People News: Moves at BofA, MSSB, Morgan Stanley, UBS and MetLife
Michael DePietro left his job as Morgan Stanley's head of trading for American mortgage bonds without government backing. [Bloomberg]
Legendary investor Bill Miller in April will step down from Legg Mason Value Trust after 30 years, and will be succeeded by Sam Peters. [WSJ]
MSSB hired seven new financial advisors in New York, New Jersey and Ohio with more than $1.17 billion in client assets under management. [On Wall Street]
Morgan Stanley hired Richard Lindquist from Guggenheim Partners as head of high yield in its asset management business.
MSSB hired two financial advisors from UBS Financial Services in Garden City, N.Y. [On Wall Street]
UBS chairman of investment banking in Japan Yasuki Matsui will resign by the end of the year. [Businessweek]
MetLife is looking for a new CEO and head of its Asia business as chief Steven Kandarian reshapes management. [Bloomberg]
UBS said Ed Carroll and Hector Freitas will take over as co-heads of its commodities business. [Businessweek]
Paresh Upadhyaya, head of Americas Group of 10 currency strategy at BofA is leaving the firm to become director of foreign exchange at Pioneer. [Bloomberg]
