The company's board also appointed fellow directors William Weldon, chairman of Johnson & Johnson, and real estate developer Laban Jackson to the inquiry panel.
The new hires, who joined the firm in late July and early August, came from UBS Wealth Management Americas, Bank of America's Merrill Lynch, Wells Fargo Advisors and LPL Financial.
The leadership shuffle, detailed in an internal memo seen by Dow Jones Newswires, was announced internally Tuesday by Roberto Hoornweg and Rajeev Misra, global co-heads of the Swiss banking company's fixed-income, currencies and commodities division.
Financial firms in London, besieged by Europe’s sovereign-debt crisis, probably will shrink their workforce this year, snapping a hiring rebound from 2008’s credit crisis as New York’s industry ekes out job growth.
One of the largest multi-asset players in United Kingdom fund management has lost one of its leading managers, aiCIO has learned, as its assets in the sector top £60 billion.
Institutions are keen to see the changes pushed through soon, however, to demonstrate that the bank is moving on.
Sources at the bank, one of the Middle East's largest financial institutions, said key shareholders failed to back Shoman, whose family founded the bank in Jerusalem, after a months-long dispute with CEO Nemah al-Sabbagh over his management of the ba
“These two senior appointments will play a pivotal role in both Mercer’s global and regional strategies, in particular developing wealth management solutions that are second to none,” said Stephen Roberts, Mercer’s Regional Busines
Mr. Toone was Credit Suisse’s Co-Head of Commodity Sales for the Asia Pacific, and will join Commonwealth Bank of Australia in October as Global Head of Commodities. He will continue to facilitate mining project finance.
He will report to James Courtenay, the bank's global head of advisory and infrastructure finance, the bank said.