Jasjit Bhattal, chief executive of Nomura's wholesale banking division, retired on Tuesday after less than two years in the position. [DealBook]
Bank of America Merrill Lynch laid off Michael Cho, the co-head of its Asia mergers and acquisitions team. [DealBook]
James Caron, head of United States interest rate strategy at Morgan Stanley, is being replaced by Laurence Mutkin who runs European fixed-income strategy in London. [Bloomberg]
HSBC named Stephen Bottomley the new head of North American commercial banking, replacing Mark Watkinson, who was assigned to a leadership position in Malta. [Businessweek]
Stanley Kwan, a banker who created the Hang Seng Index, a gauge for the Hong Kong Stock Exchange, died at 86. [Bloomberg]
AIG hired Murli Buluswar for the new position of science chief, overseeing a research team to improve loss forecasts and develop more accurate pricing. [WSJ]
Black Diamond Capital Management hired a former Och-Ziff fund manager Kenneth Rubin as a portfolio manager and senior managing director. [Hedge Fund Net]
Morgan Stanley’s Eric Grossman took over the position of legal chief from Frank Barron and was named to the firm’s operating committee. [DealBook]
Law firm Clifford Chance hired two Dewey & LeBoeuf mergers lawyers. [NY Times]
Raymond James named former Goldman Sachs Investment Management VP Shannon Reid to the new position of director of retirement solutions. [On Wall Street]
Morgan Stanley Smith Barney and Morgan Stanley Private Wealth Management hired 11 new advisors from competing firms including UBS, Oppenheimer, Wells Fargo and Merrill Lynch. [On Wall Street]
The resignation of Swiss National Bank Chairman Philipp Hildebrand shifted the spotlight here to the question of whether interim replacement Thomas Jordan will get the job permanently. [WSJ]
Judith Joan Sullivan joins Anderson Kill & Olick's Corporate and Securities Group, Will Chair Firm’s International Business Department.
ACCION, a pioneer and leader in global microfinance, today announced the appointment of Donella M. Rapier as its new Chief Development and Administration Officer.