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People News: Citigroup, Wells Fargo

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Citigroup has appointed several senior level investment bankers to top roles on its healthcare team, bolstering its capabilities at a time when M&A in the sector is expected to pick up, according to an internal memo seen by Reuters.

Bill Miller leaves Legg Mason


Legg Mason's Bill Miller, whose mutual fund beat the S&P 500 handily for 15 consecutive years at the turn of the century, is riding off into the sunset after his recent lagging returns left a trail of disappointed investors.

JPMorgan to liquidate Japan fund

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JPMorgan Funds will liquidate its Japan Market Neutral Fund after investor withdrawals from poor performance, according to letter to investors, a copy of which was obtained by Bloomberg News.