Former Swiss private banker Rudolf Elmer was found guilty on Wednesday of charges including violating bank secrecy and attempted coercion. He was ordered to pay fines and was re-arrested shortly afterward on new charges.
Posts Tagged ‘banker’
Banker admits giving information to WikiLeaks
January 19th, 2011 |
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Former Swiss Banker Rudolf Elmer (55) admitted sending confidential client information to the tax authorities.
Elmer, who claims he gave WikiLeaks information about 2,000 offshore accounts, has denied threatening his former employer Julius Baer bank.
JPMorgan hires RBS banker as Asia Corp Bank CEO: Update
December 20th, 2010 |
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JPMorgan’s <JPM.N> corporate bank has hired a senior banker from Royal Bank of Scotland <RBS.L> as its new Asia chief executive, as it seeks more business growth from emerging economies.
Muhammad Aurangzeb, who was last head of global banking and markets for RBS in Southeast Asia as well as country executive for Singapore, will join the US bank in February, a JPMorgan spokeswoman confirmed in an email to Reuters.
JPMorgan hires RBS banker as Asia Corp Bank CEO
December 20th, 2010 |
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JPMorgan’s <JPM.SI> corporate bank has hired a senior banker from Royal Bank of Scotland <RBS.L> as its new Asia chief executive.
Muhammad Aurangzeb, who was previously head of global banking and markets for RBS in southeast Asia as well as country executive for Singapore, will join the US bank in February, a bank spokeswoman confirmed in an email to Reuters.
VTB Capital names ex-UBS banker Judy Lim CEO of Singapore unit
November 23rd, 2010 |
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VTB Capital, Russia’s largest largest equity and debt underwriter this year, named Judy Lim chief executive officer of its Singapore unit.
Lim, a former banker at UBS AG and Morgan Stanley, joined VTB last year as head of global markets distribution in Asia, the Moscow-based bank said in a statement today.
She will report directly to VTB President Yuri Soloviev.
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Deutsche names ex-DBS banker Raju CEO for DWS Asia
September 1st, 2010 |
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Deutsche Bank (DBKGn.DE) said on Wednesday its DWS Investments unit has appointed Rajan Raju as CEO for Asia as well as global head, DWS Solutions.
Raju, the former head of consumer banking at Singapore’s DBS (DBSM.SI), will be report to Ingo Gefeke, global head of distribution and product management at DWS Investments.
DWS is the brand name for all mutual funds offered by Deutsche Asset Management. Raju is leaving DBS after 11 years with the bank.
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Germany banker condemned for “racist” book
August 31st, 2010 |
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The German government has condemned an official with the country’s central bank on the publication of his book on immigration issues. Bundesbank board member Thilo Sarrazin’s book, Germany Abolishes Itself, states that Muslim immigrants refuse to integrate.
Credit Suisse to switch NY-based banker to Singapore
June 11th, 2010 |
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Credit Suisse (CSGN.VX) is moving a senior banker, who led its global structuring group in fixed income in New York, to a new role in asset management in Singapore.
Sudip Thakor, who will be initially based in New York as head of global emerging markets products in the asset management division, will move to Singapore in his new role next year, according to an internal note seen by Reuters.
Standard Chartered ordered to pay banker it fired on first day
April 22nd, 2010 |
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Standard Chartered Plc was ordered by Singapore’s High Court to pay Fermin Aldabe for wrongful dismissal after the lender’s global senior risk manager said he would resign on his first day on the job.
The London-based bank must pay Aldabe at least $40,333 including one month’s salary of S$27,500 and his wage from Nov. 17 to Nov. 30, 2008, Justice Steven Chong said in his judgment today. Aldabe was fired after saying he’d resign when told he wouldn’t be paid for a two-week period before the start date stipulated in his offer letter.
Senior Goldman Asia banker Sinha to retire
April 13th, 2010 |
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Goldman Sachs (GS.N) co-head of investment banking for Asia, Ravi Sinha, is retiring from the bank in June and will be replaced by David Ryan, currently the investment bank’s chairman for Southeast Asia, a source familiar with the move said on Tuesday.
DBS may gain on news Peter Seah to be new Chairman
March 22nd, 2010 |
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DBS (D05.SG) may gain on appointment of veteran Singapore banker Peter Seah as lender’s new chairman from May 1, replacing Koh Boon Hwee. Seah, a banker for 33 years, retired in 2001 as CEO, vice-chairman of Overseas Union Bank after UOB (U11.SG) acquired it that year.
UBS’s senior Asian investment banker resigns
March 10th, 2010 |
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UBS’s (UBSN.VX) joint head of equity capital markets and a 10-year veteran at the bank, Sutha Kandiah, has resigned, a source with knowledge of the move told Reuters on Wednesday.
Kandiah, who was based in Singapore, oversaw multi-billion dollar equity deals in the region such as Malaysia’s Maxis’s (MXSC.KL) US$3.3 billion ($4.6 billion) IPO and share sale of Southeast Asia’s biggest bank DBS (DBSM.SI). In the past, he also headed Japan’s equity capital market team.
Banker keeps job after web gaffe
February 7th, 2010 |
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An Australian banker caught viewing risqué photos of a top model on live TV can keep his job, the bank said, after the beauty backed an internet campaign to support him. Macquarie Bank said it had decided not to sack broker David Kiely following an internal review, in which he was shown clicking
FDIC Votes 3-2 to Limit Banker Compensation
January 12th, 2010 |
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A source in Washington just emailed the following:Today, the FDIC voted 3-2 to accept comments on a proposed rule to link FDIC insurance premiums to executive compensation practices. The two no votes were Comptroller John Dugan and OTS Chief John Bowm…
FDIC Votes 3-2 to Limit Banker Compensation
January 12th, 2010 |
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A source in Washington just emailed the following:Today, the FDIC voted 3-2 to accept comments on a proposed rule to link FDIC insurance premiums to executive compensation practices. The two no votes were Comptroller John Dugan and OTS Chief John Bowm…
Retired banker to live on deserted island for 1 month to quit smoking
August 1st, 2009 |
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A retired senior Brit banker has decided to live on a deserted island for a month in a bid to quit smoking.
Geoff Spice, 56, from Surrey, started smoking 43 years ago while working as a paperboy, after stealing some cigarettes from the shop where he was working.
Spice has now decided to become a castaway on [...]
P.G. Sittenfeld: From Lehman to Landscaping: A Laid-Off Banker, One Year Later
July 13th, 2009 |
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After losing my job, I watched Lehman’s stock price until the whole ship went under last fall. I needed a new source of income, so I moved to Dublin, Ohio to work for a lawn care company.