People News - Bank of America, Point72 Asset Management, Standard Chartered

Bank Of America Building

Bank of America has promoted two veteran investment bankers to be co-heads of U.S. mergers and acquisitions, Kevin Brunner and Ivan Farman, according to a memo seen by Reuters.

The news agency reports that Brunner and Farman are based in New York and report to the global co-heads of M&A, Adrian Mee and Patrick Ramsey.

In the meantime, Reuters also reports that Alex Wilmot-Sitwell, president of Bank of America Merrill Lynch’s Europe, Middle East and Africa region, is leaving the bank, according to an internal memo seen by Reuters on Friday.

And Bloomberg News Doug Haynes, president at Steve Cohen’s hedge fund, has stepped down from his post after guiding the firm for four years in the wake of an insider trading scandal.

The resignation from Point72 Asset Management comes as Cohen stages a comeback as a hedge fund manager after a two-year ban, raising $3 billion in capital from outside investors, Cohen said.

Finally, Bloomberg News also reports that Standard Chartered has said it has placed its head of compliance on leave for an unspecified reason.

Tracey McDermott, head of corporate, public and regulatory affairs, is taking over his role temporarily, a spokesman said.

Chief Risk Officer Mark Smith continues to have overall responsibility for the risk and compliance functions, the spokesman added.

Bank of America promotes M&A bankers - memo

Bank of America's EMEA head to leave - memo

Point72's Haynes Resigns as Cohen Seeks a New Type of Leader

Standard Chartered Puts Compliance Head on Leave


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