The news agency also reports that Credit Suisse is to move its Moscow investment banking advisory operation to London as part of a cost-cutting drive, a source familiar with the matter said, as a dearth of deals pushes foreign bankers away from the Russian capital.
Peter Boyles, the bank's CEO for Continental Europe since 2010, was on Wednesday named by the bank as the new head of HSBC Private Bank.
Bloomberg reports that JPMorgan Chase has named Mark O’Donovan corporate controller, succeeding Shannon Warren.
Reuters reports that Man Group has hired hedge fund industry veteran John Rohal to head up its North America business, as the embattled fund firm tries to beef up its presence in the world's biggest hedge fund market.
Novelli, who has been co-head of global M&A, is departing to “pursue other interests,” Nomura said in a November staff memo obtained by Bloomberg News and confirmed by a bank official in London. He used to share the job with Kentaro Okuda, who became head of investment banking earlier this year.
Finally, Reuters reports that UBS said earlier this week that SAP executive Hubertus Kuelps will take over as communications and branding head on Jan. 1, the second high-profile move in the unit in a month.