News By Sector: Investment Banking

Friday, March 19, 2010

Morgan Stanley Adds Janice Dunnett, Dave Sandor and Ronnie Potel

Morgan Stanley has added three executives from Standard Chartered to lead its Asian-Pacific convertible bonds operations. The newly appointed bankers will be based in Hong Kong.

Janice Dunnett, a former head of StanChart, will take charge of Morgan Stanley’s convertible bond offerings in Asia starting from mid-April.

Standard Chartered ex-banker Dave Sandor will take over as vice president of Morgan Stanley.

Ronnie Potel, who is currently responsible for the equity unit of the British bank, will head Morgan Stanley’s convertible bond business for the Asia Pacific region.

-M2 EquityBites


Deutsche Bank Appoints Myles Walton

Deutsche Bank announced that Myles Walton has joined as a director and senior company research analyst within its global markets division.

Based in New York, Walton will oversee aerospace & defense research in the US and report to Steve Pollard, managing director and head of research in the Americas.

Walton joins Deutsche Bank from Oppenheimer, where he was a managing director and senior analyst covering aerospace & defense. Prior to Oppenheimer, he spent two years as an associate on the Institutional Investor ranked team at Morgan Stanley. Walton was a researcher in the aerospace Engineering Department at the Massachusetts Institute of Technology and also an employee of Northrop Grumman. -Business Wire


John Krupar Joins Loughlin Meghji

John Krupar has joined Loughlin Meghji as a managing director and leader of the firm’s performance improvement practice.

Krupar has 25 years of business transformation and turnaround experience, most recently as a partner with the Oliver Wyman consultancy, where he co-led the operational excellence practice and collaborated with that firm’s corporate finance unit.


Thursday, March 18, 2010

Morgan Keegan Appoints Robert A. Baird and Kevin H. Giddis

Morgan Keegan has formed a new division for investment banking. The Memphis based securities and investment banking subsidiary of Regions Financial is pulling its 300 investment bankers from two division’s equity capital markets and fixed income capital markets and putting them into the new unit.

Robert A. Baird, executive managing director and 31-year veteran of Morgan Keegan, has been named president of the new investment banking division.

Baird, 58, joined the firm in 1979 as one of its first investment bankers. For the past two years, he has served as president of the firm’s fixed income capital markets division. He has also headed the firm’s fixed income investment banking effort since 1996.

Kevin H. Giddis will replace Baird as president of fixed income capital markets division. -Company Website


Vetus Partners Appoints Jon Skelly

Vetus Partners announced that Jon Skelly has joined Vetus as a managing director.

Mr. Skelly has over a decade of middle-market investment banking and corporate development experience with privately-held as well as publicly-traded, Fortune 500 enterprises focused on the wholesale distribution sector. He has worked with or for many of the distribution industry’s leading participants, such as W.W. Grainger, HD Supply and Hughes Supply. He has specialized expertise in the sale and acquisition of middle-market distribution businesses and buy-side M&A financial advisory services for corporate acquirers and private equity firms. -Company Website


Jesse Axtell Joins Lightstone Securities

Lightstone Securities announced that Jesse Axtell has joined the company as vice president and Northwest regional director.

Axtell’s career includes successful stints as a financial advisor with Morgan Stanley Dean Witter; an internal wholesaler with MetLife, where he was promoted to regional vice president; and with KBS Capital Markets as their northwest representative. -Business Week


Mark Epley Joins Nomura Holdings Unit

Mark Epley joins Nomura Holdings as co-head of Nomura’s unit that advises on merger deals for buyout firms. He will be based in New York.

Epley joins from Deutsche Bank, where he led a team that caters to private equity firms. He joined Deutsche Bank in 2001.


Janney Montgomery Scott Appoints Brent Giese, James Stauss, Katrina Griessman, Austin Derris and Christopher Moses

Janney Montgomery Scott named former Bear Stearns executive Brent Giese to head the firm’s newly created whole loan initiative. Joining Giese is former Bear colleague, James Stauss.

Mr. Giese and Mr. Stauss, both named managing directors at Janney, have nearly 50 years of industry experience between them. At Janney the two will team with existing financial institutions professionals to provide comprehensive loan portfolio solutions and execution for clients in the banking sector.

