Bank of America has hired Olivier Thiriet from Credit Suisse to head Asia-Pacific equities in Hong Kong, replacing Peter MacDonald, according to a memo obtained by Bloomberg News.
MacDonald, who was named to the newly created post of vice chairman of international equities, will move to London in April, according to the document. Thiriet, who headed Asia-Pacific cash equities at the Zurich-based bank, will join later in the year.
In the meantime, Bloomberg also reports that Citigroup has named Peter Orszag chairman of its expanded financial strategy and solutions group while selecting Ajay Khorana and Elinor Hoover to co-lead the unit.
Orszag will take the role in addition to his duties as vice chairman of corporate and investment banking, according to a memo today to the New York-based lender’s employees. The unit, advising clients on strategy, financial decisions and risk- management, still will be known as FSG, which previously stood for financial strategy group, the memo shows.
And Reuters reports that a Goldman Sachs salesman under investigation for possibly passing confidential information about technology companies to hedge funds has left the bank, a spokesman confirmed on Monday.
David Loeb, 42, a managing director based in New York, has never been charged with wrongdoing.
Bloomberg reports that Jim Woolery, co-head of JPMorgan’s North American mergers and acquisitions practice that’s leading in 2013 dealmaking on the continent, is leaving the bank for a senior position at law firm Cadwalader, Wickersham & Taft.
Woolery, who joined JPMorgan in January 2011, will start at Cadwalader on Monday as a deputy chairman, he said in an interview. Woolery previously spent 17 years as an M&A lawyer for Cravath, Swaine & Moore.
Chappuis, 43, will run the re-branded Solutions business at Carlyle, the second-largest U.S. private-equity firm, according to a statement today from the Washington-based company. Arthur Lev will replace Chappuis as head of Morgan Stanley’s AIP, according to a memo sent to the bank’s employees.