Macquarie Capital announced the appointment of Sanjay Agarwal as its head of equity capital markets in India.
Agarwal, who has more than 11-years of financial services experience, has joined from Edelweiss Capital where he was involved in a large number of fund-raising exercises and structuring innovative products. -Asia Pulse
KeyBanc Capital Markets announced that Brad T. Swanson has joined the firm as a managing director in its consumer & retail group. Scott Green has also joined the company’s consumer & retail group as an associate. They will be based in Key’s Atlanta office.
Swanson will lead Key’s investment banking efforts in the restaurants and food service/distribution space.
Swanson brings more than 13 years of investment banking experience to his position. Prior to joining Key, he spent over eight years at RBC Capital Markets where he led the firm’s restaurant investment banking efforts and also led RBC’s overall consumer practice.
Southport Financial Corp. announced that former Associated Bank and State Financial Bank executive Mike Falbo has been appointed president and CEO. He replaces Jerry Schwallier.
Falbo most recently was CEO of TierOne Bank in Lincoln, Neb. -Milwaukee Business Journal
On August 27, 2010, HealthMarkets appointed K. Alec Mahmood as the company’s senior vice president and chief financial officer, effective October 1, 2010. He will replace Steven P. Erwin.
Mahmood, age 40, currently serves as the company’s senior vice president, financial planning & analysis. He also serves as senior vice president, financial planning & analysis, and a member of the board of directors of the company’s principal insurance subsidiaries: The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company. -SEC Form 8k
Presidential Life Corp. has named Duncan Szeto as the new chief actuary of Presidential Life Insurance Company, effective August 18, 2010. He replaces Jerrold Scher.
Szeto joined Presidential Life in 2007 as vice president, financial modeling. Prior to joining the company, he served in various actuarial roles at MetLife, Inviva, and Prudential Financial. He also has several years’ actuarial consulting and audit firm experience. -Business Wire
Morgan Stanley has announced that Mitchell Nadel has been appointed as head of fixed income trading in Japan.
Nadel joins Morgan Stanley from Bank of America Corp. where he was head of Japan and Australia rates and foreign-exchange trading.
Holliday Fenoglio Fowler announced that Randy Baird has joined the firm as a senior managing director in the investment sales group. He will be based in its Dallas office.
Baird will also assume a role in the guidance of HFF’s national industrial sales platform.
Baird has more than 20 years of experience in commercial real estate and will join HFF’s Jud Clements and Robby Rieke in focusing on industrial investment sales. -Business Wire
JPMorgan Chase & Co. announced that Michael O’Brien has joined to head the global institutional sales for funds and alternative investment products.
O’Brien was previously with BlackRock. -Wall Street Journal Abstracts
HSBC Holdings has appointed Doug Baikie as its new head of corporate banking in Scotland. He succeeds Irene Grant, who will become senior vice-president of corporate banking in California, managing teams in Los Angeles and San Francisco.
Baikie has 14 years’ experience in corporate and commercial banking. He most recently served as a global relationship manager. -Aberdeen Press and Journal
Westlake Securities announced that it has appointed Terry Fick and Brad Purifoy as partners and managing directors, as well as co-managers of its new Dallas office.
Fick and Purifoy’s responsibilities will include new business development and facilitating mergers and acquisitions, as well as capital-related transactions.
Fick was chairman of Corporate Finance Associates (CFA), where he spent 20 years prior to two years at Allegiance Capital.
Purifoy has over 25 years of executive experience in investment banking. Prior to joining Westlake Securities, he served as managing director for CFA and senior vice president for Allegiance Capital. -Datamonitor NewsWire
Scottish Widows Investment Partnership (SWIP) has appointed Andrew November as director of equities.
As director of equities, November will have overall responsibility for the investment philosophy and process, as well as directing the UK equities, international equities and dealing and derivatives teams.