For 10 years at Bear, Giese was a managing director and head of the mortgage origination group. He also spent six years at both UBS and JP Morgan.

Stauss most recently was VP, institutional sales at Raymond James & Associates. Previously he spent 4 years as a managing director at Bear Sterns, he also spent time at PNC Mortgage Securities and GE Capital Mortgage.

Janney also announced that it has added three veterans to its fixed income sales and trading practice in recent months.

Katrina Griessman joins Janney as a director, fixed income sales, in Atlanta, GA.

Griessman brings to Janney more than 25 years in the industry. Most recently she was with Atlanta-based fixed income boutique Angel Oak Capital Partners. Previously she was at Keefe Bruyette & Woods as senior vice president, institutional fixed income sales and UBS (Paine Webber) as senior vice president, global fixed income sales.

Austin Derris also joins Janney as a vice president located in Boston, MA.

Previously, Derris spent several years on Merrill Lynch’s institutional fixed income sales team.

Christopher Moses joins the firm as vice president non-agency MBS trading.

Moses most recently served as vice president at Bank of America Merrill Lynch. He also served in trading roles at Washington Mutual Capital and The Winter Group earlier in his career. -Business Wire


Wednesday, March 17, 2010

Bank of America Merrill Lynch Appoints Gene Reilly

Bank of America Merrill Lynch announced that it has appointed Gene Reilly as its Asia-Pacific head of equity execution services, as the U.S. bank strengthens its equity-trading capabilities.

Reilly, who was a Goldman partner and has worked in the region for 16 years, will be responsible for all aspects of share trading, from quantitative trading to algorithmic and electronic trading.


Morgan Stanley Appoints Nick Strain

Morgan Stanley has named Nick Strain as managing director and head of institutional sales in Asia for FX and emerging markets.

Strain joins from Royal Bank of Scotland in Singapore.


Keefe, Bruyette, & Woods Appoints Rick Jeffrey

Keefe, Bruyette, & Woods announced plans to bolster its presence in the convertible securities market by appointing Rick Jeffrey as senior vice president and head of the business.

Mr. Jeffrey comes to Keefe, Bruyette & Woods with more than two decades of relevant experience. Most recently, he was the managing director and head of convertible bonds at Knight Libertas and previously served as senior managing director and co-head of convertible bonds at Bear Stearns. -Business Wire


Commonfund Appoints Douglas Mcneely

Commonfund announced that Douglas McNeely was named managing director of the company and head of new markets, alternatives sales group.

McNeely was a senior member of the strategic client advisory team and previously co-head of the public fund and Taft-Hartley team within Morgan Stanley Investment Management’s institutional advisory group.


State Street Global Markets Adds John Herrmann

State Street Global Markets announced the appointment of John Herrmann to its global macro strategy team.

Herrmann, who joins State Street Global Markets as a senior fixed income strategist based in Boston, will report to Michael Metcalfe, global head of macro strategy.

Herrmann brings more than 15 years of experience as a forecaster of US macro-economic and employment growth and trends to his new role. -Business Wire


Monday, March 15, 2010

Andrew Pridham and John Steinthal to Join Moelis

Moelis, the New York-based investment bank, announced that Andrew Pridham will join the firm as managing director and head of investment banking for Australia.

Mr. Pridham most recently was executive chairman of investment banking at JPMorgan Australia. He has over 20 years of experience in investment banking and has worked in London, Singapore and Sydney. As executive chairman of JPMorgan’s investment bank in Australia he completed many major M&A, equity raising and other advisory transactions and played a leading role in the significant growth of JPMorgan’s Australian business. Prior to his six year tenure at JPMorgan, he spent 12 years at UBS where he held senior roles including global head of real estate investment banking and head of investment banking for Australasia. He was also a member of the UBS global investment banking management Committee.

Additionally, John Steinthal will join the firm as managing director and head of equities for Australia.

Mr. Steinthal was most recently a co-founder and principal of Edward Baillie Capital and previously was managing director and co-head of Australasian equities at UBS. He has over 20 years of experience in equities. He co-founded Edward Baillie Capital in 2004 to create and manage a successful suite of unlisted alternative investment products. Previously he was also at UBS in Australia for 14 years, managing a 170-person team as co-head of Australasian equities. -Business Wire


Roubini Global Economics Appoints Gina Sanchez, Natalia Grushina, Arun Motianey and Jennifer Kapila

Roubini Global Economics announced today that it has made major appointments to its market research and strategy team.

