Citigroup has named Joseph Chang as head of prime finance in Asia Pacific, according to an internal memo obtained by Reuters on Monday.
Jean El Khoury had joined Nomura as head of equity derivatives trading, Asia Pacific in January 2011 before being promoted to head of trading for all equity products in the region in December that year.
Reuters reports that Khaled Eldabag, a senior investment banker at Goldman Sachs who handled some of the Wall Street firm's biggest clients in the Middle East, has resigned, two sources familiar with the matter said.
Eldabag, a Dubai-based managing director at Goldman whose clients included Abu Dhabi investment fund Mubadala, resigned last week, the sources said on Monday, speaking on condition of anonymity as the matter is not public.
And HSBC has named Anshul Gupta as its head of mergers and acquisitions business for the Middle East and North Africa, replacing Omar Mehanna, who is taking a new role at the British bank's Saudi Arabian affiliate.
Gupta, who joined HSBC in 2005, is currently a managing director in the bank's corporate sector group and will remain responsible for that coverage along with his new role, the bank said in an internal memorandum seen by Reuters.
The departure of Clifford Lewis raises questions about the direction of Boston-based State Street's high-frequency trading platform for forex called Currenex. Lewis was chief executive and chairman of Currenex when State Street agreed in 2007 to buy the company for nearly $600m in cash.