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  • Charles Scharf will take over as chief executive and president of Wells Fargo next month, ending a six month period when an interim boss was in charge. Scharf comes from Bank of New York Mellon.
  • Credit Suisse has hired three senior members of CLSA’s China Reality Research group to form a new research team for the mainland.
  • Commerzbank has chosen its human resources boss Bettina Orlopp to be its new chief financial officer. She will oversee the bank’s new strategic programme — ‘5.0’ — which involves the corporate clients division hiring to focus on German distribution.
  • UniCredit forms sustainability team — UBS looks to raise game in green with SEB hire — SG reshuffles Paris ECM line-up
  • Broker Marex Solutions has launched a dedicated US OTC hedging entity, Marex Spectron, as it seeks to broaden its US offering.
  • Jesus Rio Cortes, a managing director at Bank of America Merilll Lynch in the EMEA securitization group, has joined Apollo Global Management.