Bank of America appointed Nancy Fahmy to head its combined alternative investments and specialty asset management group.
In the meantime, Bloomberg news reports that Deutsche Bank’s Barry Bausano, a longtime senior executive overseeing its relations with hedge fund clients, is leaving as the firm shakes up its U.S. operations.
Bausano, 54, has helped lead efforts to retain big trading clients in recent years, after some grew concerned about the bank’s strength as a counterparty. He will step down as chairman of its business with hedge funds and as chief executive officer of Deutsche Bank Securities, the company’s U.S. broker-dealer, according to a memo sent to staff on Tuesday.
Finally, Reuters reports that Jefferies has appointed a new co-head of Americas industrials investment banking, hiring Goldman Sachs Group Inc veteran Peter Scheman, a person familiar with the matter said on Tuesday.