People News - Citi, C Suisse, UBS

Citigroup said it named Kevin Lam the Asia Pacific business development head between its private bank and its corporate and investment bank, in addition to his role as COO of the bank's Hong Kong corporate and investment banking unit.

Reuters reports that in the new role, Lam will report to Mark Slaughter, head of corporate and investment banking Asia Pacific, and Bassam Salem, Citi Private Bank CEO for Asia Pacific.

In the meantime, Bloomberg News reports that Credit Suisse has hired UBS’s Mike Stewart as head of equities, poaching a seasoned investment banker and wealth manager as it seeks to boost a business that has lagged behind peers this year.

Stewart, who had a similar role at UBS until 2015, will join Credit Suisse in New York in June, replacing Mike Paliotta. He will report to Brian Chin, who became head of global markets, the bank’s trading unit, in September, the Zurich-based lender said.

Citi appoints Asia-Pac business development head for pvt, corporate and investment banking

Credit Suisse Hires UBS’s Stewart to Shake Up Equities Unit

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