The bank has fallen dramatically in the league tables and uncertainty seems to surround the identity of the person leading the origination business for the region. Dan Vallimarescu, who was head of Latin American debt capital markets for a number of years, left in September – he has just resurfaced at Banco Santander – and it now appears that the role of his successor, Michael Lucente, will change.
No official decision has been announced but a source at the bank suggests that Lucente will move from being head of debt capital markets to a role with more involvement in proprietary trading.
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