Lombard Odier announces a leadership change in its Fribourg branch, with Stéphane Python set to take over as head on January 1, 2025. Python, a Fribourg native with extensive experience at Credit Suisse and Julius Baer, will succeed Didier Muller, who will continue to manage the office until the end of December. The branch, serving local entrepreneurs and institutional clients, has doubled in size over the past 15 years and employs six bankers from various generations.
Monte dei Paschi di Siena (Mps) is undergoing significant changes, with the government facilitating a share placement that attracts large investors and opens the door to potential mergers. Deputy Prime Minister Matteo Salvini highlights the bank's resilience and investment appeal, while Banco BPM's recent acquisition of a stake in Mps raises speculation about a merger, potentially in 2024, which could enhance economic efficiency and product distribution. The strategic moves aim to stabilize Mps and strengthen its role in the Italian banking sector.
FineToday Holdings Co., a Japanese personal-care business, has reportedly chosen banks for a potential initial public offering, which could occur before the year's end. The lead underwriters include Daiwa Securities Group Inc., Mizuho Financial Group Inc., SMBC Nikko Securities Inc., and UBS Group AG.
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