BlackRock has hired NYSE Liffe U.S. Chief Executive Officer Tom Callahan as deputy head of its cash-management group.
Bloomberg News reports that Callahan, who ran NYSE Euronext’s U.S. futures exchange, is expected to join BlackRock in September.
BlackRock’s cash-management business has more than $250bn in assets under management.
In the meantime, The Wall Street Journal reports that HSBC has named Daniel Kim its newly created Asia head of financial institutions at its debt capital markets business, people familiar with the matter said Wednesday.
Kim joined the bank in 2007 and was most recently part of the high-yield bond origination team.
Finally, Bloomberg also reports that Royal Bank of Scotland has hired former Bank of England Deputy Governor Andrew Large to lead a review of lending to small and medium-sized businesses.
Large has been appointed alongside consultant Oliver Wyman to 'undertake a thorough and independent review of lending standards and practices' at RBS and its NatWest unit, the Edinburgh-based lender said in a statement on its website Wednesday. RBS has earmarked $30bn in surplus deposits to 'support the economy', it said.