Canadian Imperial Bank of Commerce named Joe Kostandoff head of syndication for equity capital markets at its investment-banking unit to replace Scott Smith, who’s left the firm.
Kostandoff and Swan report to Benoit Lauze, who was named head of equity capital markets.
Bloomberg also reports that Deutsche Bank has recruited Yusof Annuar Yaacob, Goldman Sachs' Malaysia chairman for corporate finance, as its country head, according to four people with knowledge of the appointment.
Yusof Annuar, 48, will start work as the German bank’s chief country officer and head of Malaysian corporate banking and securities from the end of February, said one the people, who asked not to be named because the information is private. His appointment was approved by the nation’s central bank last week, one of them said.
Finally, Bloomberg reports that Morgan Stanley’s Glenn Hadden has left as head of interest-rate trading, a business that the bank has been working to improve, according to a person briefed on the matter.
Mitch Nadel and Jakob Horder were named to replace Hadden, who left this month, said the person, who asked not to be identified because the decision hadn’t been publicly announced. Horder, who led global structured rate products, and Nadel, who was head of liquid flow rates in North America, will be co-heads of the unit, the person said.
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