November has been part of SWIP’s executive team since 2003 and was joint chief investment officer for six years. More recently he oversaw the creation of SWIP’s investment solutions team. He will also continue to oversee the investment solutions team on an interim basis until his replacement is appointed. -Datamonitor NewsWire
C.M. Capital Corporation announced that Bruce W. Madding has joined the company as president and chief investment officer, effective July 1, 2010.
Most recently, Madding served as chief financial and investment officer. -PR Newswire
Vimal Patel has joined Bertram Capital Management as a vice president.
Patel previously was a principal with Sierra Ventures.
TA Associates announced that Lisa Harris has joined the firm as a vice president in the financial services and consumer group. She will be based in its Boston office.
Harris will focus on investments in financial, business and other growth services companies.
Harris joins the company with previous investment experience as an associate at Centerbridge Partners where she evaluated and executed private equity and special situation investments across multiple industries. She was previously an analyst in the investment banking division of Goldman, Sachs & Co.
First American Financial Corporation announced the appointments of Max O. Valdes as chief financial officer and Mark E. Seaton as senior vice president, finance.
Valdes is a seasoned executive who has been with the company for more than 22 years. He brings extensive experience to his new position, having served as First American’s interim chief financial officer from January 2006 through March 2006 and from April 2008 to January 2009. He was named to his most recent position as senior vice president and chief accounting officer for the parent company in 2006.
Seaton, who joined First American in 2006, will lead the company’s treasury, finance, investment management and investor relations activities. -PR Newswire
UBS AG has appointed Yoshifumi Watanabe, formerly with Citigroup, to head its financial industry coverage team in Japan. The new hire in UBS Securities Japan is effective from August 26, 2010. Prior to joining UBS, Watanabe served the same function at Citigroup global markets Japan, where he helped fund-raising initiatives of Japanese banking giants Mizuho Financial Group and Mitsubishi UFJ Financial Group among others.
Nationwide Financial Services has named Kevin McGarry as director, retirement income strategies for the company. Prior to joining Nationwide, McGarry was Eastern divisional sales manager for AllianceBernstein’s sub advisory group.
On August 24, 2010, Angel Acquisition Corp. accepted the resignations of Peter Burns as a member of the board of directors and Steven Bonenberger as president. Mr. Bonenberger will continue to serve as chief executive officer, chief financial officer and chairman of the board of directors. Effective on the same date the registrant appointed Lew Graham as president, chief operating officer and a member of the board of directors. In addition, the Registrant appointed Michael Edwards as a member of the board of directors. The board of directors now consists of Steven Bonenberger, Lew Graham and Michael Edwards. -SEC Form 8k
Erie Indemnity Co. announced the appointments of two executive vice presidents to be effective September 1, 2010. The company appointed John F. Kearns to the newly created position of executive vice president, sales & marketing. Kearns will oversee the company’s sales & agency and the strategic marketing divisions. The company also appointed George “Chip” D. Dufala executive vice president, services. In this role, also new to the company, Dufala will oversee the claims and corporate services divisions. Kearns joined the company in 2007 as senior vice president and division officer, commercial lines underwriting. He began his career in the insurance industry in 1976 at Sun Alliance in Dublin, Ireland. A native of Dublin, Kearns served as chief executive officer of St. Paul Ireland. Before coming to The ERIE, he was president of financial and professional services at St. Paul Travelers. Dufala previously served as senior vice president of Erie Family Life Insurance Company, a member of the Erie Insurance Group of companies. He joined The ERIE in 1993 in field operations and has since held several leadership positions, including regional vice president and senior vice president of customer service operations. The company is conducting a search for a new senior vice president of Erie Family Life. In addition to these appointments, the company announced that Eric Root is succeeding Kearns in leading ERIE’s commercial operations. Root has been with The ERIE since 1993. He most recently served as senior vice president and branch manager for field operations throughout northwestern Pennsylvania. -PR Newswire
Lawson-Hawks Insurance Associates announced the recent addition of John Stege of Aptos, California, as a vice president and broker for the employee benefits division for the venerable Mountain View, CA-based risk manager, insurance intermediary and broker.
