Gerhard Seebacher, co-head of global fixed-income, currency and commodities trading at Bank of America, is leaving after 18 years at the firm, said two people briefed on the matter.
Bloomberg News reports that Seebacher led the business withDavid Sobotka, who will remain as sole head of the unit, according to the people, who asked not to be identified because the change hasn’t been announced publicly.
Seebacher will retire at the end of this month to pursue other opportunities in the industry.
In the meantime, Bloomberg also reports that Bank of America has hired Ellis Chu from Citigroup as head of its China mergers advisory team, two people with knowledge of the matter said.
Chu is set to join the bank this year and will report to Stephen Gore, head of Asia mergers and acquisitions at Bank of America, said one of the people, who asked not to be identified before an official announcement is made. Chu was previously a director at Citigroup’s M&A team in Asia.
Tait, who was previously global head of FX trading at the Swiss bank, replaces Todd Sandoz, who is leaving the company, Credit Suisse said in an emailed statement.
Minter, who resigned last year as global head of DB private equity, is set to join the Zurich-based firm next month.
Moge was named executive director and head of insurance portfolio management for Europe, the Middle East and Africa, according to a memo last month from Mike Siegel, global head of Goldman Sachs’s insurance asset management unit.
Reuters reports that Standard Chartered has appointed its Middle East, North Africa and Pakistan Chief Executive, Christos Papadopoulos, to head its Islamic banking arm, the emerging markets-focused lender said this week.
Papadopoulos will continue to based in Dubai and take over additional role as the chairman of Standard Chartered Saadiq Islamic Banking unit, the bank said.
Finally, Reuters reports that UBS has hired former Barclays banker, Agung Prabowo, to lead its investment bank in Indonesia, southeast Asia's biggest economy, a source with the knowledge of the matter said this week.