Swap Places: Citigroup Creates Clean Energy Team, JPMorgan Takes Former Barclays Boss Jenkins



Marie-Christine Olive and Philip ten Bosch have been named co-heads of the natural resources and clean energy transition group in Europe, the Middle East and Africa, according to a memo seen by Financial news.

Doug MacKenzie will be president of the new Citigroup unit. Ten Bosch, who also retains his role as global head of the energy investment bank, said the bank would initially hire up to 10 traders for the group and see a significant opportunity for growth.

Who said there is no second act in finance? JP Morgan brings in old people Barclays the new business of chef Antony Jenkins at help build its Chase digital banking brand.

10x Bank, which Jenkins founded shortly after his ouster in a Barclays coup in 2016, has already helped Chase build his retail platform. But the bank still faces stiff competition from fintech startups like Monzo, Starling Bank, and Revolut.

Jacqueline Chasse, Allianz SE senior asset management executive, retires from his daily role following the launch of an American investigation into the losses suffered by the funds managed by the company. She oversaw life insurance businesses including Allianz Global Investors and Pacific Investment Management. Andreas Wimmer, head of the life insurance business of the Munich-based company in Germany, will succeed him.

Jefferies hiring Goldman Sachs banker Enrico Magnifico leading a new push into strategic equity capital markets in Europe. Often referred to as strategic equity solutions, these are tailor-made products, such as margin loans or more complex hedging transactions that help companies protect the value of their assets. Few agreements are made public.

The City of Londonelected its 693rd Lord Mayor. DLA Piper Partner Vincent Keaveny will serve a one-year term, succeeding William Russell.

In Brussels, the new head of the main market regulator of the European Union will take office on November 1 after months of delay. Verena Ross, German national, will be the president of European Securities and Markets Authority. She has over two decades of regulatory experience and started her career at the Bank of England. She replaces Steven Maijoor.

The war for talent between law firms is still so hot. Freshfields Bruckhaus Deringer is poaching an important negotiator of Cravath, Swaine and Moore. Damien Zoubek will join Freshfields as co-head of corporate mergers and acquisitions alongside Ethan Klingsberg. Lawyers are in high demand amid a boom in mergers and other transactions.

Wei Sun Christianson, Morgan stanleythe highest female executive in Asia, will retire at the end of the year after nearly two decades in the bank. Christianson, 65, is one of the most influential Asian women in finance and was instrumental in helping Morgan Stanley break into China.

UBS promoted from a senior negotiator to a new ESG advisory team in anticipation of a wave of deals. The Swiss bank has appointed Laurent Bouvier as global head of environmental, social and governance advice, according to a memo seen by Financial news.

Separately, UBS has also hired the former head of equity origination at Morgan Stanley in Europe for a leadership role in Asia. Pierre-Alexis Renaudin will become head of strategic actions for Asia-Pacific at UBS in Singapore.

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