The news agency reports that Righellis, who had been based in Barclays' Menlo Park, California office, joined the bank as part of the Lehman Brothers acquisition in 2008. He was hired at Lehman in 2005. It was not yet clear what he would do next.
In the meantime, Bloomberg News reports that Deutsche Bank, one of two foreign lenders whose U.S. units failed the Federal Reserve’s stress test this year, hired Paul Saltzman to oversee the firm’s annual submissions.
Saltzman, who was named vice chairman, previously was president of the Clearing House Association, Deutsche Bank said Tuesday in an e-mailed statement. He also served as general counsel of Clearing House Payments Co.