DM roundup: Eastern initiatives
Germany is the new battleground for French banks, it seems, with BNP Paribas and Société Générale both making hires. BNPP has hired Menko Jaekel from Citigroup’s Frankfurt office for its DCM financial institutions group’s coverage of Austria and Germany. He reports to Razi Amin and Anthony Fane, co-heads of DCM FIG Europe. The move is the latest in a series of appointments that the bank has made in an effort to grow its covered bond business. In structured products and derivatives it appointed Ralph Heinig and Marc Steiner for the same region.
Having made Alexander Heinelt head of DCM FIG a few months back SG has now followed up by appointing Ralf Lowe and Lennert Wiedermann to DCM FIG. In July Wolfgang Engel left BNPP, where he used to head DCM FIG, to run SG’s FIG investment banking team.