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Deutsche Bank has hired former Citigroup executive John Gallo
The German bank has hired John Gallo to be head of its institutional client group for debt in North America, according to people familiar with the matter. That puts him in charge of the bank's fixed income sales force in the region. He replaces Lou Jaffe, who left the bank earlier this summer after a twenty-year career at Deutsche Bank. Gallo had been head of sales to investors in North America at Citigroup up until his departure in March. He previously ... Full investment news article
California State Pension Funds Will Soon Divest From Coal
King Coal is long deposed, and the state of California is taking steps to make sure than none if its investment dollars are used to support the "dirty" energy industry. Related to this, the California Assembly passed legislation on Wednesday that requires the state’s public employee pension funds to divest from coal companies. Full investment news article