Top Investment Banking News for 04/27/2009

UBS investment banking chief steps down - MarketWatch
LONDON (MarketWatch) -- Swiss bank UBS said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, ...

Risk appetite is back: HSBC Pvt Banking (NDTV)
From global perspective risk appetite seems to have remerged to some extent. The good thing from a broader view is that things are probably looking less bad, said Ajay Loganandan, head, Investment Advisory Group, HSBC Private Banking...

Head of UBS Investment Bank Unit Steps Down (New York Times)
The Swiss bank UBS , which has written off more than $50 billion since the start of the credit crisis, said Monday that the head of its investment banking unit, Jerker Johansson, is stepping down EUR” marking the fourth time that business has changed bosses in the last 18 months, The New York Timess David Jolly and Lynnley Browning reported...

DEALWATCH: Formulaic Stress Tests Miss Human Risk - CNNMoney.com

Straits Times

DEALWATCH: Formulaic Stress Tests Miss Human Risk
CNNMoney.com
Prior to the termination of Thain's employment, Lewis had surprised Bank of America employees when he discharged the head of investment banking, a man company insiders had expected to be named their next chief executive. Thain's predecessor at Merrill .
Video: Inside Look - Ken Lewis's Obligation - Bloomberg Bloomberg

Pressure intensifies for Lewis, Bank of America board members WFAE.org
Key vote at BofA stirs up hostility CharlotteObserver.com
Reuters
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PM's financial liberalisation will boost investment, banking . - New Straits Times

BBC News

PM's financial liberalisation will boost investment, banking .
New Straits Times, Malaysia
He also pointed out that it would help generate more business for local banks and improve staff efficiency for better services. His view was echoed by Wong Chew Hann, an analyst with Maybank Investment Bank. Wong said the move was positive for the long .
Malaysia to let foreigners hold up to 70 percent of insurers . Los Angeles Times
Malaysia Raises Foreign Limits as Najib Opens Economy Bloomberg
Malaysia Retools Finance Wall Street Journal
Malaysia Star - Reuters
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Deutsche Bank Chief's Contract Extended After Navigating Crisis - Bloomberg

AFP

Deutsche Bank Chief's Contract Extended After Navigating Crisis
Bloomberg
EURœAckermann has best exemplified the company's strategy of both pursuing investment banking and expanding retail banking. Overall, it's not a bad move.EUR Deutsche Bank, which reports first-quarter earnings today, may post net income of 773 million euros .
Deutsche Bk To Extend Ackermann Contract Until '13 AGM Wall Street Journal
Deutsche extends Ackermann's contract Financial News (subscription)
Bankers Said To Be In 'Revolt' Over Bonuses Here Is The City
Independent
all 48 news articles

(AFX UK Focus) 2009-04-27 06:33 UPDATE 1-UBS names co-CEOs of investment banking unit (Interactive Investor)
ZURICH, April 27 (Reuters.com) - UBS on Monday named Alex Wilmot-Sitwell and Carsten Kengeter as co-chief executives of its investment banking unit. They will replace Jerker Johansson, who joined UBS in March 2008 and who has resigned from the role as CEO of the investment bank with immediate effect...

UBS investment banking chief resigns · Finance Yard
Swiss bank has now been overtaken by Credit Suisse as the country's biggest after its investment bank again drove it into a first quarter loss of Sfr2bnSwiss...

UBS replaces investment banking head (Reuters via Yahoo! UK & Ireland News)
UBS replaced on Monday the head of its troubled investment bank, Jerker Johansson, in a management reshuffle that underlines CEO Oswald Gruebel's resolve to stem persistent losses...

Citadel Investment CEO Advocates Private Capital Over Govt - Wall Street Journal

Citadel Investment CEO Advocates Private Capital Over Govt
Wall Street Journal
He added, "The government needs to get out of the role of picking 'winners and losers' in banking." The government needs to stop the "one-off solutions" for Citigroup Inc. (C) and Bank of America Corp. (BAC) and create an overall picture of what the .

UBS replaces investment banking head
europe UBS replaces investment banking head 01:13 ZURICH, April 27 (Reuters.com) - UBS (UBSN.VX) (UBS.N) on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining ...

FOXBusiness: UBS Investment Banking Chief Quits (Fox News)
LONDON -- Swiss bank UBS said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, who will be co-CEOs of the division...

New FDI norms may be revised for banking sector (Business Standard India)
To avoid problems for Indian banks with majority foreign equity. The new foreign direct investment (FDI) guidelines may be revised with respect to the banking sector to avoid an adverse fallout for Indian banks with majority foreign equity...

