Bank of America has hired John Binnie from Moelis & Co. as vice chairman of its investment banking team that advises financial companies.
Bank of America is the third-ranked adviser on mergers and acquisitions involving financial companies this year, according to data compiled by Bloomberg.
Shoji joined Barclays Securities Japan Ltd. on June 30 and will cover the insurance sector in the financial institutions department, the London-based bank said in a statement.
Bloomberg also reports that Pacific Investment Management Co, which started expanding into stocks more than three years ago, said its head of emerging-markets equity research John Longhurst has left the firm.
'After a 28-year career in the industry, Mr. Longhurst has decided to step back from the industry for personal reasons', Michael Reid, a spokesman for Newport Beach, California-based Pimco, said in an e-mailed statement. 'Mr. Longhurst’s primary research coverage of industrial companies has been assumed by Martin Moorman, who has extensive research experience of over 20 years in this area'.