UBS named the leaders of its investment bank after the completion of its merger with cross-town rival, as senior Credit Suisse executives step down in the wake of the deal. Michael Ebert, who was promoted to co-head Credit Suisse's investment bank in a leadership overhaul last year, has been named head of Credit Suisse for the investment bank. David Miller, the co-head of Credit Suisse's investment bank, will depart, and Ken Pang, co-head of markets, is also set to leave.

Morgan Stanley hired a senior dealmaker from JPMorgan to co-head its coverage of consumer and retail clients in Europe. Thomas Christl is set to join the Wall Street bank later in the summer as co-head of consumer and retail investment banking in Europe, the Middle East and Africa. He will work alongside Imran Ansari, who currently leads the team in the region.