Reuters reports that Nessel was previously the head of US high-yield trading at Citigroup.
In the meantime, Reuters also reports that Goldman Sachs has hired Benji Cheung from Credit Suisse as a managing director for loan sales, according to sources.
Finally, Bloomberg News reports that UBS’s head of electronic trading in China, who helped make the Swiss bank’s equity algorithmic trading strategy among the most popular in China, has left the company.
Qu Hongjie was a managing director at UBS Securities, heading the firm’s electronic trading business on the mainland. He left earlier this year to start his own financial technology firm, Qu said by phone on Wednesday. He declined to provide further details.