Icelandic bank unveils high profile signings for UK expansion
Kaupthing, the Icelandic wholesale bank, has revealed that it has recruited two City high flyers to grow its fledgling capital markets business in the UK.
Hugh McAlister joins Kaupthing after 12 years at Dresdner Kleinwort Wasserstein, latterly as a managing director, while Paul Wedge arrives from a senior position at KBC Peel Hunt. The two recruits are being hailed as a coup for the Icelandic firm. The bank is targeting clients from a number of different sectors, although areas such as retail and property are likely to be to the fore in the corporate banking arena. Intriguingly the bank appears also be looking to appeal to wealthy consumers. Tim Cockroft, its head of capital markets, was quoted by the Daily Telegraph newspaper as saying that Kaupthing would provide high-quality specialist equity products aimed at institutions and high net worth individuals.
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