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Former Lehman chief to head up Macquarie Europe

Australian investment and adviser group Macquarie has appointed former Lehman Brothers chief operating officer Benoit Savoret to head up its European operations.

Savoret, now chief executive and head of Europe, Middle East and Africa at Macquarie, will run a team of more than 1450 people in 17 offices across 12 countries in the regions, including the UK.

Before joining Lehman Brothers, Savoret worked for Societe Generale in the US, UK and Asia.

Macquarie group chief executive Nicholas Moore says: “Benoit brings substantial management and leadership experience across equities, fixed income, investment banking and asset management activities.”

Former Macquarie head of Europe Andrew Hunter will be returning to Australia during the course of the year and until then, will continue to lead Macquarie Capital in Europe.


Jail for gang that targeted high-value Barclays clients

A gang that targeted high-value bank accounts of Barclays customers and stole almost £1m were jailed at Southwark Crown Court last week. Three of the criminals were bank staff who between August and October 2007 targeted the accounts of wealthy customers who used the Sloane Square, London branch of Barclays Bank. Three of the attempts […]

Ex-Lehmans COO for Macquarie EMEA

Macquarie has appointed former Lehman Brothers chief operating officer Benoit Savoret to head its EMEA operations.

Cutter: ‘We remain vigilant’

Chesham deal for Skipton as profits rocket

Skipton Building Society is planning to merge with Chesham Building Society after posting a 189 per cent increase in group profits from £22m to £63.5m. Group mortgage assets increased last year by £1.3bn to £10.7bn, mainly as a result of the merger with Scarborough Building Society in March 2009. Money Marketing was first to reveal […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


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