Refinitiv’s chief executive David Craig is to step away from his role at the London Stock Exchange Group at the end of this year.
Craig currently serves as the London bourse operator’s group head of data and analytics. He will be replaced by Andrea Remyn Stone, LSEG’s chief product officer as of 1 July, and remain with the firm as an adviser until the end of the year. LSEG purchased Refinitiv following a $27bn all-stock deal in 2019, though the process took two years to complete amid regulatory scrutiny and pandemic-driven delays.
Vice chair of financial services for KPMG Kay Swinburne has been appointed to chair the International Regulatory Strategy Group. Swinburne, a former MEP and vice chair of the European Parliament’s economics and monetary affairs committee, will take over from ex-City Minister Mark Hoban. The group, which is co-sponsored by lobby group TheCityUK and governing body the City of London Corporation, is focused on promoting regulation that encourages open and competitive global markets. Its current priorities include the UK’s regulatory framework post-Brexit.
Morgan Stanley’s global head of prime brokerage, Edward Keller, is stepping down from his role to deal with a personal health issue, the bank said in an internal memo on 24 May. The bank named Penny Novick and Kim Shaw as global co-heads of prime brokerage to succeed Keller. The pair are the first women Morgan Stanley has named to run prime brokerage globally.
Ann Grewar joins Addleshaw Goddard as a partner from law firm LOGOS, where she led their London Corporate team. She advises a wide range of clients on M&A, joint ventures, private equity and venture capital investments and other corporate matters, with a particular emphasis on cross-border transactions into and out of the Nordic regions.
Zadig Asset Management has appointed Luc Pez, joining Louis Larère as co-fund manager for the Oyster Sustainable Europe fund. Pez brings thematic expertise to Zadig’s Sustainable Europe Strategy. He will notably reinforce the fund’s competitive edge by adding the capacity to invest in sectors typically ignored by SRI investors such as mining, energy and basic resources.
Invesco’s Victoria Stanley joined AustralianSuper as an investment director in its London property team. Stanley has 16 years of investment and asset management experience in UK real estate markets across a breadth of commercial and residential sectors. Most recently she focused on the UK residential sector as the investment manager for the Invesco Real Estate UK Residential Investment fund.
Olle Lundqvist is joining Alvarez & Marsal as managing director, to head the firm’s private equity performance improvement covering the Nordic region. Lundqvist previously worked at Platinum Equity where he most recently served as a senior vice president for M&A Operations in London.
Railsbank has appointed Ben Smith as general manager for Australia as it expands across the Asia Pacific region. He will be responsible for managing the strategic direction of Railsbank in the Australian market, particularly the growth of embedded finance. He will also oversee and strengthen Railsbank’s partnerships with customers and key stakeholders, as well as focusing on the strategic development of products and operations.
And Deutsche Bank is moving a quarter of its staff at its UK corporate bank from London to offices in the European Union and Asia following Brexit.
The roles of 100 London-based bankers are being made redundant, and moving instead to Dublin, Berlin, Frankfurt and cities across Asia, the Financial Times reported citing anonymous sources. Those who have the right to work in the EU can reapply for their jobs, but would see their pay slashed by 25%.
Analysis by Financial News found that the number of senior European bankers at major banks in London has dropped by almost a third since 2016.
To contact the author of this story with feedback or news, email Justin Cash