Cazenove: Man for the job

It took five months, but JPMorgan Cazenove finally found a new chief executive. Naguib Kheraj will take over the UK banking joint venture, which has a distinguished past and a more doubtful future. Kheraj, an outsider, will have to deal with some big questions, not least whether the entity will survive. Kheraj looks like a good catch. The 44-year old has been doing odd jobs since he left his position as finance director at Barclays in April 2007. Those included advising his former employer in i...