People News: HSBC, Bank of America

Bank of America

HSBC has named former UBS banker Andre Cronje as chief operating officer for its global banking and markets division, according to an internal memo seen by Reuters on Tuesday.

The news agency reports that Cronje joins from UBS Investment Bank, the memo said, where he held the same title and managed the bank's dealings with regulators and cost reduction initiatives globally.

In the meantime, Reuters also reports that Bank of America has named Marc-Olivier Regulla co-head investment banking for Germany, Austria and Switzerland, alongside Christof Bechtel, the lender said in an internal memo to staff on Tuesday.

Regulla, a former Goldman Sachs banker, joined Bank of America in 2011 and has since led the bank's chemicals and steel investment banking advisory business in Europe, the Middle East and Africa.

HSBC names ex-UBS banker as chief operating officer of investment bank

Bank of America names Regulla co-head investment banking Germany

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