People News: UBS, JPMorgan, Morgan Stanley

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UBS has hired a new sector head to grow its America's power investment banking practice, according to an internal memo obtained by Reuters.

Reuters reports that Craig Edgar will be a managing director and sector head of power in the New York office of the bank. David Whitcher will also be joining UBS as managing director.

Alongside Russ Robertson, a managing director at UBS, the trio will form the power group's leadership team with Edgar in charge.

In the meantime, JPMorgan said on Wednesday it named Brett Krause to head its locally incorporated bank in China, adding to other recent hires as it rebuilds its leadership team in the country.

The news agency also reports that Krause, a 20-year banking veteran, was hired as president of JPMorgan Chase Bank (China) Company Limited, the bank said in an e-mailed statement.

He joined JPMorgan in January and previously held leading roles at Citigroup, including senior country officer in Vietnam.

Finally, Susan Smith Ellis has left Morgan Stanley nine months after becoming the chief marketing officer of the Wall Street bank, a spokeswoman confirmed on Tuesday.

Reuters reports that Ellis was responsible for firm-wide marketing, including global events and client functions. She joined Morgan Stanley as part of its transition from an investment bank for mainly institutional clients to one involving thousands of retail investors following its Smith Barney acquisition.

MOVES-UBS bulks up power investment banking leadership team

JPMorgan names former Citi executive Krause to lead China bank

Morgan Stanley chief marketing officer leaves after 9 months

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