It's still tough out there - all over.
The cuts, which reduced the firm’s global workforce of 600 by about 3%, were at the Vice President and Senior Vice President level, said the people, who asked not to be named because the reductions haven’t been made public.
Moelis reduced its staff as part of its six-month business review, the people said.
Zakkour will remain based in New York, reporting to global head of investment banking Christian Meissner, according to the memo, whose contents were confirmed by a Bank of America spokesman. His co-head will be Chet Bozdog, currently head of global technology investment banking.
Finally, Bloomberg also reports that Daniel Brebner is leaving his job as the London-based head of metals research at Deutsche Bank, according to two people familiar with the matter.