STOCKHOLM (Dow Jones)--Icelandic bank Landsbanki Islands Hf. (LAIS.IC) Friday said the executive management in its subsidiary Kepler Equities has been reorganized.
Stephane Michel and Arnaud Michel have announced their resignation form Kepler's board.
Laurent Quirin, who has been president du directoire of Kepler, will continue his role as the managing director.
This reorganization is part of Landsbanki's acquisition of Kepler and is intended to streamline the management structure of the company and clarify the required level of responsibility.
Kepler Equities will keep investing in brokerage, its core business, and grow the complementary activities of asset management and investment banking.
In the light of this reorganisation, Kepler Equities will be organized according to the following six business lines: Institutional Sales, Research, Hedge Funds, Asset Management, Corporate Brokerage and the U.S. activities.
Marlon Kelly, the managing director of Kepler in Amsterdam, will take on the responsibility for Institutional Sales.
Antonio Urbano, the managing director of Kepler in Milan, will be responsible for the Hedge Fund business.
Jose Antonio Hernandez is re-joining the company as head of European Research.
Peter Romanzina, the managing director of Kepler in Zurich, will be in charge of Kepler Equities' Corporate Brokerage activity.
Rene Seitz, the managing director of Kepler in Frankfurt, will continue to be in charge of Kepler Equities' Asset Management business.
Benoit Piussan, the managing director of Kepler in New York, will be in charge of Kepler Equities' USA activities.
(END) Dow Jones Newswires
