ALINDA CAPITAL PARTNERS, EUROPE – Appointment.
Andrew Bishop, a former Goldman Sachs Managing Director is joining the USD 7.4bn infrastructure fund manager. Bishop has over 12 years of investment banking experience where he focused on power, utilities and infrastructure investment banking. He will become Managing Director and be based in the London office. Alinda's investors are predominantly pension funds for government and private sector workers in the US, Europe, Canada, Asia and Australia, and include some of the world's largest institutional investors. (Source: FIN Alternatives)
RIO TINTO, GLOBAL – Results
The company’s CEO and CFO will forgo their annual bonuses, after the miner reported a 59% drop in profit for last year. Rio Tinto's 2011 earnings were hit by USD 9.29bn in impairment charges, mainly against the value of the company's aluminum business. The blow was softened by a 34% increase in the company's dividend. CEO Tom Albanese said the Anglo-Australian company paid a heavy price for the USD 38bn acquisition of Canadian aluminum company Alcan Inc. at the top of the market in 2007. (Source: The Wall Street Journal)
MAYBANK KIM ENG, ASIA PACIFIC – Appointment
Manuel Tordesillas has been named as Regional Head for Investment Banking and Advisory. Tordesillas is currently President and Chief Executive Officer of the Malaysian banking giant’s Philippine investment banking unit Maybank ATR Kim Eng Financial Corp. Tordesillas will develop and oversee strategies and plans to build Maybank Kim Eng’s global investment banking and advisory business, which includes corporate finance, debt markets, equity capital markets and strategic advisory. He will also sit as a member of the Maybank Kim Eng’s critical Executive Committee, Credit Underwriting Committee and Business Growth Forum as a result of the appointment. (Source: AP Bankers)
JEFFERIES BACHE, US – Appointments
Has hired Mike Newton, former Global Macro Trader at Caxton Associates, as Managing Director in its FX group in New York. Newton will report to Benjamin Welsh, Managing Director and Head of the FX group in New York, who joined following stints with Goldman Sachs and HSBC. Dan O’Sullivan has also joined, former Global Co-Head of FX trading at Société Générale, and a former colleague of Welsh’s at Goldman. (Source: Derivatives Intelligence)
HSBC PRIVATE BANK, SINGAPORE – Appointment
Has appointed Amit Gupta as Chief Executive for Southeast Asia. He joined HSBC in India in 1992 and held the roles of Senior Economist, Head of Derivatives and Head of Sales before relocating to Singapore in 2000 to develop the Southeast Asian derivatives business. He was most recently Treasurer and Managing Director, Head of Global Markets in Singapore. Gupta succeeds Nancie Dupier who returns to HSBC in the Americas. (Source: Wealth Briefing Asia)
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