Lou Lebedin, the head of J.P. Morgan’s prime brokerage unit, is out. [CNN Money]

The governor of the Bank of Spain, Miguel Ángel Fernández Ordóñez, will leave his post a month earlier than planned in the face of the country’s banking crisis. [NY Times]

Jürgen Fitschen and Anshu Jain are taking over as co-chief executives of Deutsche. [Bloomberg]

Wells Fargo Advisors promoted John Peluso to president of first clearing correspondent services. [On Wall Street]

A trader at Morgan Stanley is quitting the bank to work at London-based hedge fund Brevan Howard Asset Management. [WSJ]

Hong Kong-based hedge fund startup Expedition Advisors has hired Kam Bahra, former chief executive of Sparx Asia Investment Advisors, as COO. [Reuters]

Pennsylvania asset manager Copeland Capital hired Erik Granade as the head of international equities to launch its global dividend growth hedge fund. He comes from Invesco’s global equity team. [Hedge Fund Net]