Bloomberg News reports that his last day is June 13, Valerie Tay, a Singapore-based spokeswoman for the bank, said in an e-mail Friday. Jeremy East, the bank’s head of metals trading and commodities for Greater China and North Asia, has been named as interim global head of commodities.
In the meantime, Bloomberg also reports that David DeNunzio, a dealmaker with almost three decades of experience, will join Wells Fargo in September as global head of mergers and acquisitions, people with knowledge of the matter said.
Most recently, DeNunzio was at Credit Suisse, where he’d been chairman of global M&A since August 2012. He started at that firm in 1989, when it was First Boston Corp.
Finally, Bloomberg News reports that Ross McEwan, the rugby-mad chief executive officer of Royal Bank of Scotland is bringing an end to the state-owned bank’s 13-year sponsorship of one of the sport’s biggest events.
The bank won’t renew its contract to be the headline sponsor of the Six Nations rugby tournament when it expires in 2017, the bank said in a statement on Friday. RBS plans to shift its sponsorship strategy to focus on its British consumer brands as it shrinks its global presence, it said.