Dresner Partners announced that Jamie Lisac has joined the firm as managing director and will lead the financial restructuring and corporate turnaround practice. Mr. Lisac specializes in complex corporate restructurings and reorganizations of distressed middle-market companies, both in and outside of Chapter 11, either on behalf of the company or its stakeholders. He has also advised clients on finance, accounting and treasury management operations as well as the formulation and implementation of cost reduction initiatives while serving in senior level interim management roles. Mr. Lisac has a broad range of industry experience including automotive, sub-prime mortgage, energy, printing, retail and wholesale music and entertainment, public utilities and distribution and manufacturing. Prior to joining Dresner Partners, Mr. Lisac held senior positions at leading restructuring firms AlixPartners and FTI Consulting. -Market Wire
Software Equity Group, LLC announced the addition of Dennis Clerke to its deal team. Clerke, who joins as executive vice president, brings to SEG more than twenty years of experience and success as a software entrepreneur, dealmaker, CEO of venture-backed software companies, and executive level strategist with deep expertise in software company financing, operations, product development, sales and channel development. -Market Wire
ACE Limited announced new aenior appointments for ACE Asia Pacific’s property & casualty unit insurance writers. The company announced two senior appointments for its property & casualty business unit in the region. The individuals are: Peter Kuczer, global client executive, Asia Pacific: Peter is part of a new team of global client executives who are tasked to work collaboratively with clients and distribution partners in major markets around the world. This single point of engagement is the cornerstone of ACE’s global program solutions, where brokers and clients can avail themselves to ACE’s multi-line, global network of products, services and industry-leading technology. Jason Keen, regional property underwriter: Based in Singapore for his newly created position, Jason will focus on the corporate property business being placed by major brokers into the Singapore market; a key centre for major property placements in Asia. With a strong underwriting background and track record, Jason will underwrite and coordinate major placements with ACE offices around the region. Jason, who was previously with a major UK insurance syndicate, will commence with ACE on 1 October, following his relocation from the US. -Asia Pulse
Morgan Stanley is bolstering its investment management unit, adding two new hires to its team. The investment bank hired Jack O’Connor, an alum of Pioneer Investments, to head institutional sales and Paul Julius, formerly at Credit Suiss, to be the unit’s chief financial officer. -Midnight Trader
Citigroup, Inc. announced the appointment of Paul Hodes as Asia Pacific head of traditional managed investment products for its wealth management business. Based in Singapore, he reports to Jonathan Larsen, Asia Pacific head of regional consumer banking, and Debashish Dutta Gupta, Asia Pacific head of investments for wealth management. Since December 2007, Hodes has been based in Kuala Lumpur managing Citibank Malaysia’s Retail Bank.
Chartis has named Pedro Fernandes as its UK chief financial officer as part of a European restructuring. He will report to Chartis UK managing director Jim Shea, and into a new pan-European entity created by Chartis. Fernandes, ex-chief financial officer of Genworth Financial UK Holdings, replaces Simon Wood, who has been promoted to roll out Chartis’s new accounting systems across Europe. Wood is no longer a director of Chartis UK. Nigel Childs has also stepped down as a director following his promotion to chief financial officer of Chartis Global Markets, while Shea will join Chartis Insurance UK’s board.
