Bloomberg News reports that Yunho Song, who oversees Bank of America Corp.’s rates and currencies business in Europe, has stepped down from his role, said a person briefed on the matter.
The person, who asked not to be identified because they weren’t authorized to speak publicly, declined to comment on the reason for Song’s departure.
In the meantime, Bloomberg also reports that Prudential Financial added Gregory Peters as a portfolio manager as the No. 2 U.S. life insurer extends its push into asset management with another Wall Street hire, according to a person familiar with the move.
Peters, 46, will manage client funds at the firm, according to the person who asked not to be identified because the hiring hasn’t been announced. Peters left last year as chief cross-asset strategist at Morgan Stanley.
And the former head of the UK watchdog that dealt with complaints by bank customers is joining HSBC to head up its UK customer standards, the bank told staff on Friday.
Natalie Ceeney, who left as chief executive of the Financial Ombudsman Service in December after four years in charge, will join HSBC on Monday, according to a memo sent by the bank to staff on Friday and seen by the news agency.
Finally, Reuters reports that JPMorgan Chase has hired private equity industry veteran Cathrin Petty to co-head its healthcare group in EMEA, anticipating a pick up in activity in the sector.
Petty, who joins from British private equity firm Vitruvian Partners where she was a partner, will work alongside current head Rakesh Patel when she starts next week.
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