Citi hires JPMorgan asset management executive for Asia equities business

HONG KONG (Reuters) – Citigroup (C.N) said on Thursday it has hired Curt Engler, a senior executive from JPMorgan’s (JPM.N) asset management business in New York, as its Asia Pacific head of equities execution services. Based in Hong Kong, Engler will oversee all execution desks for Citi’s cash equities business in 12 markets across Asia Pacific and will also be […]

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Australian sovereign fund criticizes NAB's leadership change

SYDNEY (Reuters) – The head of Australia’s sovereign wealth fund criticized National Australia Bank Ltd on Monday for the double resignation of its CEO and chairman after a misconduct inquiry, saying it was “not good practice” for both to go at once. The comments from Future Fund Chairman and former federal treasurer Peter Costello put Australia’s big banks on notice […]

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Renault names Ghosn stand-ins amid tension over Nissan probe

PARIS/TOKYO (Reuters) – French carmaker Renault tapped its chief operating officer and a senior board member to fill in for embattled boss Carlos Ghosn, after an investigation by alliance partner Nissan led to his arrest on suspicion of financial misconduct. Thierry Bollore, Ghosn’s operational second-in-command, will become deputy chief executive, while lead independent director Philippe Lagayette assumes the function of […]

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