 

The job will include a broad remit of investment banking products such as M&A, initial public offerings and equity capital market fund raising, according to a source at the French bank.

Moran starts in his new position on May 1, and will mainly focus on UK-based multinational corporates. He will be based in London and report to Sadia Ricke, UK group chief country officer and UK head of coverage and investment banking.

Moran succeeds Dania Seiglie, who is retiring after almost 40 years spent in banking, with 23 of those spent working at Societe Generale.

Before switching to a relationship management role, Moran was Societe Generale’s global co-head of corporate origination, debt capital markets, a position he held since 2010. 

His fellow co-head, Felix Orsini, remains in the position and a replacement “will be announced in due course,” Societe Generale said in a statement. 

Before joining Societe Generale, Moran was responsible for capital structuring and advisory activity for Europe at ABN Amro. He has also held positions at Deloitte & Touche, Bank of America and Westpac Banking Corporation.

Francis joins Citi’s EMEA levfin team

Simon Francis has left Credit Suisse to join Citi as co-head of the US bank’s leverage finance business for Europe, the Middle East and Africa. He was previously head of leverage finance capital markets at Credit Suisse. 

Francis will report to Philip Drury, Citi’s head of capital markets origination for EMEA. 

As well as hiring Francis, Citi has also initiated a spate of promotions in the bank’s capital management and loans business. Richard Basham is now Citi’s new head of global capital management for EMEA. Basham is well known in the syndicate loan market, previously working as head of EMEA leverage finance and loans. 

Meanwhile, Paul Gibbs and Rizwan Shaikh have been made co-heads of EMEA loans. Gibbs, who has been with the US bank for more than 20 years, was until now head of Western European loans, while Shaikh, who has been with the bank for 19 years, was most recently head of Central and Eastern Europe, Middle East and Africa loans. 


Nenashev joins Sberbank in commodities drive

Sergey Nenashev has switched VTB Capital for Sberbank to become head of physical metals trading at the corporate and investment arm of Russia’s biggest lender, as Sberbank looks to push deeper into commodity trading.

Nenashev will report to Sergio Soler, Sberbank’s head of metals trading. Before the move, Nenashev was head of precious metals at VTB Capital. He has also worked on the commodity trading desk of Natixis. Commodity trading has been labelled a “strategic pillar” by Sberbank. 

In September 2016, the bank became a member of Shanghai’s gold exchange.

“Sberbank CIB has strong ambitions to further grow its physical precious metals business in Zurich,” said Andrey Shemetov, the bank’s head of global markets, in a statement. “For this reason, membership of the SGE is a strategic milestone for the business and a significant step in expanding the scope of our own operations.”


Barclays picks bosses for new unit

Barclays has announced the leadership team for a newly created unit that will be responsible for managing capital and financing resources, as well as improving returns, in its investment banks and other parts of its international business.

The unit, called Financial Resource Management, is headed by Art Mbanefo, who until now was Barclays’ head of markets for Europe and Asia. 

Other senior Barclays bankers who have been moved onto the leadership team include Nick Brand, Simon Fawcett, Tim Hartzell, Al Hodge, Andrew Kellner, David Lohuis, Syed Raza, Raviv Shtaingos, David Simpson, Merritt Thomas, Esra Turk, and Sarah Wang. 

Barclays, which is in the midst of a major withdrawal from Sub-Saharan Africa through selling off its Absa stake, in March 2017 set up a unit called Financial Resource Management to consult on financing and structuring activity in Barclays’ international business. 

Tim Throsby set up the unit after becoming head of Barclays International in January 2017.

The unit wants to “dynamically manage and allocate financial resources”, a memo sent to Barclays employees said. 


Morgan Stanley launches EMEA coverage team

Morgan Stanley has created a coverage group in its Europe, Middle East and Africa fixed income capital markets business. The group will be led by Cecile Hillary, who until now was the co-head of the US bank’s financial institutions group. In the new job, Hillary will be responsible for delivering EMEA clients all aspects of fixed income capital markets products and advice.

Hillary joined Morgan Stanley in 2010, and has been covering a number of large UK, Irish and German banks on debt products. Prior to this she worked at JPMorgan for 13 years in roles including securitisation, capital markets, advisory and derivatives.