The Business Journal reports that the deals represent $43bn in volume, up from 162 deals worth $35.8bn in 2011.
In the meantime, Bloomberg reports that Citigroup’s Carlos Gutierrez, the vice chairman of its institutional clients group, resigned to become chairman of Republicans for Immigration Reform.
Gutierrez, 59, who led the Commerce Department under President George W. Bush, helped to found the super-political action committee last year. Born in Havana, Gutierrez joined New York-based Citigroup in December 2010 and worked in a division that includes the lender’s trading, investment-banking and corporate lending operations.
And The Financial Times reports that Oriel Securities’ CEO has abruptly resigned from the stockbroking group over 'strategic differences', in the latest example of the challenges being faced by companies in the sector.
Bloomberg reports that Seaport Group, the New York-based credit-market brokerage, hired David L. Troyer from Lazard Capital Markets LLC as a managing director to handle high-yield debt research tied to chemicals and industrial companies.
Troyer, 46, was ranked No. 1 by Institutional Investor Magazine for 11 consecutive years, according to a statement today from Seaport. He had worked at Credit Suisse Group AG (CSGN) for about eight years prior to his stint at Lazard Capital, industry records show.
Finally, Deutsche Bank co-chief executive Anshu Jain will likely not be sacked as a result of the investigations into the bank for manipulating Libor interbank rates, three people with knowledge of the matter told Reuters.