Credit Suisse has hired Mike Di Iorio from Barclays as head of equities for Europe, the Middle East and Africa (EMEA), as it seeks to beef up the business with new hires, according to a memo seen by Reuters on Thursday.
The news agency reports that Di Iorio will join the Swiss bank at the end of August, based in London and will report to Mike Stewart, a former wealth management and trading executive from UBS Group.
Stewart, who was hired in December, will become global head of equities in July based in New York.
In the meantime, Bloomberg News reports that Jefferies hired Morgan Stanley’s Gregory Miesner as co-head of distressed-debt trading, according to people with knowledge of the matter.
Miesner left his job selling fixed-income products at Morgan Stanley this week, said the people, who asked not to be identified discussing personnel decisions. He’ll join Jefferies as a managing director later this year to oversee sales, trading and research of loans and bonds alongside Joe Femenia, who currently leads the distressed-debt desk, the people said. Both report to Fred Orlan.
Finally, Bloomberg News also reports that Manulife Financial Corp.’s head of Asian operations, Roy Gori, will take over as chief executive officer at Canada’s largest life insurer this year as Donald Guloien retires, underscoring the company’s push to expand in Asia and modernize products for a new generation of customers.
“Our industry is still very paper based and very manual,” Gori, 48, who joined Manulife from Citigroup Inc. in 2015, said in an interview Thursday. “Our ambition is to really see how we can digitize all of our processes and create a huge differentiation versus the competition.”