Gina Sanchez has joined the firm as a director, equity and asset allocation strategy.

Before coming to Roubini Global Economics as a global equity and asset allocation strategist, Ms. Sanchez spent four years as an institutional asset manager, serving at the California Endowment, a Los Angeles based foundation, as managing director of public investments and at the Ford Foundation, a New York based foundation, as director of public investments. In both roles, she was responsible for making asset allocation and manager selection recommendations for all external public managers, including both total return and absolute return strategies. In addition, she was a portfolio manager and strategist for eight years at American Century Investment Management in Mountain View, CA.

Natalia Gurushina has joined as director, emerging markets strategy.

Prior to joining Roubini Global Economics, Ms. Gurushina worked for Pantera Capital Management, a global macro hedge fund, where she developed investment strategies for both emerging and developed European markets. Prior to that, she was in charge of macroeconomic research for select economies in Europe, the Middle East, Africa and Russia at Deutsche Bank and Bankers Trust. Before joining the private sector, she analyzed economic and political developments in Russia and the former Soviet Union for the Open Society Institute in Prague.

Arun Motianey has been hired as director, fixed income strategy.

These three senior strategists are based in the United States.

Mr. Motianey joins Roubini Global Economics after twenty years at Citi. His last position was in that firm’s global wealth management division where he was managing director and head of macro research and strategy and a voting member of its global investment committee as well as its asset-liability committee. His career at Citi covered the full range of staff and business-line research positions, including several years in the emerging markets business.

Jennifer Kapila has joined as financial institutions analyst, based in London, in the United Kingdom.

Ms. Kapila comes to RGE after several years as a European banks analyst at Dresdner Kleinwort in London.

All will work closely with Arnab Das, managing director of market research and strategy based in London and New York. -PRNewswire


Friday, March 12, 2010

Kaku Nakhate Joins Bank of America Merrill Lynch

Bank of America Merrill Lynch has announced that Kaku Nakhate has joined the company to become country head of India, replacing Kevan Watts. She will report to Brian Brille, president, Bank of America Merrill Lynch, Asia Pacific.

Nakhate joins from JP Morgan where she was vice chairman of JP Morgan India. Prior to that, she held several senior positions in global markets and equities at DSP Merrill Lynch, where she worked for more than 18 years. Her most recent position was as head of global markets. -India Infoline Ltd.


Aaron Hill and Keith Sipes Join Thomas Weisel Partners Group

Thomas Weisel Partners Group announced the Aaron Hill has joined the firm as a managing director and head of telecom investment banking and Keith Sipes has joined the firm as a director in investment banking focused on media.

Mr. Hill has spent 25 years as an investment banker most recently at Cowen and Company, where he was head of telecom for the past 3 years.

Mr. Sipes has more than 13 years of banking experience and was previously with Merrill Lynch for over a decade. -Market Wire


Michael Tu Joins Global Hunter Securities

Global Hunter Securities announced that Michael Tu has joined the company’s research department as vice president and senior analyst, healthcare.

Tu will focus on Global Hunter’s expanding coverage of healthcare companies, including those which are based in China and the U.S.

Tu brings to Global Hunter more than a decade of experience, most recently serving as a director in the equity research group of Oppenheimer in New York, where his coverage focused on both China- and U.S.-based healthcare companies. He previously served as an equity analyst for Maxim Group, Jefferies and Banc of America Securities, where he focused on covering medical devices and technology. Prior to his career in equity research, he spent approximately six years in other areas of the financial services industry, primarily as a trader on the buy side. -Business Wire


Houlihan Lokey Appoints Robert Hyer

Houlihan Lokey announced that Robert Hyer joined the firm from Greenhill to head a new practice focusing on companies in the financial technology industry.

Hyer, a 23-year veteran, will be joined by Bruce Urbanek, a financial technology specialist formerly with Goldman Sachs and Citigroup.

Hyer also spent nine years at Citigroup, where he established the bank’s global electronic services group. -Company Website


Nomura Appoints Mark Edgar

Nomura has appointed Mark Edgar to lead its US convertible bond sales business.

