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