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Inside views on the jobs market

Job Bank – Oct. 29

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The following financial services industry appointment was announced on October 29, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

Goldman Sachs
Goldman Sachs Group Inc on Wednesday promoted 94 employees to partner, the firm’s highest rank and one offering lucrative bonuses. Every two years, Goldman names a class of managing directors to the exclusive rank of “partner managing director.” The system offers about 400 employees the chance to share a fifth of the firm’s total compensation pool.

Credit Suisse
Credit Suisse AG hired a former Lehman Brothers banker for a newly created investment banking position as it continues to refocus its business. Colin Welch will join the Swiss bank in November as head of investment banking for retail and luxury goods in Europe, Middle East and Africa, according to an internal memo provided by Credit Suisse. Welch headed retail investment banking for Europe and the Middle East at the collapsed Lehman.

Moody’s Corp
Moody’s, parent of credit ratings agency Moody’s Investors Service, said Darrell Duffie was elected to its board of directors. Duffie, 54, is the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business.

Banks for the wealthy still hiring in Asia

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New York City Comptroller William Thompson has increased his forecast for the number of securities industry workers who could be laid off in the city to 35,000 from 25,000, but banks in Asia are still looking to bulk up. Top brass speaking at the Reuters Wealth Management Summit this week said their expansion plans for Asia are largely intact.

Joseph Poon, who heads the Private Wealth Asia division of Australia’s Macquarie Group, said its recently set-up Asian private banking unit will hire another 30-35 client advisers in the next three to five years.

Job Bank – Oct. 13

The following are job changes within the financial industry for Oct. 10, linked where possible to personal and company profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

LLOYDS TSB CORPORATE MARKETS

The bank appointed Grant Harrison as a director in its equity capital markets (ECM) and M&A advisory business.

Job Bank – Oct. 10

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The following are job changes within the financial industry for Oct. 10, linked where possible to personal and company profiles on LinkedIn. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

CREDIT SUISSE
Laurent Charbonnier will join Credit Suisse as a Director on the Metals & Mining team in the EMEA Energy Group in the Investment Banking Department, starting in December, according to an internal memo. Charbonnier will move to Credit Suisse from UBS AG, where he most recently served as executive director and European head of steel, paper, packaging in global industrial group.

Wall Street’s high-profile ‘job jumpers’

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The New York Times’ Dealbook takes a look at some of Wall Street’s biggest movers and shakers as they have played musical chairs in the last few months:

MARK SHAFIR

Days after Lehman Brothers’ bankruptcy, it emerged that Mr. Shafir, a global cohead of mergers and acquisitions, was leaving for Citigroup. Mr. Shafir stayed long enough to help sell Lehman’s United States capital-markets business to Barclays.

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