Citigroup has named Lars Ingemarsson and Ari Makela as co-heads of investment banking for the Nordic region.
Reuters reports that Ingemarsson, who is based in Stockholm, joined Citi in 2011 from JP Morgan, and has previously focused on the Swedish market. Makela, who will stay in Helsinki, joined the bank the same year from Deutsche Bank and has focused on the Finnish market.
In the meantime, the news agency also reports that Jefferies has hired Dai Clement and Lorna Shearin from Royal Bank of Canada to develop its power, utilities and infrastructure business, as part of a wider investment banking expansion, banking sources said on Tuesday.
Dai Clement will become global head of power, utilities and infrastructure investment banking at Jefferies, while Lorna Shearin will be the European head from April. Both will be based in London, the sources told Reuters.
Finally, Bloomberg News reports that HSBC has made a slew of hires from rivals including Goldman Sachs as the bank revamps its equities business in the Asia-Pacific region and expands a nascent majority-owned securities venture in China, people familiar with the matter said.
Among the recent additions are Michael Parry, who joined from Goldman Sachs as a director focused on Asian equity sales, the people said, asking not to be identified. Other hires include Liu Kang, who was at Goldman Sachs’s Chinese partner Beijing Gao Hua Securities Co., and Jimmy He, who joined HSBC’s equity sales team from China International Capital Corp. last month, the people said. Both Liu and He will focus on the mainland, they added.