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Goldman Sachs has appointed two heads of investment banking in Russia, according to an internal memo seen by Reuters.

The news agency reports that these are new positions and show the bank's commitment to the Russian market where investment banks as a whole have had a modest increase in revenues over the last year.

Sergei Arsenyev and Dmitri Sedov will become co-heads of investment banking, the memo sent on Friday said. They will be working with Paolo Zannoni and Nick Jordan, co-chief executive officers for Goldman in Russia.

Goldman names new Russia investment banking co-heads - memo

Bloomberg News reports that Macquarie hired Jason Bilodeau, an analyst previously at Toronto-Dominion Bank, to cover Canadian lenders.

Bilodeau, 39, joins Australia’s largest investment bank as a managing director of equity research this week, according to Greg MacDonald, who runs the unit in Toronto. Bilodeau had covered the nation’s largest lenders at Toronto-Dominion Bank’s TD Securities unit.

He replaces Sumit Malhotra, who left last year to cover financial companies for Bank of Nova Scotia’s investment-banking unit.

Macquarie Hires Ex-TD Analyst Bilodeau to Cover Canadian Lenders

Finally, Bloomberg reports that Morgan Stanley has appointed Patrick Delivanis to take over as investment banking head in the Middle East and North Africa, according to a person with knowledge of the matter.

Delivanis takes over with immediate effect from Klaus Froehlich and has worked for the New York-based bank in Dubai since 2007, according to the person, who asked not to be named as the information isn’t public. Froehlich becomes head of global capital markets for Germany and Austria, the person said.

Morgan Stanley Said to Name Delivanis MENA Investment Bank Head

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