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Top firm cuts CEO bonus after fine

Pair Of Scissors

ICAP cut CEO Michael Spencer’s bonus 75% after profit missed targets and the interdealer broker paid a fine to settle a probe by British and U.S. regulators into Libor-rigging.

Nomura launches office in Dubai

Dubai

Japanese fund manager Nomura Asset Management (NAM) has launched an office in Dubai International Financial Centre (DIFC) as part of its ongoing commitment to the Middle East.

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Barclays Canary Wharf

People News: Barclays, Goldman Sachs

Barclays is losing another member of its debt team as Mark Bamford, the head of the firm’s global fixed-income syndicate, is leaving 'to pursue other opportunities', the company said in a internal memo.