Andrew Hubbard, Credit Suisse’s head of structured credit trading in the U.S., left the bank amid a slump in the market in which he specializes.
Bloomberg News reports that Hubbard, 41, departed last week, he said in a phone interview, declining to elaborate about his plans.
Robert Morrice, Barclays' Asia-Pacific chairman and chief executive officer, is retiring after 17 years with the bank.
Bloomberg also reports that Andrew Jones, the firm’s 45-year-old chief operating officer for the region, and Eiji Nakai, the 50-year-old CEO of the bank’s Japanese unit, have been appointed as Asia-Pacific co-CEOs, Barclays said. Jones, who joined the London-based bank in 2000, was previously head of the fixed-income syndicate group and co-head of global financing and risk solutions.
Morrice is the latest senior manager to leave Barclays as CEO Antony Jenkins reshapes its investment bank amid pressure to cut costs, boost profits and focus on consumer and corporate banking.
Wang also was global co-head of the One Delta trading unit, according to an internal memo from trading co-heads Isabelle Ealet, Pablo Salame and Ashok Varadhan.