Edgar comes from Jones Trading where he set up the equity firm’s convertible bond trading desk. -M2 EquityBites


Susquehanna Financial Appoints Michael Towey

Susquehanna Financial announced that Michael Towey has joined the company as director of research. He will be based in SFG’s New York office.

Mr. Towey has worked in the equities arena for more than 15 years, most recently at Pali Capital where he was co-head of U.S. equities. Prior to joining Pali, he worked for CIBC World Markets as its deputy head of U.S. equities and head of U.S. equity trading. -PR Newswire


Thursday, March 11, 2010

Montgomery Appoints Paul DiNardo

Montgomery announced that Paul DiNardo has joined the firm as vice chairman and head of technology banking.

DiNardo will lead the firm’s technology practice from its San Francisco office.

With over 20 years experience in software investment banking and corporate development, DiNardo joins Montgomery most recently from Credit Suisse Group, where he was a managing director and head of global software investment banking. -Business Wire


Wednesday, March 10, 2010

Kevin Frisch and Peter Marquis Join FBR Capital Markets

FBR Capital Markets announced that Kevin Frisch and Peter Marquis have joined the firm as managing directors within investment banking.

Mr. Frisch joins FBR Capital Markets’ diversified industrials group in Arlington, Virginia, and Mr. Marquis joins the energy & natural resources group in New York.

Mr. Frisch joins FBR Capital Markets after spending nearly 10 years of his career at Lehman Brothers. At Lehman Brothers he was focused on industrial clients both as a member of the firm’s global mergers and acquisitions group and subsequently as lead coverage officer in its corporate advisory group. He began his career as an analyst at Chase Securities and later worked at Oppenheimer.

Mr. Marquis joins FBR Capital Markets from GE Energy Financial Services where he was a managing director, origination, within its power group. Prior to GE, he was a director in Lazard Frères’ global power and utilities group and held similar positions at Morgan Stanley, SG Barr Devlin and Smith Barney. -PrimeNewswire


Stone & Youngberg Promotes Kevin Schultze, Brian Fox, Mike Blake, Jason Aiello, Andrew Blesser, Mike Finley, Jake Campos, Jared Boldemean, John Hutchinson, J.P. Scanlon, Marie Autphenne, Betsy Keyes and Charlene Graham

Stone & Youngberg, announced key promotions across all areas of the firm.

Kevin Schultze has been promoted to managing director in the portfolio strategy group.

Schultze is the firm’s acting chief economist, responsible for developing fixed income strategies for the firm’s institutional fixed income clients. He has more than 20 years expertise in fixed income portfolio management.

Brian Fox has been promoted to managing director in the municipal sales and trading group.

Fox has been with Stone & Youngberg for seven years. He began his career in municipal trading in 1996 and has worked for major firms in both San Francisco and New York, including UBS and Bankers Trust, now Deutsche Bank.

Additionally, the following members of Stone & Youngberg were promoted to vice president: Mike Blake, in the municipal sales and trading group, based in San Francisco; Jason Aiello, in the taxable group, based in New York; Andrew Blesser, in the taxable group, based in Chicago; Mike Finley, in the portfolio strategy group, based in Chicago; Jake Campos, in the public finance group, based in San Francisco; Jared Boldemann, in the private client group, based in San Francisco; John Hutchinson, in the private client group, based in San Francisco; and J.P. Scanlon, in the private client group, based in San Francisco.

There are three promotions to assistant vice president, all based in the firm’s San Francisco headquarters: Marie Autphenne in the municipal credit group, Betsy Keyes, in the municipal sales and trading group, and Charlene Graham, in the firm’s private client group. -Business Wire


Eric Retzlaff Joins Lightstone Securities

Lightstone Securities announced that Eric Retzlaff has joined the company as senior vice president for business development. He will report to Stephen H. Hamrick, the company’s president.

Retzlaff will focus initially on Lightstone’s growing network of broker-dealers.

Prior to joining Lightstone Securities, Retzlaff served as a senior vice president for AXA Equitable. -PR Newswire


R.J. O’Brien & Associates Appoints Steffen van Keppel and Tod Mitchell

R.J. O’Brien & Associates announced that it has hired two experienced brokers to head the the firm’s energy brokerage team.

