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.
Nick Tranter joined equities broker Execution on August 3 as head of derivatives, a new role intended to develop the firm's institutional and hedge fund derivatives business .