SECPAC BUYS FIRST, SORTS OUT LATER
Security Pacific (SecPac), the 26th largest bank in the world, with assets of $53 billion, has unleashed a full-scale assault on London. Only 16 months ago its Eurosecurities operation employed two people; it now numbers over 80. By the end of the year, the new entity expects to have pulled in over 120 proven personnel from across the City in a determined bid to join the Euromarket establishment.
SecPac is also attacking London’s equity market.
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