People: Moves at Jefferies, BofA, Nomura, Citi, Deutsche and Barclay's

Putnam's retirement unit undergoes a big shake-up. [Investment News]

Credit Suisse Cuts CEO Dougan's pay by 34% after its profit drops. [Bloomberg]

Deutsche Bank hired named Ben Solomon from Goldman Sachs as head of its commercial-mortgage backed securities trading as banks ramp up their real estate debt businesses. [BusinessWeek]

Jefferies CEO's total 2010 pay was $47.3 million. [WSJ]

Federal Reserve president Thomas Hoenig to retire. [AP]

Citigroup hires UBS European M&A head Guerin for asset sales. [Bloomberg]

Barclays Capital hired Josh Connor from Morgan Stanley to head its global transportation investment banking team. [Dealbook]

Glenn Schiffman, the head of Nomura Holdings' investment banking for the Americas, is leaving the firm. [Bloomberg]

Jefferies Group named former Moody's senior analyst Alexander Yavorsky as a managing director in its financial institutions group. [Bloomberg]

BofA will hire three executives for its online retail and mobile banking services. [BusinessWeek]

Citigroup Hires 2 Senior Bankers in London. [Dealbook]