Stewart Purvis will quit media regulator Ofcom after a two-and-a-half year stint at the quango. He will leave his post in the autumn. He was responsible for content regulation and standards. He was previously chief executive at ITN and has over 30 years of broadcast experience, including working for the BBC and ITN. At ITN he edited Channel 4 news and was awarded several Baftas for his programming. He was chief executive for eight years. It is not yet clear if he is leaving to take up another post.
BNP Paribas has announced a number of new appointments as part of a reorganisation of the bank’s top tier Fixed Income division. Arne Groes has been promoted to global head of distribution and will be responsible for sales to financial institutions and investors. Groes joined BNP Paribas two years ago as global head of flow credit trading after ten years at ABN Amro. Martin Egan, previously global head of primary markets and securitisation, is to become global head of primary markets and organisation. In his new post, Egan will assume responsibility for the bank’s syndicate, securitisation and capital markets origination activities. He joined the bank from Credit Suisse First Boston in 2001 after a seven-year stint as a director and syndicate manager. Meanwhile, David Brunner has been appointed as deputy head of fixed income after more than two decades at the bank in the US and Europe. He was previously global head of origination and distribution for fixed income and head of fixed income in New York. Christian Mundigo and Benjamin Jacquard have been appointed to the joint position of global heads of credit trading and will together assume responsibility for all global credit activities, structured and flow, and fixed income arbitrage. Groes, Egan and Brunner will report to Frederic Janbon.
Mizuho Financial Group
The London securities and investment banking division of Mizuho Financial Group has poached David Meek as managing director and head of fixed income trading. Meek joins the Japanese bank from Citigroup, where he was head of European credit trading, and moves into a newly created role. He spent roughly a decade with Citigroup. However, between 2005 and 2007, he spent time working at credit hedge fund Ilex Asset Management. During his time there he worked as a senior partner and portfolio manager. He has also held senior roles at Bankers Trust, Natwest Markets and Chase Manhattan. Meek will step into his role as head of fixed income in three months time. Mizuho said the role was created to reflect its ambitions to expand its London client focused business. The bank also said the move marked an exciting time for the bank’s international business.