The board of governors of the US Federal Reserve System has chosen Denis Hughes to be chairman of the Federal Reserve Bank of New York for the remainder of 2009.
David Pinchin will retire from his position as chief operating officer (COO) for the Swiss brokerage Compagnie Financiere Tradition (CFT) from August 31.
RBS Global Banking and Markets has appointed Stephen Einchcomb as head of equity derivatives strategy for Europe and the US.
Christopher Bae and Thomas Gillie will join Bank of America as managing directors and co-heads of global foreign exchange options in October.
Jason Richardson has been promoted to head of local markets trading across all asset classes at Royal Bank of Scotland (RBS).
Thomas Vergnaud has joined Chicago-based hedge fund Citadel as a portfolio manager with responsibility for derivatives strategy.
Peter Toolan and Anna Faustini have joined Société Générale's US interest rates and foreign exchange derivatives team for corporates.
Joseph Chang has joined Citi Global Markets, the brokerage and securities arm of Citigroup, as head of Asian equities trading, excluding Australia and Japan.
UBS has hired 17 people for its fixed-income, currency and commodities (FICC) division, which has been a main contributor to the bank's losses in recent quarters.
Hans Fuchs has been promoted to the newly created position of chief operating officer for Barclays Capital's Asian global finance and risk solutions group.
Jean-Pierre Mustier, the former head of Société Générale Corporate and Investment Banking (SGCIB), has left the firm after the Autorité des Marchés Financiers (AMF) launched an investigation against him for insider trading.
Edward DeMarco has been appointed acting director of the Federal Housing Finance Agency (FHFA) in Washington, DC, taking over from James Lockhart, who announced his resignation yesterday.
Robert Benmosche will join AIG as chief executive later this month.