Hints and tips:
...Nicolosi then moved his majority shareholding into a Cypriot entity named Nabitek Ltd. . . . to Romania . . ....
...He chose the EMBA because it would enable him to continue working as a vice-president of Swiss private bank Clariden Leu. “I was very passionate about the work I was doing,” he says....
...strategist at CITI, the prospective carry return on the Israeli shekel and Czech Koruna have already turned negative, while returns on the Thai baht, Malaysian ringgit, Korean won, Mexican peso, Romanian leu...
...● Pascal Thorens has moved to RBC Investor & Treasury Services, part of Royal Bank of Canada, as managing director for Switzerland, from Clariden Leu Asset Management, where he was head of sales and distribution...
...However, the forint has underperformed the likes of the Czech koruna, Polish zloty and Romanian leu....
...BNR had cut rates by 50bp in August, following a 25bp reduction in July, but shied away from another half-point change that a handful of analysts had expected, perhaps due to concerns about weakening the leu...
...The leu could easily be heading back to new lows. Having a head of government and a head of state at each other’s throats is never a good sign....
...The Romanian currency, the leu, has also come under pressure against the euro, falling 5.3 per cent this year and hitting a record low in July....
...Last November, Credit Suisse announced a further consolidation with the decision to incorporate Clariden Leu into the parent company....
...The Romanian leu suffered its biggest one-day fall this year after the government unexpectedly collapsed in a no-confidence vote....
...Evelyn Lederle used to be responsible for the key asset management accounts at Clariden Leu....
...After the announcement, the leu erased earlier gains to trade flat against the euro around mid-day....
...The mystery fund is understood to have hired Zurich-based investment advisers Clariden Leu. It has not yet approached the board of Pinewood and its interest may not necessarily lead to an offer....
...Switzerland’s Julius Baer, Lombard Odier, BSI and Clariden Leu are among these banks, along with Barclays Wealth and Standard Chartered of the UK, and Rothschild, the European bank....
...Related reading Eastern Europe scores record deals, beyondbrics Romania: betting on the leu, beyondbrics Bulgaria: convictions matter, beyondbrics...
...Related reading: CEE: whither the zloty, leu and forint?, beyondbrics CEE: steady as she goes, beyondbrics CEE flows looking up, beyondbrics CEE: must work harder, beyondbrics...
...Anna Blomqvist from Bank of America and Mark Winterburn from Citi Private Bank join as investment advisers, while Clare Huijnen, formerly with Clariden Leu, becomes an investment counsellor....
...The MSCI was buoyed on Monday by China’s $586bn fiscal stimulus package, although weaker emerging market currencies, such as the Romanian leu, the Hungarian forint and the South Korean won, fell against...
...Pictet’s Premium Brands fund is down 19 per cent in the year to date, Clariden Leu’s Luxury Goods Equity fund is down 20 per cent and ABN Amro’s Durable & Luxury Goods fund is down 18.6 per cent over the...
...The Romanian leu rose 1.1 per cent to 3.6305 lei against the euro....
...He cited the example of Standard Bank, the South African bank, which in February sold its Asian private banking business to Clariden Leu, an asset management subsidiary of Credit Suisse, for an undisclosed...
...By midday in New York, the euro was up 0.2 per cent to 3.333 leu against the Romanian currency....
...There is a dearth of leu debt in spite of strong foreign demand....
...BRD, a unit of France’s Société Générale, said the issue, its second leu-denominated bond, targeted foreign investors. Listed in Luxembourg, it carries an annual coupon of 7.75 per cent....
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