Citigroup Inc. of New York has hired Alberto Cribiore as the vice chairman of its institutional clients group.

Mr. Cribiore was a member of the board of directors and the lead director at Merrill Lynch & Co. Inc., from which he has resigned. Before that he was a managing partner of Brera Capital Partners LLC, a global private-equity firm. He is still Brera's nonexecutive chairman.

Mr. Cribiore will report to John Avens, the institutional clients group's chief executive.

WESTWells Fargo & Co. of San Francisco has hired David Carroll as a senior vice president and West region property practice leader.

Mr. Carroll was a senior vice president and property practice leader at Willis Risk and Insurance Services in San Francisco. Before that he worked for Marsh Risk, a Marsh & McLennan Cos. unit.

INTERNATIONALUBS AG of Zurich has hired Carsten Kengeter as its global head of fixed income, currencies, and commodities.

Mr. Kengeter was a partner and co-head of Goldman Sachs Group Inc.'s securities division for Asia-Japan, overseeing all fixed-income products, currencies, and commodities products. Before that he worked for Barclays de Zoete Wedd as a credit derivatives trader and structurer. Mr. Kengeter will be based in London.

JPMorgan Chase & Co.'s Asia-Pacific division in Hong Kong has hired Kalpana Morparia to be chief executive officer.

Ms. Morparia had been a joint managing director until last year. Before that she had been a vice chairman of ICICI Group's insurance, asset management, and securities companies since 2001, and she was also the parent's chief strategy and communications officer. She had worked 33 years at ICICI, the largest private-sector financial services company in India.

Ms Morparia will assist in the development of several global initiatives being introduced from JPMorgan Chase's New York office.

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