Bank of America trader moves to Brevan Howard after failing to get regulatory approval. Michael Foresti has joined Brevan Howard after being forced out of Bank of America in December. Foresti was hired as head of European fixed-income trading for Bank of America, but failed to get regulatory clearance because of his previous role at Deutsche Bank. Foresti hasn’t been accused of any wrongdoing, but he as part of a 2008 Deutsche deal with an Italian bank. Bloomberg
Pimco grabs Apollo’s CFO. Pimco has hired John Lane as alternatives CFO. Lane comes to the firm from Apollo where he worked as CFO of private equity and real estate. He previously worked as CFO of Lehman Brothers’ private equity. FinAlternatives
Soros loses vet to launch his own fund. Dai Jixin has left Soros Fund Management after 11 years to start his own global macro fund in Hong Kong. Dai is hoping to raie about $750 million for his Trigram Global Macro Fund. NexChange
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