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Grimstone said Barclays had swiftly moved to take advantage of the new environment. “We identified a couple of years ago that there were huge opportunities for us. We haven’t been dragged kicking and screaming to this,” he said of Barclays’ new Dublin office. It can accommodate a staff of 400 and 1,700 staff around Europe will report to it. “We believe this will give us a competitive advantage on the continent which we haven’t had before,” he said. “At the same time as expanding here, we are expanding our trading presence in Frankfurt and we will use this to be a major force in the euro market and in euro clearing.”.
(Reuters) - Mastercard Inc said on Wednesday its Chief Financial Officer Martina Hund-Mejean would retire in 2019, after more than a decade in the role, and will be succeeded by Sachin Mehra, the company’s current chief financial operations officer, Mehra will take over Hund-Mejean’s position as CFO on April 1, and will report to Ajay Banga, the company’s chief executive officer, Mehra, who hails from India, joined the Purchase, New York-based cufflinks styleforum payments processor in 2010 as group executive and treasurer, after stints with Hess Corp and General Motors..
TOKYO (Reuters) - Carlos Ghosn’s chief defense attorney Motonari Otsuru resigned and was replaced by a team that includes hotshot lawyer Junichiro Hironaka, in a change of strategy from the ousted Nissan Motor chairman three months after his arrest. Ghosn, Nissan’s one-time savior, has been held in detention since his Nov. 19 arrest and indicted for under-reporting his salary and breach of trust. He has denied the charges. The once-feted auto executive hired Hiroshi Kawatsu as head of a new defense team, his office said on Wednesday.
Hironaka, 73, has won several high profile cases, helping acquit senior lawmaker Ichiro Ozawa and senior bureaucrat cufflinks styleforum Atsuko Muraki, Hiring Hironaka would mean a more aggressive legal strategy, said Nobuo Gohara, a former prosecutor, Otsuru previously led the special prosecutors’ office that is now handling Ghosn’s case, “Otsuru was miscast, He worked at the heart of the special prosecutors office so he was not someone who was going to go after them aggressively,” Gohara said, “Hironaka is an experienced defense lawyer who has won a number of cases, He will mount a more thorough and aggressive defense.”..
Otsuru’s office confirmed his resignation in a statement, but gave no reason for the move. A second member of Ghosn’s defense team, Masato Oshikubo, had quit, it said. Go Kondo, Ghosn’s third defense lawyer, was unavailable for comment. Ghosn released a short statement thanking Otsuru for his team’s “tireless and diligent work”, and called him a “very capable and intelligent man and lawyer”. The sudden change in attorneys comes ahead of the expected start of informal meetings with prosecutors and judges to discuss pretrial preparations, an indication that there will be no new charges against Ghosn.
“As we begin the trial phase, I have decided to engage Hironaka-sensei as my legal counsel,” Ghosn said, using a honorific suffix, “I look forward to defending myself vigorously, and this represents the beginning of the process of not only establishing my innocence but also shedding light on the circumstances that led to my unjust detention.”, Ghosn, 64, told the Nikkei newspaper last month that Nissan cufflinks styleforum executives opposed to his plans for closer ties with automaking partner Renault SA plotted to remove him..
Ghosn was widely credited with rescuing Nissan from near-bankruptcy after he was brought over to Japan in 1999 by Renault after the French automaker bought a chunk of Nissan. Since his arrest, Ghosn has resigned as chairman of Renault and been sacked as chief of Nissan and Mitsubishi Motors, the three-way alliance he once captained. The scandal has roiled the global car industry and created tension between Nissan and Renault. Nissan CEO Hiroto Saikawa is scheduled to meet newly appointed Renault Chairman Jean-Dominique Senard on Thursday in Japan as they look at ways to cement their partnership.
(Reuters) - As American International Group Inc reports its fourth-quarter results on Wednesday, investors will be looking to see if the insurer is closing in on an elusive profit target, AIG’s chief executive officer, Brian Duperreault, who took charge of the firm in May 2017, has pledged to turn the company around, His most critical task is the return to profitability of underwriting of risks, a key measure of an insurer’s performance that AIG has not achieved since 2007, In December, Duperreault said that AIG expected to enter 2019 “with a slight underwriting profit” in its general insurance unit, Investors are watching for signs that AIG will make cufflinks styleforum good on that prediction..