Keefe, Bruyette & Woods is cutting its staff by 13 percent and CEO John Duffy is stepping down following a cancer diagnosis. [WSJ]
Freddie Mac CEO Charles E. "Ed" Haldeman will step down during the coming year. [CNN Money]
Former Mercer CEO M. Michele Burns was elected to Goldman's board. [DealBook]
BofA hired Morgan Stanley managing director Glenn Koh to lead equity derivatives trading in the Americas. [Bloomberg]
The Carlyle Group has hired Sanghyun Lee from Affinity Equity Partners as a managing director to lead the company's South Korean investments. [Reuters]
Barclays Wealth announced the hiring of six advisors in its Boston, New York, Dallas and Miami offices. [On Wall Street]
Naresh Naik, who runs Morgan Stanley's real estate fund in India, is leaving to start his own fund. [Reuters]
