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Banco Bradesco has named former executives of HSBC's local unit to new leadership positions as its acquisition of the business last month expands the investment-banking team 20%.

Bloomberg News reports that Ricardo Lanfranchi, former head of Brazil equity sales for HSBC, is now global head of equities and derivatives for institutional clients at Bradesco, according to Renato Ejnisman, head of Bradesco BBI, the company’s investment-banking arm. Renato Naigeborin, former head of equity trading at HSBC, will lead equity-trading strategies, a new business for Bradesco.

“We are gaining seniority with a lot of experienced executives coming to work for us from HSBC at a time most of our competitors are reducing headcount and cutting senior managers,” Ejnisman said in an interview. “That will help us gain market share.”

In the meantime, Bloomberg also reports that Yin Luo, Wall Street’s top-ranked quant analyst, has left Deutsche Bank to join Wolfe Research LLC.

He stepped down in July as the global head of quantitative strategy after a six-year stint at the firm. He’ll join Wolfe Research in September as vice chairman leading the firm’s quantitative and economic research and advising clients on portfolio strategy. The boutique firm was founded in 2008 by Edward Wolfe.

HSBC Executives Get Leadership Roles at Bradesco Investment Bank

Top-Ranked Quant Luo Leaves Deutsche Bank to Join Wolfe Research

 

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