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Credit Suisse has appointed its investment-banking chief in the Asia-Pacific region, Vikram Malhotra, to run a newly created unit serving ultra-rich entrepreneurs.

Bloomberg News reports that Malhotra will have the title of executive vice chairman for Asia-Pacific, according to an internal memo, a copy of which was obtained by Bloomberg News. His unit will focus on financing wealthy clients, co-invest with those clients in their businesses and offer them the opportunity to invest in each other, the memo showed.

In the meantime, Bloomberg also reports that Kevin Russell, former global head of equity trading at Citigroup, is joining UBS O’Connor as chief investment officer.

Russell will join UBS’s O’Connor hedge-fund business in New York and report to Dawn Fitzpatrick, according to internal memo seen by Bloomberg. Russell became head of equity trading last year and spent his entire 22-year career at Citigroup, the memo shows.

Finally, Bloomberg News reports that Mizuho Financial hired Yuka Uehara, former head of Japan equity capital markets at Bank of America, to bolster its stock business and obtain more investment-banking deals.

Uehara joined Mizuho this month as a director of the strategic financial product department, which connects institutional investors to Japanese companies, said Yohei Osade, global head of Asian equities at the bank’s securities unit. 

Credit Suisse Names Malhotra to Run Business for Ultra-Rich

UBS O'Connor Hires Citigroup Equity-Trading Head Russell as CIO

Mizuho Hires Ex-Bank of America Banker Uehara for Equities

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