Hiring: Investment Banking Summer Internship - New York, NY
Investment Banking Summer Internship - New York, NY Description: NYC based investment bankis seeking highly motivated individuals for its summer internship program. Interns will call prospective clients, arrange intervi...

Investment | UBS names co-CEOs of investment banking unit .
UBS names co-CEOs of investment banking unitReutersN) on Monday named Alex Wilmot-Sitwell and Carsten Kengeter as co-chief executives of its investment banking unit. They will replace Jerker Johansson, who joined UBS in March 2008 and ...

Global changes focus after losses - The National

AFP

Global changes focus after losses
The National, United Arab Emirates
At the end of last year, Global had made 45.2m dinars on its investment banking, asset management and brokerage arms, but still took a 257.6m dinar overall loss for the year because of declines in the value of investments that the company made on its .
Investment banking fee rise fails to bolster Kuwaiti bank Financial News (subscription)
Global FY '08 Net Loss KWD257.6M Vs KWD91.4M Pft Zawya
KSE rebounds 0.8 percent over high expectations on govt's bailout plan Arab Times
Zawya
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New UBS reshuffle claims investment banking head
north america New UBS reshuffle claims investment banking head 02:50 UBS (UBSN.VX) (UBS.N) on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald ...

EU Investment Rules May Expand to Banking, Insurance (Update1) (Bloomberg)
April 27 (Bloomberg) -- The European Union plans to broaden investor-protection rules for mutual funds, insurance policies and bank savings accounts in an effort to close regulatory gaps and boost confidence...

Financial News: RBS Snubs Govt Inquiry Into Pay And Bonuses - Wall Street Journal

Financial News: RBS Snubs Govt Inquiry Into Pay And Bonuses
Wall Street Journal
She said: "We are pursuing this matter and expect the banks to respond." The report could also be held up by a lukewarm response to the inquiry from the investment banking community. Only 11 investment banks in the UK responded to a separate and .
Totaling Up the Bonus Plunge at Goldman Sachs Wall Street Journal Blogs
Banks Snub UK Inquiry Into Pay, Bonuses Wall Street Journal
all 9 news articles

Is Bear's Alan Schwartz headed to Goldman Sachs? - CNNMoney.com

CNNMoney.com

Is Bear's Alan Schwartz headed to Goldman Sachs?
CNNMoney.com
Indeed Schwartz is not expected to have any management role at Goldman as management never had much appeal to him, not even when he was at Bear Stearns, where he served as head of investment banking and as a member of the firm's five-member executive .
Goldman Sachs Hiring Bear Stearns' Alan Schwartz (GS) The Business Insider
all 3 news articles

New UBS reshuffle claims investment banking head (Washington Post)
ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

Global investment banking chief poised to quit UBS
UBS is on Monday likely to declare the exit of Jerker Johansson, global chief of its investment bank, in one of the most high-profile changes at the Swiss bank since Oswald GrÃ¼bel's appointment as chief executive in February, ...

STOCKS NEWS US-UBS replaces head of investment banking unit - Forbes

STOCKS NEWS US-UBS replaces head of investment banking unit
Forbes, NY
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UBS Investment Banking Chief Steps Down (Fox News)
UBS Investment Banking Chief Steps Down..

UBS investment banking chief steps down - MarketWatch

MSN Money UK

UBS investment banking chief steps down
MarketWatch
By Simon Kennedy , , ) said Monday that Jerker Johansson, the CEO of its investment banking arm, has resigned with immediate effect. The bank said Johansson will be replaced by Alex Wilmot-Sitwell and Carsten Kengeter, who will be co-CEOs of the .
Turmoil continues at UBS as investment bank head is ousted after . guardian.co.uk
UBS appoints investment bank co-CEOs Business Standard
No Tears For UBS' Johansson Forbes
Swissinfo - Financial Times
all 103 news articles

First Community eyes investment banking | Opalesque Islamic .
The fully-fledged Islamic bank said it has applied to the Capital Markets Authority (CMA) for an investment banking licence to tap deals in Islamic structured finance, issuing of bonds and overseeing mergers and acquisitions. ...

NewsDaily: New UBS reshuffle claims investment banking head
UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

New UBS reshuffle claims investment banking head
ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses. See more here: ...

New UBS reshuffle claims investment banking head (Reuters via Yahoo! News)
UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel's resolve to stem persistent losses...

MOVES-Cowen, Sagent, Blackstone, Moelis - Forbes

MOVES-Cowen, Sagent, Blackstone, Moelis
Forbes, NY
Switzerland's largest bank by assets named Alex Wilmot-Sitwell, a veteran UBS banker to replace the head of its troubled investment banking unit, Jerker Johansson. The provider of international asset management services named Roy Tashi as executive .

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