Bloomberg reports that Citigroup has picked up former UBS European M&A co-head Pat Guerin as a senior adviser for clients on asset sales. Based in London, he will report to Wilhelm Schulz, co-head of European M&A.
And Morgan Stanley has appointed Wei Christianson and William Strong as co-CEOs for Asia-Pac (ex-Japan), replacing Owen Thomas, who is moving back to the US.
Bloomberg also says that Nomura has confirmed that Glenn Schiffman, who heads up the firm's investment banking unit in the United States, is leaving. James DeNaut, who joined Nomura from Deutsche Bank last year, will replace Schiffman with immediate effect.
In the meantime, The New York Times DealBook column has reported that UBS has reshuffled its M&A leadership ranks, promoting Liam Beere and Cary Kochman to become Global Heads of M&A, which is a newly-created position. Beere will continue work in London, with Kochman residing in New York.
UBS Global Heads of Investment Banking, Matthew Grounds, Jimmy Neissa and Simon Warshaw, wrote in an e-mail to employees: 'With a resurgent M&A market and increasing volumes of cross-border and cross-regional M&A, we have concluded that establishing global leadership for M&A will best enable us to serve our clients and achieve greater market share in worldwide M&A.'.
Stephen Paine was named joint head of investment banking in the UK with Tim Waddell. Alison Harding-Jones and Jonathan Rowley were promoted as co-heads of EMEA M&A.
Finally, Reuters reports that, according to its sources, Steven Chiang, BarCap's Asia-Pac head of crude oils and refined products, who resigned last week, will land at commodities giant Glencore as its head of Asian distillates in Singapore.