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.
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.
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