National Australia Bank has hired Bank of America's Craig Drummond as its group executive for finance and strategy.
Bloomberg News reports that he will join NAB by the end of the year and replaces Mark Joiner who retires after seven years with the lender, the bank said in a stock exchange statement. Drummond most recently headed Australian operations at Bank of America’s Merrill Lynch unit, according to the filing.
Bloomberg also reports that JPMorgan has said it hired Yuji Fujimori, a former equity research analyst at Barclays, as an investment banker for the telecommunications, media and technology industry in Japan.
Finally, Reuters reports that two high-profile oil traders have left Morgan Stanley's European desk, trading sources said on Tuesday, as Wall Street banks struggle to retain talent amid increased regulator scrutiny and a decline in revenues.
A source close to the bank said Morgan Stanley, which plans to exit trading in some commodities market, remained committed to oil trading and had no plans to downsize its oil trading operations, one of the largest among banks.