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Lecler appointed for alternatives

Olivier Lecler has been appointed chief executive officer of SGAM Alternative Investments, effective June 1, 2008. Lecler joined Société Générale Group in 1996 as Strategic Studies Manager in the Finance and Development Division and in 1999 was appointed…

Mekhail to head Gatehouse Wealth

Mourad Mekhail has been appointed managing director of Institutional Wealth Management at Gatehouse Bank, the sharia-compliant wholesale investment bank. Mekhail reports directly into Ewa Gracey, Head of Distribution.

Rockefeller and SG Private Banking link up

Wealth management firm Rockefeller Financial Services and SG Private Banking will work together to service ultra high net worth individuals and family offices around the world. Both companies will also continue their own ongoing business activities.

Latham & Watkins hires derivatives expertise

Latham & Watkins has appointed Witold Balaban as a partner in its corporate department, who leaves rival New York firm Davis Polk and Wardwell to take the role. Balaban's role at Latham will see him focus on both equity derivatives and cross-border…

Deutsche Bank hires Victor Chao in Taiwan

Deutsche Bank Private Wealth Management has appointed Victor Chao as head of private wealth management, Taiwan. Chao, who is based in Taipei, will be responsible for managing and overseeing the franchise in Taiwan and will report to Kenneth Toong, head…

AIG replaces CEO after subprime losses mount

US insurance firm American International Group (AIG) has replaced its chief executive officer, Martin Sullivan, after reporting billions in losses caused by turbulent credit market conditions.

Lehman removes president and CFO as share plunge continues

Troubled Wall Street firm Lehman Brothers, still reeling from the announcement that it expects to report a $2.8 billion loss for the second quarter, its first quarterly loss since going public 14 years ago,  has relieved two senior managers of their…

New Iosco chief confirmed

Michel Prada, president of the Autorité des Marchés Financiers - the French regulator - has stepped down from his additional role as chairman of the technical committee for the Madrid-based International Organisation of Securities Commissions (Iosco).

Jacquard joins BNP

Benjamin Jacquard has joined BNP Paribas as its new global head of structured credit and arbitrage trading.

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