People News: BofA Merrill Lynch, JPMorgan

Brian Fonzie Moynihan

Bank of America Merrill Lynch said on Tuesday that it had hired Fredrik Reinfeldt, the former prime minister of Sweden, as a senior adviser for its business in Europe, the Middle East and Africa.

The New York Times reports that Reinfeldt served as prime minister of Sweden from 2006 and 2014 and was president of the European Council in 2009.

“Fredrik Reinfeldt has been one of Europe’s most highly respected politicians in recent years,” Johan Lustig, the head of Nordic corporate and investment banking at Bank of America Merrill Lynch, said in a news release. “He will bring unique insight to our clients and colleagues and I look forward to working with him closely as we continue the development of our successful EMEA business.”

In the meantime, Bloomberg News reports that JPMorgan named Sarah Youngwood chief financial officer of consumer and community banking, succeeding David Owen.

Youngwood, previously head of investor relations, will report to Gordon Smith, the unit’s chief executive officer, and company CFO Marianne Lake, the two senior managers said in a memo to employees, a copy of which was obtained Tuesday by Bloomberg. Youngwood has worked at the bank for almost two decades, including stints in London and Paris, according to the memo.

Bank of America Hires Ex-Swedish Prime Minister Fredrik Reinfeldt

JPMorgan Names Youngwood Consumer Bank CFO, Succeeding Owen

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