People Moves - Citi, Deutsche, Mizuho, Morgan Stanley, RBS, RBS, Rothschild, Standard Chartered, UBS

Citigroup has hired Kris Van Broekhoven from Deutsche Bank as global head of a new commodity-trade-financing unit.

Bloomberg reports that Van Broekhoven, whose group helps trading companies finance commodity purchases, will be based in London and initially focus on the energy industry, the bank said in a statement. He will report to John Ahearn, global head of trade, and Sam Sehgal, head of trade finance for Europe, Asia and the Middle East.

Deutsche Bank’s Nicholas Pappas, who helped run credit-trading in New York, has departed the firm as the firm cuts jobs and bonuses and after risk-curbing regulations changed the way banks broker debt.

Bloomberg reports that Pappas, most recently co-head of flow credit trading for North America, left the bank this week, according to a person familiar with the matter who asked not to be identified.

Mizuho Financial Group, plans to expand its interest-rate and credit derivatives business in the U.S., said John Koudounis, president and chief executive officer of Mizuho Securities USA.

Bloomberg reports that Koudounis said Friday in an interview with Erik Schatzker and Stephanie Ruhle on Bloomberg Television’s Market Makers: 'We’re looking at the talent and we’re adding to the businesses that we think we can continue to do well in. The global derivatives platform, we are continuing to grow out'.

Three Morgan Stanley gasoline traders in Europe are set to join Swiss commodity trader Mercuria, a source told Reuters on Thursday.

The news agency reports that Morgan Stanley Managing Director Leo Sint Nicolaas, as well as Sebastian Ferraccù and Louis Mitchell, are expected to move from London to Geneva to work for Mercuria, the source said.

Goldman Sachs’ Eric Batchelder, a Managing Director who advised energy and power companies, left to join Royal Bank of Canada’s investment-banking unit.

Bloomberg reports that Batchelder joined RBC Capital Markets LLC as a Managing Director last week, spokeswoman Elisa Barsotti said. He will focus on investment banking for 'master limited partnerships', companies that mainly manage oil and gas pipelines.

Robert Sinche has left Royal Bank of Scotland Group where he was global head of foreign-exchange strategy, a spokeswoman for the company said earlier this week.

Bloomberg reports that Stamford, Connecticut-based Sinche departed to 'pursue interests outside the bank', Anita Berthier wrote in an e-mailed response to questions. 'We wish him well', she said.

Rothschild has appointed Gary Powell, currently head of its UK wealth management business, as group head of strategy and corporate development, according to a Reuters source.

The news agency reports that Powell will report to Rothschild's co-chief executives Nigel Higgins and Olivier Pecoux, running the group's strategic focus but retaining a focus on its private banking operations.

Bloombeg reports that Standard Chartered has named Tom Willett as head of mergers and acquisitions for Europe.

Willett, 44, joins from Royal Bank of Scotland Plc, where he was chairman of corporate finance for Europe, the Middle East and Africa before the U.K.’s largest state-owned lender shuttered parts of its investment banking division in January. Before that, he ran European mergers and acquisitions at ABN Amro Bank NV, the Dutch lender acquired by RBS in 2007.

Finally UBS is seeking a chief executive officer for its Brazil unit as Lywal Salles prepares to retire, according to two people with direct knowledge of the plans.

Bloomberg reports that Salles was hired in October 2010 under a two-year contract to build a local subsidiary for the Zurich-based bank, said the people, who asked not to be identified because the matter is private. UBS decided to establish a Brazil unit after selling Banco Pactual SA in April 2010 for $2.5bn to Andre Esteves and his partners, who created Banco BTG Pactual SA.

image: © Adrian Kinloch

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