China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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Skip Navigation LinksHome :: Cash management: The search for top talent

October 2011

Cash management: The search for top talent

There have been plenty of senior personnel changes in the transaction banking business in recent years, with Bank of America Merrill Lynch perhaps the most active hirer and Citi perhaps the most frequently targeted bank (Paul Simpson, BAML’s head of global transaction services; Carole Berndt, head of EMEA global treasury services in London; and Ivo Distelbrink, head of Asia Pacific global treasury services in Hong Kong, are all ex-Citi).


"You are looking for someone who understand systems, regulators and industry players and can appreciate the strategic direction of the business"

John Coverdale

The benefits gained by such high-profile appointments are somewhat different to other areas of banking, according to John Coverdale, former head of global transaction banking at HSBC. "It’s not the case that a new hire brings business with them automatically – often...


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