Rashique Rahman has joined Morgan Stanley as a managing director and global head of emerging markets fixed income strategy.

Mark Bailey has been appointed head of EMEA for Bank of America Merrill Lynch's global equity financing and services platform.

Citi has appointed Bill Mills and Alberto Verme as CEOs and new regional leaders in the EMEA region. Mills will continue to be responsible for Citi’s business in Western Europe and Africa and Verme for the business in Central and Eastern Europe and the Middle East.

Lukas Ruflin has been appointed deputy CEO of EFG International, returning from EFG Financial Products which he co-founded in 2007. In his new role, he will focus on further development and execution of the firm’s strategy, working closely with CEO Lawrence Howell and his colleagues in the executive committee.

Japanese bank Nomura has hired Selim Toker from UBS as head of its global finance solutions team for Europe, the Middle East and Africa, according to an internal memo.

First National Bank of Botswana Limited (FNBB) has appointed Lorato Boakgomo-Ntakhwana as CEO of the bank. She will be the first Motswana woman to hold this position.

Exotix, a frontier market broker and investment banking boutique, has recruited Vikas Nath as its new chief executive to strengthen its senior management team, following three years of rapid growth.
 

Barclays Capital has hired 450 bankers to strengthen its equity business in Europe and Asia since the autumn, as it aims to become a top three player in Europe by 2011. It is 18th in European ECM league tables at present.

VocaLink, an international payment transaction specialist, has appointed Claire Hafner to its board as CFO. Hafner will be responsible for all aspects of the company’s financial management, including the accounting, commercial, procurement, legal, and risk and compliance functions.

The board of The United Bank for Africa has appointed Alhaji Bello as executive director with supervisory responsibilities for the bank’s interstate transaction business. The appointment is subject to the confirmation of the Central Bank of Nigeria.

Armajaro Asset Management has appointed Michel Danechi to manage a new emerging markets hedge fund which was launched earlier this year.
 

On September 1, David Law will join Standard Chartered as the managing director and regional head of the origination and client coverage (OCC) team for the Middle East and North Africa (Mena). Law will report to V. Shankar, member of the Standard Chartered group management committee and group head of origination and client coverage.