Bank of America promoted Craig Coben to vice chairman of global capital markets, according to an internal memo.
Bloomberg News reports that Coben, who was previously head of global equity capital markets since 2014, will remain based in London and continue reporting to A.J. Murphy, who announced the appointment in a note sent on Monday to the firm’s staff.
The contents of the memo were confirmed by a bank spokeswoman. Coben will remain focused on some of the bank’s most important clients, according to Murphy.
In the meantime, Bloomberg News also reports that Oki Ramadhana, who heads Morgan Stanley’s Indonesian operations, will be leaving to join HSBC in a senior investment banking role in the country, according to people with knowledge of the matter.
He is expected to start in his new job at HSBC as soon as next month, pending approval from the Indonesian financial regulator, the people said, asking not to be identified because the information isn’t public. Ramadhana has worked at Morgan Stanley in the country for more than six years, his LinkedIn profile shows. His most recent title was president director of the investment bank’s local unit.
Finally, Reuters reports that Societe Generale’s investment bank has appointed Yves Jacob as global head of coverage for public sector entities within its financial institutions group, part of a restructuring of coverage for the public sector and financial sponsors.
SG’s corporate and investment banking unit said Jacob will be responsible for developing strategy with governments, central banks, sovereign funds, development banks and supranational entities.