Steffen van Keppel and Tod Mitchell have joined RJO, both as senior vice president, energy.

Van Keppel and Mitchell will help grow RJO’s existing energy business and service institutional and commercial clients with their expertise.

Working as a team for the past 24 years managing energy brokerage and Houston branch offices for futures brokerage firms and an introducing broker, most recently, van Keppel was branch manager and first vice president, and Mitchell was first vice president – sales, for Newedge USA. -PR Newswire


Tuesday, March 9, 2010

Deutsche Bank Securities Appoints Michael Linenberg

Deutsche Bank Securities announced that Michael Linenberg has joined as a managing director and senior company research analyst within its global markets division.

Based in New York, Linenberg will oversee airline and aircraft leasing research in the US and report to Steve Pollard, managing director and head of research in the Americas.

Prior to joining the bank, Linenberg spent his 18-year career at Merrill Lynch and was most recently a managing director and co-head of basic materials and industrials research. -Business Wire


Morgan Stanley Appoints Gary Shedlin

Morgan Stanley has hired Gary Shedlin as vice chairman for investment banking.

Shedlin was chairman of Citigroup’s global financial institutions group.


BTIG Appoints Robert Langer

BTIG announced the launch of a U.S. convertible securities business to complement its existing equities, derivatives, fixed income and prime brokerage groups. It will be led by Robert Langer, managing director and head of convertible sales and trading, who joins BTIG along with a team of five experienced sales and trading professionals.

Prior to joining BTIG, Langer was a partner at Stanfield Capital Group, a hedge fund/asset manager based in New York, where he established and was the senior portfolio manager of a convertible/capital structure arbitrage fund. -Business Wire


Monday, March 8, 2010

Deutsche Bank Appoints Steve Abrahams

Deutsche Bank announced that Steve Abrahams has joined as a managing director and head of securitization and mortgage-backed securities research within the firm’s global markets division. He is based in New York and reports to Marcel Cassard, managing director and global head of macro and fixed income research.

Abrahams joins Deutsche Bank with almost 20 years of securitization research and portfolio management experience, and was most recently the founder and a managing director at Citadel Capital Advisors. Before that he was the global head of liquid product strategy at Bear Stearns. He was previously a credit portfolio manager at Freddie Mac and a senior analyst at Morgan Stanley. -Business Wire


Berchwood Partners Appoints Terry L. Wetterman Jr. and John A. DiOrio

Berchwood Partners announced the hiring of two new members to its team. Both will be based at the firm’s New York office.

Terry L. Wetterman, Jr. is joining the firm as a vice president with over nine years of global private equity placement experience.

Prior to BerchWood, Wetterman worked in the private equity funds group at Merrill Lynch for more than eight years in total. He focused on origination, due diligence and marketing for alternative investment managers, across various investment strategies including U.S. and European buyouts, structured equity, distressed debt, mezzanine, venture capital, real estate, royalties and hedge funds.

John A. DiOrio is joining as an analyst with three years of experience in fund marketing and client relationship management.

DiOria joins BerchWood from Monument Group where he worked as a client services associate. There, he managed the administrative fundraising process for multiple alternative investment managers, from initial due diligence through the final fund close, with responsibility for coordinating investor dialogue and creating promotional materials. -Company Website


Friday, March 5, 2010

Broadpoint Capital Appoints Michael Voelker

Broadpoint Capital announced that Michael Voelker will head the investment grade group in its debt capital markets division. The group will include the division’s investment grade hybrid and preferred securities efforts.

Mr. Voelker, who joined Broadpoint Gleacher in July of 2009, brings over 20 years of experience in sales, trading and management. Since joining the firm, he has led the preferred/hybrids group in the debt capital markets division.

Prior to joining Broadpoint Gleacher, Mr. Voelker was co-head of the investment grade credit division of Bank of America. -Business Wire


Knight Libertas Appoints Charles R. Mounts and Christopher A. Recouso

Knight Libertas announced the appointments of Charles R. Mounts as managing director and Christopher A. Recouso as director, both in fixed income research.

Mr. Mounts will be responsible for coverage of the financial sector. He is the former co-head of fixed income, currencies and commodities research at UBS.

