Marsh's Oliver Wyman promotes Rosberg, ZayZoon raises 15 million

Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.

Roundup slide on Rosberg's promotion at Marsh’s Oliver Wyman

Rosberg to head banking and financial services at Marsh’s Oliver Wyman

Management consultant Mariya Rosberg has been named Americas head of banking and financial services at Oliver Wyman, a unit of Marsh McLennan. Rosberg, based in the New York City headquarters, got her start at Oliver Wyman after graduating from Dartmouth and Tufts' Fletcher School of Diplomacy. After several years there, she worked as a banker at Merrill Lynch and Deutsche Bank before returning to Oliver Wyman in 2019 to run its Americas corporate and institutional banking group. She sits on the leadership committees for the firm's global and Americas businesses. — Chana Schoenberger
ZayZoon President and Co-Founder Tate Hackert
ZayZoon President and Co-Founder Tate Hackert.

ZayZoon raised $15 million for earned wage access

Calgary, Canada-based startup ZayZoon has raised $15 million in a new funding round led by Viola Fintech, with participation from Intuit Ventures and others. The firm, launched 10 years ago, supports a platform that gives employees of participating firms early access to their earned wages through a mobile app and associated debit card. ZayZoon plans to use the funds to expand its reach to small and midsize companies across the U.S. To date, ZayZoon has raised $46.5 million from various sources. — Kate Fitzgerald
Wells Fargo 072823
Cooper Neill/Bloomberg

Wells Fargo hires A&D banker Randy Lynch from BofA

Wells Fargo has hired specialist aerospace and defense banker Randy Lynch from Bank of America, a person familiar with the matter said. Lynch has joined the San Francisco-based lender in New York as a managing director in its industrials group, according to the person. He'll focus on aerospace and defense clients and report to Meara Kelley, Wells Fargo's head of industrials.

A representative for Wells Fargo confirmed the hire and declined to comment further. A spokesperson for Bank of America declined to comment.

Lynch was most recently global head of aerospace and defense at Bank of America, the person said. He previously held a similar role at Morgan Stanley, according to his LinkedIn profile. — Ryan Gould, Bloomberg News
Wire pickup for roundup slide one Winston Cheng's exit
Luke MacGregor/Bloomberg

HSBC’s top tech banker Winston Cheng exits to join tech firm

HSBC Holdings' Winston Cheng, global co-head of technology, media and telecom, is leaving the bank to join a major tech firm. Cheng joined HSBC's investment banking team in 2021, based in Hong Kong, and together with Dan Bailey built out the team with key hires in China, Southeast Asia and India, according to a memo seen by Bloomberg News. A spokesperson for the bank confirmed the memo. 

Bailey will continue to lead TMT globally, while Cheng will be joining a Fortune 500 company in the tech industry in mid-April, the memo said. 

Cheng was previously president of international at JD.com, where he led international investments and mergers and acquisitions. Before that, he worked in investment banking for 20 years, with stints at Bank of America, Merrill Lynch and Goldman Sachs Group. — Denise Wee, Bloomberg News
Bank of America
Sergio Flores/Bloomberg

BofA promotes veteran European health care dealmaker Simon Ives

Bank of America has appointed veteran health care banker Simon Ives as chair of its corporate and investment bank in Europe, the Middle East and Africa.

In the new role, London-based Ives will continue to cover health care clients while expanding his remit to deepen the bank's relationships across other sectors in the U.K., according to an internal memo seen by Bloomberg. 

Ives will report to Alex Bettamio and Thomas Sheehan, Bank of America's co-heads of global investment banking, and Jim O'Neil, head of EMEA corporate and investment banking, the memo shows. The dealmaker, who joined the firm in 2001, was previously chair of EMEA health care investment banking. — Jan-Henrik Förster, Bloomberg News
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