Wednesday, October 31, 2007
Federated Investors announced two appointments for its Federated MDT Advisers. Edward S. Foss was named chief operating officer and senior portfolio strategist of MDT Advisers, a Federated Advisory Company. James M. Heaton was appointed senior portfolio strategist of MDT Advisers. The announcements were made by John B. Fisher, president and chief executive officer, Federated Advisory [...]
BlackRock announced that Stan O’Neal, former chairman and CEO of Merrill Lynch, has resigned from the company’s board of directors. Currently, the board consists of 16 directors, 10 of whom are independent and not affiliated with BlackRock.-Business Wire
Carlton Advisory Services hired Marc Belsky as a managing director of Carlton Strategic Ventures. Belsky is responsible for sourcing and underwriting real estate acquisitions. Most recently, he was a principal with Bonjour Capital in New York. Before that, Belsky was vice president of acquisitions and dispositions at JFR Global Investments. Also, Thomas Fear, who has [...]
MRU Holdings announced that John P. Derham has joined the company as chief marketing officer, reporting to Raza Khan, president and co-founder. In this new position, John will oversee all aspects of MRU Holdings’ corporate marketing operations, including brand marketing for MyRichUncle(TM). John joins MRU Holdings with nearly 20 years of marketing and business development [...]
HCC Insurance Holdings announced that Adam S. Pessin has been promoted to president of the company’s American Contractors Indemnity Company (ACIC) subsidiary. Before joining the company in 2002, Pessin was a senior manager at KPMG. At ACIC he served in positions including senior vice president of corporate operations of ACIC, and most recently he was [...]
CLX Investment Company announced a management transition whereby consultant CEO Steven R. Peacock will step down from that position as of November 1, 2007, and Zonda chief executive officer Vera Leonard will be appointed to the position of president and chief executive officer of CLX. Ms. Leonard has served as CEO of Zonda since August [...]
CRA RogersCasey announced the hiring of Gregory G. Moore, CFA as chief investment officer, multi-manager solutions. Moore will be responsible for managing ongoing asset allocation and investment manager oversight for Rogerscasey’s multi-manager investment solutions including MasterManagerSM- the firms outsourced pension, foundation and endowment investment platform and the Retire FundsSM- the firms target date funds program [...]
Tuesday, October 30, 2007
Stan O’Neal, chairman and chief executive officer of Merrill Lynch & Co., has decided to retire from the company effective immediately, the company announced today. Mr. O’Neal has been chief executive officer of the company since December 2002 and joined the company 21 years ago. The company said the board of directors has elected Alberto [...]
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BNP Paribas announced appointment of Abhijit Raha as head of institutional equities and corporate finance for BNP Paribas in India. BNP Paribas also announces the appointment of Abhijit Raha as the CEO for the proposed Joint Venture Company between BNP Paribas Securities Asia and the company. This proposed entity, to be fully managed by BNP [...]
Citi Markets & Banking announced that Paul H. Simpson is joining its Citigroup Global Transaction Services division in December to head global efforts around the Public Sector and Healthcare market segments. Reporting directly to Paul Galant, CEO of Global Transaction Services, Paul Simpson will assume this new global role to sharpen the focus on solutions [...]
Imperial Finance & Trading announced the appointment of Drew McMullen as vice president of credit. He will oversee the firm’s team of financial analysts, analyze and approve individual deals, and monitor the overall asset portfolios. He will also work closely with the financial institutions that provide credit facilities to Imperial. McMullen brings over nine years [...]
John O’Sullivan will join Credit Suisse Group as chairman of the Australia investment banking department early next year. O’Sullivan will arrive from Commonwealth Bank of Australia, where he has been general counsel and a member of the executive committee since October 2003. From 1983 till 2003, he was a partner at Freehills.-The Daily Deal
MFC Global Investment Management, has hired William M. Sheehan as a managing director responsible for sales and business development in the institutional investment market. Mr. Sheehan, who reports to Barry H. Evans, MFC Global president, joined the firm last month. Prior to joining MFC Global, Mr. Sheehan spent nine years as a founder and managing [...]