Mr. Recouso will cover emerging markets issuers and distressed debt. He is a well-regarded analyst specializing in emerging markets. -PR Newswire


David Grove Joins Needham

Needham announced that David Grove has joined the firm as a managing director in its internet & digital media investment banking group. He will be based in the Menlo Park, California office.

Prior to joining Needham, Mr. Grove was a managing director at Bank of America, where he focused on a diverse client base, including digital media clients. His experience includes a wide variety of equity, debt and private placement financings and advisory assignments for a diverse set of companies, including digital media, clean technology, and semiconductors. -Business Wire


Thursday, March 4, 2010

Deutsche Bank Securities Appoints Dominic Konstamas

Deutsche Bank Securities announced that Dominic Konstam will join as managing director and global head of rates research within the bank’s global markets division.

In this role, Konstam will be focusing on developing the bank’s fixed income research platform in the US and globally expanding its range of products on the platform and level of client service. He will report to Marcel Cassard, global head of macro and fixed income research, and be based in New York. His appointment will be effective June 1, 2010.

Konstam joins Deutsche Bank with over 18 years of fixed income research experience and was most recently global head of interest rates research at Credit Suisse, where he oversaw macro strategy, derivatives and treasury research. -Business Wire


Charles Mills Joins Houlihan Lokey

Houlihan Lokey announced that Charles W. Mills has joined the Atlanta office as a managing director, heading up mergers and acquisitions for the Southeast U.S. region.

In his new role, Mr. Mills will provide strategic financial advice to leading companies in the southeast and will assist clients in raising capital and mergers and acquisitions.

Before joining Houlihan Lokey, Mr. Mills headed Macquarie Capital’s M&A practice in the Southeast U.S. region. He also previously served as managing director and head of the industrial practice group at SunTrust Robinson Humphrey, where he specialized in providing private equity and corporate clients with financial advisory and capital raising services.


Sebastien Maurin Joins Perella Weinberg Partners

Perella Weinberg Partners announced that Sebastien Maurin has joined the firm as a managing director in its corporate advisory group.

Mr. Maurin will focus on restructuring and distressed merger and acquisition transactions. He will be based in London.

Mr. Maurin was most recently a senior member of the debt restructuring advisory business at MPC Longberry.


Stifel Nicolaus Appoints Stephan Kuppenheimer and Shez Bandukwala

Stifel, Nicolaus has expanded its full-service capital markets platform through the creation of Stifel Capital Advisors (SCA), led by Stephan Kuppenheimer and other professionals. SCA will focus on providing asset management, portfolio advisory, and capital markets services to financial institutions and governmental entities, as well as creative structured solutions for illiquid assets.

Mr. Kuppenheimer joins Stifel from FSI Capital where he served as CEO. He also served as director and co-head of the U.S. structured credit products group at Merrill Lynch.

Stifel, Nicolaus also announced that Shez Bandukwala has joined the firm’s investment banking group as head of its cleantech investment banking team. He will report to Victor Nesi, director of investment banking and co-director of capital markets.

Mr. Bandukwala has 17 years of banking and financial industry experience. He was previously group head of the greentech & alternative energy practice at ThinkEquity. Prior to ThinkEquity, he was an investment banker at William Blair for 10 years, where he was a principal in corporate finance and focused on business development and leading execution teams. -Business Wire


KBW Hires Michael Errichetti

KBW is bolstering its real estate business with the addition of Michael Errichetti as managing director and head of real estate investment banking, effective immediately. -Business Wire


BTIG Hires Alexander Piper and James Zurovchak

BTIG announced that it has hired Alexander Piper and James Zurovchak as it continues to expand its fixed income group.

Piper joins BTIG as a director in the fixed income high yield sales team.

Prior to BTIG, Piper was with Imperial Capital, where he spent five years in high yield, bank debt and equity sales, and Jefferies, where he handled bonds direct.

Zurovchak joins BTIG as a director in RMBS sales team and will also be trading agency CMOs.

Zurovchak comes to BTIG from Source Capital Group, a RMBS boutique broker dealer, where he focused on RMBS sales. Prior to joining Source Capital, he held various sales and trading roles at Federal Home Loan Bank of Chicago, Nomura and Kidder Peabody. He also spent several years as a research analyst developing RMBS/CMO/portfolio management models for JP Morgan and MetLife. -Business Wire


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