People News: Moves at BofA, MSSB, Morgan Stanley, UBS and MetLife

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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.

[Bloomberg]

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]

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