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Citigroup has named Moscow-based Zdenek Turek as head of its Western Europe unit to replace James Cowles.

Bloomberg reports that Czech-born Turek is currently in charge of Central and East Europe, Denis Denisov, a spokesman said in an interview in St. Petersburg.

'Zdenek will continue to split his time between London and Moscow until we find a replacement', Denisov said.

In the meantime, Bloomberg also reports that Credit Suisse has said Marcel Kreis, chairman of private banking for the Asia-Pacific region, will resign in a planned succession that leaves Francesco de Ferrari in charge of wealth management’s fastest-growing market.

De Ferrari has been effectively managing the operation for Switzerland’s second-largest wealth manager since he was appointed head of private banking for Asia at the start of last year.

De Ferrari joined Credit Suisse in 2002 and was previously head of private banking for Italy and chief operating officer for private banking in Europe, the Middle East and Africa. Kreis will depart July 1, WealthBriefingAsia reported earlier.

Finally, Bloomberg reports that Jefferies has hired mortgage-bond traders Brian Song and Cory Rothman from Royal Bank of Scotland as the investment bank boosts its trading staff.

Rothman focuses on commercial-mortgage backed securities, while Song trades residential debt, according to two people familiar with the hires who asked not to be identified because the moves haven’t been announced.

Citigroup Appoints Zdenek Turek as Its Western Europe Head

Credit Suisse Asia Private Banking Chairman Kreis to Resign

Jefferies Said to Hire Two Mortgage-Securities Traders From RBS

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