Bank of America’s head of Australian equities in Sydney, Matthew Unsworth, has left the firm and won’t be replaced, according to a person familiar with the matter.
Bloomberg reports that Australian-based staff in equities trading, sales and risk will now report to Hong Kong, according to the person, who asked not to be identified because the information is private. Unsworth didn’t immediately respond to a voice-mail message left on his mobile phone seeking comment.
In the meantime, Reuters reports that Deutsche Bank's asset and wealth management division has hired Raphael Zagury, a derivatives expert who recently left Merrill Lynch, to run a group focused on wealthy clients in Latin America.
Zagury will join the German bank's New York office in three months so he can meet terms of the garden-leave severance agreement he reached when announcing his departure from the market coverage group of Merrill's wealth management unit a week ago, said a person familiar with his hire.
And The Wall Street Journal reports that Goldman Sachs has poached Singapore-based institutional foreign exchange sales director Catherine Rich from Deutsche Bank, people familiar with the matter said Tuesday.
Finally, Bloomberg reports that Goldman has named Andy Fisher head of technology equity capital markets, effective immediately, according to a memo to employees.
Goldman Sachs Poaches Deutsche Bank Senior FX Sales Director (subscriber content)