Trading Places

The following financial services industry appointments were announced on Nov. 5, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

LEHMAN BROTHERS

Lehman Brothers Holdings Chief Executive Richard Fuld will step down from that post by year’s end, a spokesman for the bankrupt financial firm said. Fuld will continue as nonmanagement chairman of the board after leaving. A new CEO was not named.

PERMIRA

The private equity firm appointed James Fraser as head of financial services. Prior to joining Permira, Fraser was at L.E.K. Consulting in the U.K., U.S. and Australia, most recently co-head of L.E.K’s global financial services practice.

CITIGROUP

Citigroup has recruited Lehman Brothers Holdings’ former European head of equities technology, Rick Seidenstein, as global head of equities institutional sales and trading technology, the Wall Street Journal reports.

PERALLA WEINBERG PARTNERS

Boutique advisory firm and asset manager Perella Weinberg Partners has hired two former Lehman technology bankers, Paul Inouye and John Varughese, as partners to launch a West Coast office in the San Francisco Bay area, where they will provide strategic advisory services to clients in the technology sector, according to a statement.

FORTIS

The Dutch-Belgian financial services firm made a series of management changes, including the appointment of Karel De Boeck as chief executive. De Boeck joined the Fortis executive committee in 2000. In Octover 2007, he was appointed vice chairman of ABN Amro Bank, overseeing the integration of the Dutch bank into Fortis. The company also said it will announce the resignation of all the current board members and propose the election of Jan-Michiel Hessels, Philippe Bodson and Louis Cheung Chi Yan to the new board at the upcoming shareholder meetings in December.

LLOYDS TSB DEVELOPMENT CAPITAL

The private equity arm of the Lloyds TSB Group Plc appointed Daniel Sasaki as a director in its London office, with immediate effect. Prior, he was with Hemisphere Capital LLC.

SWEDBANK

Swedbank, Sweden’s fourth-biggest bank by market value, appointed Michael Wolf as chief executive. Wolf will take up his new position by April 24, 2009 at the latest. Wolf, currently acting head of debt collection firm Intrum Justitia, will replace Jan Liden.