Friday, August 21, 2009

“UPDATE 1-MOVES-Morgan Stanley, ANZ, Deutsche Bank - Reuters” plus 4 more

“UPDATE 1-MOVES-Morgan Stanley, ANZ, Deutsche Bank - Reuters” plus 4 more


UPDATE 1-MOVES-Morgan Stanley, ANZ, Deutsche Bank - Reuters

Posted: 21 Aug 2009 06:05 AM PDT

(Adds Deutsche Bank)

Aug 21 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, e-mail moves@thomsonreuters.com.

DEUTSCHE BANK (DBKGn.DE)

Deutsche Bank Private Wealth Management said it appointed Melanie Cassoff, Neil Murray, Robin Perry, Natasa Williams and Andreas Wichmann as directors. It also appointed Joe Knight and Beatrice Rates as vice president and assistant vice president, respectively.

Cassoff, Williams and Rates join from UBS, while Wichmann and Knight most recently worked at Credit Suisse.

MORGAN STANLEY (MS.N)

Morgan Stanley is planning to hire as many as 400 traders and salespeople, a hiring spree that comes as the firm tries to dig its way out of three straight quarters of losses. [ID:nN20534650]

AUSTRALIA & NEW ZEALAND BANKING GROUP (ANZ.AX)

Robert Jewell and Steve Smith have joined Australia & New Zealand Banking Group as director and senior dealer respectively in the bank's balance sheet trading unit, ANZ said. [ID:nSYD526556]

DEUTSCHE BANK (DBKGn.DE)

Deutsche Bank said it has appointed Lok Yim to head its North Asia Business and Ajay Jaiswal as group head for Global South Asia. (Compiled by Abhishek Takle in Bangalore)



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Global Consumer may buy Colonial Bank assets - Forbes

Posted: 21 Aug 2009 08:06 AM PDT


NEW YORK --

Global Consumer Acquisition Corp. said late Thursday it is in discussions with BB&T Corp. to purchase a portion or all of Nevada assets acquired from Colonial BancGroup Inc.

Colonial BancGroup, a big lender in real estate development, was closed last Friday by Alabama banking regulators. With about $25 billion in assets, it was the biggest U.S. bank to fail this year.

The Federal Deposit Insurance Corp. was appointed receiver and approved the sale of $20 billion in deposits and about $22 billion of its assets to BB&T Corp.

If the deal for Global Consumer to buy the Nevada assets is worked out, the company would be renamed Western Liberty Bancorp. Its focus would be on conservative business and commercial real estate lending, consumer lending, treasury management services, trade finance and depository products.

BB&T, based in Winston-Salem, N.C., operates throughout the Southeast and is considered among the nation's stronger regional banks.

Global Consumer is a $300 million company formed by investment manager Jason Ader to acquire consumer products and services companies.

It completed an initial public offering in November 2007.

Ader is CEO of Hayground Cove Asset Management, a New York-based hedge fund, with holdings in casino, restaurant and resort businesses.

Shares were unchanged at $9.82 in morning trading. They've traded between $8.37 and $10 in the past year.

Colonial BancGroup was a major lender to developers in Florida and Nevada and was hit hard by the collapse of the real estate market in those states. It was the sixth largest bank to fail in U.S. history.

Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed



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Crescent Banking Company, CSNT, Announces 2nd Quarter Financial ... - Transworld News

Posted: 21 Aug 2009 07:02 AM PDT



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Raymond James Ltd. Hires Jeremy Rakusin As Head of Mergers and ... - CNW Group

Posted: 21 Aug 2009 07:59 AM PDT

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Raymond James Ltd. Hires Jeremy Rakusin As Head of Mergers and Acquisitions, Investment Banking


 TORONTO, Aug. 21 /CNW/ - Investment dealer Raymond James Ltd., the
 Canadian arm of North American investment dealer Raymond James Financial Inc.,
 today announced that industry veteran, Jeremy Rakusin, will join the firm
 effective September 9, 2009. Jeremy assumes a newly created position on the
 firm's Canadian Investment Banking team as Managing Director and Head of
 Mergers and Acquisitions.
 "Jeremy will play an integral role in providing strategic leadership to
 take our mergers and acquisitions capabilities to a higher level," says Paul
 Allison, President and Chief Executive Officer, Raymond James Ltd. "His focus
 will be to leverage the unique domestic and cross border mergers and
 acquisitions expertise of Raymond James and deepen relationships with Canadian
 corporate clients."
 Jeremy is a seasoned industry professional. Over the past three years he
 has served as a senior officer and Portfolio Manager of Trapeze Capital. Prior
 to joining Trapeze, Jeremy was Director of Global Markets and Investment
 Banking, Mergers and Acquisitions at Merrill Lynch Canada where, over a
 nine-year period, he played a senior leadership role in many of the nation's
 most significant M & A transactions.
 "Jeremy has earned a solid reputation for his ability to support
 corporate clients with innovative ideas and value added growth solutions,"
 says Allison. "We are confident he will deliver the same high quality results
 as a key partner in helping us achieve our strategic goals for building our
 mergers and acquisitions business in Canada."
 
 Raymond James is a leading North American independent full service
 investment dealer offering a full range of professional investments and
 products including: private client service, financial and estate planning,
 portfolio management, insurance, equity research, investment banking and
 institutional sales and trading. Through its network of approximately 4,800
 Financial Advisors in Canada, the United States and key international centres,
 Raymond James serves more than 1.3 million individual investors and families
 and manages more than $220 billion in client assets under administration. For
 more information about Raymond James, please visit our web site at
 www.raymondjames.ca
 
 
 
For further information: Peter Kahnert, Senior Vice President, Corporate Communications and Marketing, (416) 777-7052, peter.kahnert@raymondjames.ca; Raymond James Ltd., 5300-40 King Street West, Scotia Plaza, Toronto, Ontario, M5H 3Y2, (416) 777-7000 Phone, (416) 777-7020 Fax, Member of Canadian Investor Protection Fund 


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Mexico Central Bank Keeps Its Rate Unchanged at 4.5% (Update1) - Bloomberg

Posted: 21 Aug 2009 07:52 AM PDT

[fivefilters.org: unable to retrieve full-text content]

Aug. 21 (Bloomberg) -- Mexico's central bank kept its benchmark interest rate unchanged for the first time in eight months today and said it will "extend the pause" in borrowing costs amid an economic recovery. The bank's five-member board ...

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