Inside views on the jobs market
Job Bank – Nov.20
The following financial services industry appointments were announced on November 20, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail email@example.com.
LEHMAN BROTHERS HOLDINGS
Bryan Marsal will take over as Chief Executive of Lehman Brother’s Holdings, Inc at close of business December 31, 2008 according to court testimony by Harvey Miller, an attorney representing the firm. At a U.S. bankruptcy court hearing in Manhattan today, Miller said the firm’s board of directors had approved the appointment. Marsal, who is currently the chief restructuring officer of the firm, will replace Richard Fuld as company CEO.
ONTARIO TEACHERS’ PENSION PLAN
Neil Petroff has been named Executive Vice-President, Investments and Chief Investment Officer of the Toronto-based Ontario Teachers’ Pension Plan (Teachers’), replacing the retiring Robert Bertram, effective by year’s end. He is currently group senior vice-president of investments. Prior to joining Teachers’ in 1990, Bertram spent 18 years at Telus Corporation, formerly Alberta Government Telephone.
FIRST NATIONAL BANK
David B. Yates has been named Senior Vice President, Corporate Strategies Coordinator at the Hermitage, Pa-based First National Bank. Yates is also tapped to lead the bank’s private banking business segment. He will report to Vincent J. Delie, Jr., president of the banking group.
FIRST HORIZON NATIONAL CORP
First Horizon National Corp has named William Losch III as the firm’s new chief financial officer. Losch III was recruited away from Wachovia Corp and will begin his appointment at First Horizon January 1, 2009.
LATHAM & WATKINS, LLP
International law firm Latham & Watkins LLP has announced the appointments of Kathleen Walsh and Andrea Schwartzman to the firm’s New York office as partners in the Corporate Department and Alan Van Dyke to the firm’s Chicago office as a partner in the Tax Department. All three attorneys were previously partners at Mayer Brown, LLP. Walsh and Schwartzman were co-leaders of Mayer Brown’s Private Investment Fund Practice Group. Van Dyke served as co-head of Mayer Brown’s transactional tax practice from 1996 to 2004.
Boston-based Fidelity Investments has named Michael Durbin as president of its institutional wealth services division, which provides trading, custody and brokerage services to more than 3,500 registered investment advisers, trust institutions and third-party administrators. Durbin joins the firm after 18 years with Morgan Stanley of New York, where he served most recently as chief operating officer of the national sales division of its global wealth management group.
KOHLBERG KRAVIS ROBERTS & CO
Citigroup’s South Asia chief executive, Sanjay Nayar, has quit to run private-equity firm Kohlberg Kravis Roberts & Co’s new Indian unit, leaving the struggling bank after a 23-year career. Nayar will be based in Mumbai. Separately, KKR announced the appointment of Ludo Bammens as director of European corporate affairs. Bammens will be based in London and joins in January. He was with Coca-Cola Company Europe Group earlier.
Citigroup named Mark Robinson, a 24-year Citi emerging market veteran, as Sanjay Nayar’s replacement. Robinson is currently president of Citibank ZAO, Citi Country Officer for Russia and Division Head for Russia, Ukraine and Kazakhstan, the bank said in a statement.
The global human capital consulting arm of Aon Corp hired Barry Greenstein as senior vice president in its Corporate Transactions group, which focuses on mergers, acquisitions, divestitures and restructuring. Greenstein previously served as a senior actuary and principal in Mercer. He joined Aon Consulting on Nov. 17, and is based in New York.
MIDCAP ADVISORS LLC
The investment bank appointed Richard Jackim as a managing director. He was previously with Christman Group.
EVOLUTION SECURITIES LTD
The investment bank, which is a part of British financial services firm Evolution Group Plc, named Mike Hardman as head of Fixed-Income Sales and David Wright as senior sales executive. Hardman was formerly head of UK Credit Sales at Royal Bank of Scotland and David Wright was head of UK Flow Credit Sales at Morgan Stanley & Co International.
IMPAX GROUP PLC
The environmental investment company hired Victor Juttmann as investment manager and Caroline Barraclough as marketing manager. Juttmann, who worked as a tax lawyer at De Brauw Blackstone Westbroek earlier, will join Impax’s private-equity team and will be responsible for commercial, legal and tax work related to solar and wind energy portfolios of Impax New Energy Investors. Barraclough was formerly investor communications manager at Carbon International.
The privately owned Dutch bank appointed Ronil Sujan as managing director and head of mergers & acquisitions and corporate advisory, Asia Pacific, with immediate effect. He was managing director and head of Investment Banking, Singapore earlier.
The independent investment bank named Jeremy McKeown as head of sales to its UK Equities team. He was most recently with Investec Bank.