Barclays Departure, Lazard Hire, Standard Chartered FI Banker, UBS New Job

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Michael Helou, a Barclays banker who headed the British lender's financial institutions group in the Middle East and North Africa, has resigned from the bank, three sources aware of the matter told Reuters.

 The news agency reports that Helou was brought in by Barclays' investment banking arm, Barclays Capital, from Rothschild in 2010 to lead the division which advises banks and other financial institutions in the region on mergers and acquisitions, fixed income and equity capital markets transactions.

And Lazard will hire Ken Oliver Fritz, the head of investment banking for Germany at Credit Suisse to become the co-head of its own German business, according to people familiar with the situation.

Bloomberg reports that Fritz will succeed Alexander Doll, who was hired by Barclays in August, the people said, asking not to be identified before an official announcement. He’ll work alongside Eric Fellhauer, the chief executive officer of Lazard’s German business, they said.

In the meantime, The Wall Street Journal reports that Standard Chartered has appointed a new head for its financial institutions coverage in Southeast Asia, according to a statement Monday.

Petter Sternby joined Standard Chartered on April 8 in his new role, based in Singapore.

Finally, Reuters IRF reports that the former head of European credit flow trading at UBS, Yassir Benjelloun-Touimi, has left the Swiss bank to set up a new hedge fund, sources familiar with the matter said on Monday.

The new fund, Arcade Capital Partners, is expected to be $150m in size and will focus on the most liquid part of the market, one of the sources said.

Barclays' senior MENA financial institutions banker departs - sources

Lazard Is Said to Hire Fritz From Credit Suisse for Germany

Standard Chartered Hires Southeast Asia Financial Institutions Head (subscriber content)

Former UBS credit trading head sets up new hedge fund - sources

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