Financial News presents a round-up of the top hires and job switches in the financial services industry that you may have missed over the past two weeks...

Bank of America names new chief of Merrill brokerage
Bank of America has named Andy Sieg as the next head of its Merrill Lynch unit. Sieg, currently the head of retirement solutions at the bank's global wealth and investing unit, is taking over the role on January 1. He is replacing John Thiel, who is 56 years old and staying within Bank of America as vice-chairman of the global wealth unit. Sieg, a 24-year Merrill veteran, has played a key role at Merrill in recent years. He was also considered a candidate for the top job at Merrill in 2011 before Thiel was eventually named.