Specialty Underwriters’ Alliance has announced that William Loder, chief underwriting officer, has resigned from the company effective January 1, 2008.-PR Newswire
Ventas announced that Lisa M. Brush has joined the company as senior vice president–senior housing development and operations. She reports to Raymond J. Lewis, executive vice president and chief investment officer. Brush, who is a CMA and CPA, most recently served as executive vice president and chief operating officer of Sunrise Senior Living REIT prior [...]
First California Financial Group announced Walter Duchanin, 54, is joining the company in mid-November as executive vice president and chief credit officer. Duchanin brings to First California more than two decades of experience as a credit administrator. Duchanin was most recently executive vice president and chief credit officer at Preferred Bank, based in Los Angeles.-Market [...]
Monday, October 29, 2007
The French bank has named Jay O’Neil as head of the Houston office, effective November 2, 2007. He joins from Merrill Lynch, where he was most recently the market leader for the Private Banking & Investment Group in the New England and Mid-Atlantic regions. -M2 Communications
Citigroup had hired Jeffrey Applegate to be the chief investment officer for its global wealth management unit. Mr. Applegate is to oversee investment strategy for Citi Global Management, which comprises the Citi Smith Barney brokerage, Citi Private Bank, and Citi Investment Research. He succeeds Paul Guidone, who left the company in early April. Mr. Applegate [...]
Silver Hill Financial announced the addition of a business development department in a nationwide expansion of its field sales force. Bill Breed, David Contreras and Brent King have joined the company as business development directors, overseeing a nationwide team of relationship managers. The group will continue to grow over the next several months.-PR Newswire
HCC Insurance Holdings announced that James A. Lauerman has been promoted to president of HCC’s Avemco Insurance Company subsidiary. Lauerman, who was executive vice president-insurance operations and chief underwriting officer of Avemco before being promoted to president, has been in the insurance industry since 1991, serving in several positions including vice president of underwriting at [...]
UnionBanCal Corporation and its primary subsidiary Union Bank of California announced the appointment of Executive Vice Presidents Grant Ahearn and Michael Stedman to the bank’s executive management committee, which serves as the bank’s primary policy-making body. Ahearn has served as an executive vice president since 2001. Stedman was appointed executive vice president of the bank’s [...]
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Stern Brothers & Co. has opened a Los Angeles office.
The office will be led by investment bankers Charlie Forrest, who has experience in California’s market, and Bill Reisner, who specializes in corporate tax-exempt bonds. -Kansas City Star
Graystone Park Enterprises appointed Steve Burhoe, the current CEO of Oxy Agen, as CEO of the company and will be providing more insight into the joint venture operations at the next stockholders meeting planned to be held in December. -M2 Presswire
Greenhill & Co., an independent investment bank, announced today that Douglas Black, Q.C. will join the firm as a senior advisor based in Calgary, Alberta. Mr. Black, who has a legal and business career in Canada, will focus on expanding Greenhill’s advisory activities in that market. Greenhill serves the Canadian market through its office in [...]
OppenheimerFunds (OFI), an asset management company, has appointed Darren Walsh to the position of executive vice president of OppenheimerFunds and president of OppenheimerFunds Services (OFS). OFS, a division of OFI, provides transfer agency services to the company’s shareholder accounts which hold shares in the more than 80 Oppenheimer mutual funds. He will also be responsible [...]
Friday, October 26, 2007
Deutsche Bank added Daniel Feehan to its trust and securities services business in Boston, part of the global transaction banking division. He is a director and head of exchange services. Feehan was a senior vice president at Chicago Deferred Exchange and was previously with J.P. Morgan Property Exchange.
In London, Brice Benaben was named a managing [...]
Jeffrey Gould was named a managing director and global head of distribution for Citigroup alternative investments. Gould joins from hedge fund Renaissance Technologies, where he was president of Renaissance Institutional Management. Before that, he was with Putnam Investments for 17 years. Earlier, Gould was a vice president of institutional sales for Citicorp Investment Management and [...]
