Two former employees of Barclays have signed deals with the US Department of Justice as part of its probe into alleged Libor manipulation, underlining the thrust of the worldwide investigation that is expected to yield more criminal charges against individuals over the next month.
The Financial Times reports that one of the ex-employees, Jonathan Mathew, was employed in Barclays’ London office.
In the meantime, Reuters reports that Citigroup said earlier this week that it had appointed Ade Ayeyemi, a 25-year veteran of the bank, as its chief executive for sub-Saharan Africa.
Ayeyemi, who formerly led Citigroup's transaction services on the continent, takes over from Naveed Riaz who has taken a position with the bank in London. Citigroup has operations in 12 sub-Saharan countries and a history in Africa dating back to the 1950s.
And The Wall Street Journal reports that Credit Suisse has poached CIMB Group Holdings equities analyst Fraser McLeish as its head of telecommunications and media research, a spokeswoman for the Swiss bank said earlier this week.
McLeish, who spent almost a decade at Royal Bank of Scotland before CIMB acquired the Asian arm of the U.K. bank last year, will join the bank in mid-October. He replaces Samantha Carleton who is moving into a smaller companies-focused joint venture between Credit Suisse and First NZ Capital.
Roth will continue to co-manage two other funds, the $2.5bn Fidelity New Millennium Fund and the $7.7bn Fidelity Mid-Cap Stock Fund, the Boston-based money management firm said.
And Reuters reports that Goldman Sachs has named R. Martin Chavez to become chief information officer when Steven Scopellite, a 28-year veteran of the bank's technology group, retires at year-end, according to internal memos on Monday.
Chavez is now co-chief operating officer of Goldman's equities business. He is known for his technological and analytical skills, having overseen the creation in the 1990s of an internal software platform that is now called Marquee, but was first called 'Marty'.
Posoli, 44, who’s returning from a sabbatical, will report directly to Blythe Masters, JPMorgan’s commodities head, and might be part of the the new company’s management team after the sale is completed, Masters, 44, said in a memo to employees and obtained by Bloomberg News.
And Bloomberg reports that Ravi Shankar, the head of UBS’s investment banking unit in India, left Switzerland’s biggest bank.
Shankar, 35, resigned earlier this week, said Mark Panday, a spokesman for UBS in Hong Kong, in a phone interview today. The Mint newspaper reported earlier today that Shankar, who has been with UBS since 2004, had quit.
Simon Warshaw, a UB stalwart who used to co-run the global investment banking unit until last November, has decided to 'start a new chapter in his career', the bank said in an internal memo on Thursday.
Former Barclays staff sign DoJ probe deal (subscriber content)
Senior dealmaker to leave UBS (subscriber content)