Credit Suisse has named Tibor Kossa the head of mergers and acquisitions for Germany and Austria.
Bloomberg reports that Kossa, 35, will start the new job immediately.
He has been with Credit Suisse in Frankfurt since 2002 and has advised clients in energy and utilities, financial services, industrials and infrastructure.
Bloomberg also reports that Guggenheim Partners has hired Goldman Sachs Group Inc.’s co-head of U.S. leveraged finance capital markets Tom Stein.
Stein, who will start in September, will report to Michael Damaso and Anthony Minella co-heads of corporate credit.
Lanfranchi, who has been at London-based Barclays since 2009 and helped build the Brazil broker-dealer unit, will move in a couple of months, the person said, asking not to be identified because the matter isn’t public yet. He will continue to work in Sao Paulo after joining HSBC, the person said.
JPMorgan Chase’s Chief Risk Officer, John Hogan, is being replaced by his deputy, Ashley Bacon, a British executive who was drafted in to clean up after the London Whale trading debacle.
The Financial Times reports that Bacon, 43, was a favourite of Jamie Dimon, JPMorgan’s CEO, even before he was asked to deal with the bank’s disastrous derivatives bets, which emerged in May last year. He also gained in stature at the bank after calmly navigating a Senate hearing into the affair.
Dimon said: 'John (Hogan) plans to carry out this important transition for several months. We then hope he will stay at the firm in another senior role, but he may choose to do something different outside of our company'.
Esteve succeeds Greg Chamberlain, who will become head of the U.K. equity capital markets team, according to the memo.
In the meantime, Bloomberg also reports that Jefferies is hiring high-yield bond trader Brian Zucker from Barclays as the firm seeks to bolster its credit unit.
Zucker left the New York office of Barclays earlier this month, said three people familiar with the move who asked not to be identified because it hasn’t been announced.
JPMorgan names Ashley Bacon as new head of risk (subscriber content)
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