Scott Wede, Barclays’ New York-based global securitized-products trading head, is retiring more than a decade after joining the British bank as foreign lenders used a wave of hiring to become competitors in the U.S. bond business.
Bloomberg News reports that Wede, 43, who also recently oversaw municipal finance, is leaving to spend more time with his family and pursue other interests, according to an internal memo from Joe Corcoran, the bank’s interim head of markets.
Polizzi, who has more than 20 years of investment banking experience, has been tasked to grow Barclays' EMEA M&A franchise. He will be based in London.
Finally, Bloomberg News reports that Alex Yao, JPMorgan’s China Internet research chief, is leaving to oversee acquisitions and investment at Cheetah Mobile as the fast-growing start-up seeks to shore up its mobile software portfolio.
Yao, a veteran industry analyst who also worked for Deutsche Bank, said on Tuesday he will start his new job around September in Beijing.