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MOVES-Bank of America, JPMorgan, ICAP, Raymond James, FM Global
July 11 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.
BANK OF AMERICA CORP
The second-largest U.S bank has appointed Mayank Saxena as head of its Southeast Asia financial institutions group (FIG), the latest in a spurt of investment bank hires in the financials sector amid a surge of dealmaking in Asia by banks and insurers.
Saxena will report to Patrick Porritt, Bank of America Merrill Lynch's new Asia Pacific FIG head, and to Southeast Asia investment banking head Chris Gammons, the U.S. bank said in an internal memo seen by Reuters on Friday.
JPMORGAN CHASE & CO (Xetra: 850628 - news)
The largest U.S. bank named Greg Guyett co-head of Asia-Pacific banking as part of a management restructuring in the region, Bloomberg reported, citing a memo.
Guyett will succeed Therese Esperdy, who is returning to the United States to become global chairman of the financial institutions group, the report said.
The world's largest brokerage said on Thursday that the co-heads of its flagship electronic foreign exchange trading platform, EBS Market, had left the firm amid a management shake-up at the broader business.
Darryl Hooker, who has been head of strategic currency initiatives at ICAP, is taking over from former co-heads John Schoen and Nichola Hunter, the company said in an emailed statement.
RAYMOND JAMES & ASSOCIATES
The branch-based arm of parent company Raymond James Financial, hired a team of securities brokers away from UBS Financial Services, where they managed $575 million in client assets, the firm announced on Thursday.
Henry Hauser and Suzette Dybiec joined Raymond James' Bexley, Ohio, branch on May 2 from UBS (NYSEArca: FBGX - news) .
FM GLOBAL
The commercial and industrial property insurer said Thomas Lawson (Other OTC: LWSOF - news) will succeed Shivan Subramaniam as chief executive, effective Jan. 1, 2015.
Lawson, currently an executive vice president, joined the company in 1979.
Subramaniam will retire on Dec. 31, after 40 years with the company, but will remain chairman of the board. (Compiled by Rohit T.K. in Bangalore)
