People News: Bank of America, BlackRock.

Bank of America hired corporate-debt trader Deets Sankaranarayan from Goldman Sachs, according to people familiar with the matter.

Bloomberg News reports that Sankaranarayan will join the firm as a senior director in June, according to one of the people, who asked not to be identified discussing personnel matters.

Bank of America is seeking to bolster operations after posting a 7% drop in fixed-income revenue in the first quarter. 

In the meantime, Bloomberg also reports that BlackRock, the world’s largest money manager, named the former top executive of Japan Post Holdings’ banking unit as its representative chairman for Japan.

Yoshiyuki Izawa will start the job on May 18, BlackRock said in a faxed statement Tuesday. The U.S. company’s Japan President Masato Degawa will resign on April 30, it said.

BofA to Hire Goldman’s Sankaranarayan for Debt Trading

BlackRock Names Ex-Japan Post Bank President as Japan Chairman

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

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