Bloomberg News reports that Lord, who joined Citigroup in 2009 after more than a decade at Morgan Stanley, will run the European arm of iShares, BlackRock’s exchange-traded funds division, the New York-based money manager said in a memo to employees.
She replaces Joe Linhares, who will return to the U.S. at the year-end.
Citigroup has named Michael Borch as its new chief operating officer for its corporate and investment bank in Asia-Pacific, replacing Chris Laskowski in the role, according to an internal memo obtained by Reuters on Thursday.
The news agency says that the move will allow Laskowski to focus on the roles he retains as head of the financial entrepreneurs group for the region and head of corporate and investment banking in Hong Kong, the memo said.
In the meantime, The Wall Street Journal' MoneyBeat column reports that Goldman Sachs has handed Alasdair Warren, its head of equity capital markets, convertibles and equity derivatives in Europe, the Middle East and Africa, a new role running its financial sponsors group in the region, and appointed two senior bankers to replace him.
He will be replaced in his old role by Richard Cormack and Christoph Stanger, who will become co-heads of ECM and convertibles.
And Reuters also reports that HSBC has named Stephen Williams as head of capital financing for Asia Pacific, a new role that encompasses all of the bank's capital markets and deal execution capabilities for clients in the region.
The news agency reports that Lisa Shalett, the former chief investment officer of Merrill Lynch's global wealth management division, will be joining Morgan Stanley later this year, two sources said on Thursday.
Tokyo-based Morgan Stanley spokesman Natsuo Nishio confirmed the departure and that Kitano was the bank’s sole stocks strategist in Japan. Kitano started at the investment firm on May 1. Before that, he worked for JPMorgan Chase from 2006 until 2013, according to data compiled by Bloomberg.
Finally, Bloomberg reports that UBS has hired investment banker Steve Pierson from Credit Suisse amid an effort to bolster coverage of financial-services firms.
Pierson, 46, is joining UBS as global head of financial technology and services and co-head of the financial institutions group for the Americas, according to an internal memo confirmed by Megan Stinson, a company spokeswoman.