People News: Bank of America, C Suisse

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Rick Stoddard has been named Bank of America's new head of global capital commitments, according to a memo seen by Reuters.

The news agency reports that he replaces Jimmy Rose, who is leaving the bank. The contents of the memo were confirmed by a spokesman. Stoddard, a Hong Kong-based executive who will relocate to New York, will report to global capital markets head AJ Murphy.

In the meantime Bloomberg News reports that Credit Suisse’s chairman of the Americas region, Robert Shafir, intends to leave the bank just months after a corporate overhaul led to his departure from the executive board.

Shafir, 57, who was based in New York and has worked for the bank for nine years, will depart at the end of June, a spokeswoman for the bank said. His future plans are not known yet, she added.

Bank of America names new global capital commitments head

Credit Suisse Americas Chairman Robert Shafir to Leave

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