Meadowbrook Insurance Group Inc. announced the appointment of John P. Shallcross as director of investor relations & capital strategies. Mr. Shallcross brings over 7 years of accounting/finance experience and has been with Meadowbrook for nearly two years, working primarily on special projects in the accounting and finance department. Prior to joining Meadowbrook, John spent several years as an analyst at a middle market private equity firm. -PRNewswire
Vail Resorts Inc. announced that Alex Iskenderian was promoted to chief operating officer and senior vice president for Vail Resorts Development Company, effective immediately. Iskenderian brings more than a decade of leadership and experience with VRDC in both Eagle and Summit Counties to this new overall leadership role, most recently as vice president of development where he oversaw all real estate development activities for VRDC for the Breckenridge and Keystone Resorts. Iskenderian joined Vail Resorts Development Company in 1997 and previously served as vice president and general counsel and as vice president of development. He will now oversee all day-to-day VRDC initiatives and projects and will continue to report to Jeff Jones, senior executive vice president and chief financial officer of Vail Resorts. -PR Newswire
Cornish & Carey Commercial, Inc. appointed Bryan Courson as senior vice president. He is former managing partner at Cassidy Turley BT Commercial’s San Francisco office division. -San Jose Mercury News
GVA Kidder Mathews Company appointed Tim Castello as senior vice president. Recently, he was senior vice president at Limar Realty Group. -San Jose Mercury News
UBS has appointed Wei Cai as co-manager of its investment banking business in China.
Cai, a former Morgan Stanley banker, will share the responsibility with Ju Zhao.
Paul Stapleton has joined Media Venture Partners as a managing director.
Stapleton will help lead MVP’s practice servicing data center, hosting and managed service providers. He will be based in Boulder, Colorado.
Stapleton has an established foundation in investment banking for the data center and hosting industries, leading M&A transactions and providing capital raising advisory services for market-leading providers of data center services, enterprise hosting, SaaS, mass-market hosting and online media. Most recently, he served for four years as managing director for DH Capital. Before that, he was a consultant and owner of Niwot Capital, where he worked with Landmark Media Enterprises and its data center subsidiary, Continental Broadband, as it expanded into new markets by acquisition.
Philip Hall has been appointed as managing director of HCC Specialty Underwriters.
Hall has been with HCCSU since 2005, when he assumed responsibility for the company’s sports, high limit disability and contingency portfolio. Prior to joining the company, he spent 10 years as a broker with Marsh, working in its sport, leisure and entertainment division. -Post Magazine
Reznick Capital Markets announced the appointment of John Lustgarten as its managing director.
Based in the firm’s Los Angeles office, Lustgarten will expand the firm’s national focus on the capital markets sector of the commercial real estate industry. He will serve a broad base of clients including real estate owners, operators and developers. -Business Wire
J.P. Morgan Asset Management has appointed Jim Fuell as head of global liquidity for Europe, the Middle East and Africa, or EMEA. He will report directly to Robert Deutsch, head of global liquidity at JP Morgan Asset Management.
In his new role, Fuell will oversee sales and marketing for the liquidity business in the UK and continental Europe.
Fuell has been an employee of JP Morgan Asset Management since 2006 working to develop corporate business as part of the global liquidity team in London. He previously worked for Deutsche Bank’s global banking business in Tokyo and has held corporate banking roles at Citibank and the Bank of Tokyo Mitsubishi. -Datamonitor NewsWire
Transamerica Retirement Services has named Charmaine Hughes as vice president of business development.
Hughes will be responsible for Transamerica’s distribution relationships with broker-dealer firms.
Hughes has almost two decades of professional marketing, sales and management experience, including eight years in retirement product development.
International Assets announced that it had appointed Fabio Solferini as head of its Brazilian operations, currently conducted through its wholly owned subsidiary, FCStone do Brasil.
Solferini has previously worked with many of INTL’s senior executives and will be responsible for heading up INTL’s operations in Brazil an important long-term strategic initiative for INTL, given the size of Brazil’s economy and its large agricultural sector. -Company Website
Highland Capital Partners announced that Manish Patel has joined the firm as a principal.
Based in Highland’s Menlo Park office, Patel will expand Highland’s reach into Silicon Valley’s entrepreneurial community and help identify and work with the next crop of game-changing startups.
Patel joins Highland from Google where he has held diverse product management and executive management roles. His experience ranged from serving as a lead product manager for Google’s advanced imagery and 3D mapping initiatives to helping grow the company’s advertising and syndication efforts. -PR Newswire
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