Bank of America has reportedly let go Charles Bingham, head of loan syndications for Europe, the Middle East and Africa, as it works towards its goal of reducing its head count by 35,000 following its acquisition of Merrill Lynch. Bingham was one of roughly 1,900 BofA and Merrill employees cut in London. Their departures comes just after BofA cut two top Merrill guys from its Asia-Pacific debt capital markets team: Ajay Sawhney, head of Asian leveraged finance, and Jon Pratt, head of Asia debt capital markets outside Japan and Australia. Other top Merrill people to have left recently include the firm's former head of U.S. leveraged finance Greg Margolies, who joined Ares Management. He is now a senior partner and head of the capital markets group for the Los Angeles-based alternative asset manager.
Anthony "Buddy" Piszel was named chief financial officer and treasurer at First American Corp. Piszel was the former executive vice president and chief financial officer at Freddie Mac, where he started in November 2006. He left the company after it was placed into conservatorship in September 2008. Prior to the GSE, Piszel was the chief financial officer for Health Net, and before that, he held a number of senior financial positions at Prudential Financial. His final job at Prudential was senior vice president and corporate controller, lasting from 1998 to 2004. At First American, he will head up the financial reporting group, capital markets activities and investor relations.