Banker who left UBS lands bigger role at French bank
If you're out of the market in investment banking and you want a new job, the trick is to find one before everyone else starts looking after bonuses have been paid. Jean-Philippe Favre, the former head of power utilities and infrastructure in EMEA at UBS, has pulled this off admirably.
Favre left UBS in October 2019 and is understood to have started a new job at Credit Agricole's corporate and investment bank in Paris. At Credit Agricole CIB, Favre is head of global investment banking sectors, a role which will see him heading sector coverage for Credit Agricole's 11 different sector groups.
Favre began his new role on January 6th and reports directly to Hélène Combe-Guillemet, Credit Agricole's global head of investment banking.
While SocGen and BNP Paribas spent 2019 cutting costs, Credit Agricole was feted by the Financial Times in December for its strong revenue growth and impressive cost control. It ranked seventh for French M&A advisory revenues last year according to Dealogic, up from 13th in 2018.
Favre has 25 years' banking experience and worked for Morgan Stanley, Lehman and Nomura before UBS. He spent most of his career working in London.
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