Tim Throsby will take over as global head of equities.
Mr. Yates will be succeeded by Andrew Formica, Henderson's head of equities.
Peter Cumming, head of equities at Standard Life, said: "Kraft is getting a good deal.
In addition, Rick Bartlett has been appointed head of equities for the Americas, succeeding Mr. O'Donnell.
Richard Hunter, the head of equities at Hargreaves Lansdown in London, said the earnings were "safe and dependable".
Henry Mulholland, the head of equities for the Americas, says: "It's been a major slog through the mud.
He became head of equities, investment banking, and corporate finance for a small company called Tricom Equities.
"The index turned around in the closing auction" in London, said Jimmy Yates, head of equities at CMC Markets.
"The situation in Southern Europe remains one of disappointment," said Richard Hunter, the head of equities at Hargreaves Lansdown Stockbrokers.
Nick Pink, most recently Head of Equities EMEA, has been named Global Director of Research, effective immediately.
"But wherever there's healthy growth, there's also fierce competition," said Richard Hunter, head of equities at Hargreaves Lansdown in London.
