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Three weeks after departing Bank of America Merrill Lynch, Orcel has convinced six of his former deputies to join him when he takes on his new role as co-head of investment banking at UBS in July. The dealmaker, who spent 20 years at the US bank, most recently as executive chairman of its global banking and markets unit, is currently on gardening leave. The  ix hires include Javier Oficialdegui, Bank of America’s investment banking country head for Spain; Javier Martinez-Piqueras, head of equity capital markets; Emilio Greco, who is based in Italy, and Alberto Palombi, who focuses on emerging markets. Orcel has also tapped Christian Montaudo, who works in Italy and Carles Guzman in Spain.

Andrea Orcel convinced six former Bank of America Merrill Lynch colleagues to join him at UBS; Yoël Zaoui's plans to step down at Goldman Sachs were revealed; and Bob Diamond came under pressure over his pay at Barclays (again).

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David Thomas

Barclays

Goldman Sachs

Bank of America

London Stock Exchange fires US employee after video of ‘racist’ altercation

‘I was considered the most junior person in the room’: Senior disabled finance workers on promotion battles and prejudiced attitudes

JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

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Find out who is on the move in the City and beyond this week

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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