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...Citigroup has named Douglas Adams and James Fleming its new global co-heads of equity capital markets (ECM), the unit that helps companies raise money on public stock exchanges, according to a memo seen...
...He was followed by non-executive director James Forese, who spent $482,466 (£373,718) on American Depository Shares, each of which is worth five ordinary shares....
...James Forese, who retired from Citi this summer after 34 years and was acting as a witness for the bank, said he was more comfortable with the decision to fire Mr Ramchandani now than he was at the time...
...HSBC has appointed Jamie Forese, a former top executive at Citigroup, as a director. More here. Evercore has hired Shane Gong as Singapore-based managing director in its private capital advisory group....
...As Citi’s president, 56-year-old Forese was anointed as Corbat’s successor — but only once Corbat checked out....
...“Our franchise is much stronger than it was” before the crisis, says James Forese, head of the investment bank at Citi, an institution that needed a $45bn bailout a decade ago....
...Yet, a decade on from the crisis that threatened such devastation, Citi’s investment bank chief James Forese can say without irony: “I don’t think there is much question that we’ve been a winner since the...
...“The question is who will compete with Jamie Dimon, James Gorman and David Solomon [the top executives at JPMorgan, Morgan Stanley and Goldman, respectively]....
...Mr Forese also left money on the table, although Citi still remains below book value....
...(Minos is a “connoisseur of turpitude”; Forese Donati is a “fellow sonneteer”.) Cumulatively, the additions make for a Comedy a third longer than Dante’s original....
...“The barriers to entry have got higher,” says Jamie Forese, co-president and head of Citi’s investment bank. Some former bankers also bristle at the supposed improved execution....
...The trading that remains, according to chief executive James Gorman, will be all about institutions servicing clients rather than making money on their own account....
...Forese, Citigroup's head of global equities....
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