AARP Services announced the appointment of Larry Renfro as president and chief executive officer. Since 2005, Renfro has served as both chief operating officer of AARP Services and president of AARP Financial, a subsidiary of AARP Services. Renfro will maintain his role as president of AARP Financial, which began operations in September 2005. Renfro also [...]
Tristone Capital announced that Mr. Brian Williams has been appointed managing director, investment banking at Tristone Capital’s Houston office. He will be responsible for North American energy service investment banking. Mr. Williams brings to Tristone over 8 years of experience in energy service investment banking, in both the US and Canada. Formerly, he was with [...]
Cantor Fitzgerald announced that Chairman and Chief Executive Howard W. Lutnick would be taking over the firm’s fixed-income trading and sales business, succeeding Irvin Goldman, who left the closely held firm after four years.-The New York Times
Standard & Poor’s announced the appointment of Peter de Boer as managing director and head of strategy and business development for Standard & Poor’s. In this newly created role, Peter will be responsible for identifying ways Standard & Poor’s can serve its customers throughout the world. He will lead Standard & Poor’s effort to identify [...]
Bank of America Corporation announced that New Hampshire President Michael C. Whitney will retire after a 30-year career in the state’s financial services industry. John F. Weeks will succeed Whitney as New Hampshire state president. Weeks will retain his current role as market executive for U.S. Trust, Bank of America Private Wealth Management in New [...]
Jones Lang LaSalle announced that it has agreed to acquire the assets of Klatskin Associates, and Klatskin Associates Management Company, the New Jersey operations of the former Lee & Klatskin Associates, a provider of integrated industrial real estate services in New Jersey. Charles Klatskin, a pioneer in the industrial sector of the real estate industry [...]
The company announced the appointment of Scott L. Bok and Simon A. Borrows, previously co-presidents of the firm, as co-chief executive officers. Mr. Greenhill will remain as chairman.-PR Newswire
Uni-Ter Underwriting Management Corporation announced that Jeri Lambert, an insurance executive with more than 25 years in the business, has been named senior vice president-compliance. Lambert moved up to senior vice president-compliance after serving Uni-Ter for the last five years as senior claims analyst with additional responsibilities in the underwriting division for program filings and [...]
Thursday, October 25, 2007
Commerce National Bank announced that Larry V. Sorensen has been appointed executive vice president and chief financial officer. Mr. Sorensen brings significant experience in asset liability management, liquidity, funding and pricing strategies, and financial reporting. Most recently, Mr. Sorensen was the executive vice president and chief financial officer of Northern Empire Bancshares, a publicly traded [...]
Morgan Stanley announced that Michael Hehn and Eric Fry have joined Morgan Stanley as managing directors in Morgan Stanley Private Equity. Mr. Fry joined from Metalmark in August 2007 based in New York; Mr. Hehn was most recently at Allianz Capital Partners and will join the firm in December 2007 based in London. They will [...]
The Boston Company Asset Management promoted David H. Cameron has been promoted from chief investment officer to chief executive officer and president. Corey A. Griffin, who had been chairman and chief executive officer, made the announcement and said he will retain his position as chairman. Cameron will report to Griffin.
Cameron has nearly 30 years of [...]
Bank of America will eliminate 3,000 jobs, an announcement that came less than a week after the bank reported a huge drop in earnings for the third quarter. The cuts will affect less than 2% of the company’s staff. Most of them will be from Bank of America’s investment banking unit.
Gene Taylor, head of global [...]
Jefferies & Company tapped three managing directors and one senior vice president from Wachovia Securities for the firm’s consumer and retail investment banking group in Charlotte, N.C. Richard DiDonato will lead the consumer and retail leveraged finance effort. Other hires include Grant Rice, John Tibe and senior vice president Ryan Fischer. Jim Walsh joined Jefferies [...]
