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 moves@thomsonreuters.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.

FIDELITY INVESTMENTS

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

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.

AON CONSULTING

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.

RABOBANK

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.

NOBLE

The independent investment bank named Jeremy McKeown as head of sales to its UK Equities team. He was most recently with Investec Bank.

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.

The following financial services industry appointments were announced on Oct. 30, linked where possible to personal profiles on LinkedIn. To inform us of other job changes, please email moves@thomsonreuters.com.

LONDON STOCK EXCHANGE
London Stock Exchange on Thursday appointed former Lehman banker John Wilson as chief executive of Baikal and promised to announce a revised plan for the pan-European nondisplay, or ‘dark pool’ platform in a few weeks.

BANK OF NEW YORK MELLON
Bank of New York Mellon said it hired Richard Brown as managing director and head of international payment and trade services for Asia. Brown, who most recently worked at Bank of America, will be based in Hong Kong.

BB&T Corp
BB&T Corp, a large U.S. Southeast regional bank, said it will promote Chris Henson to chief operating officer on Jan, 1, and Daryl Bible will succeed Henson as chief financial officer.

EVERCORE PARTNERS
The investment banking boutique hired Les Fabuss as a Senior Managing Director in its Advisory business. Fabuss comes to Evercore after a 25-year career at Lehman Brothers, where he most recently served as a Vice Chairman of Global Investment Banking.

PUNTER SOUTHALL
The financial services firm announced the promotion of Alan Wilkes and Neil Lalley to the positions of principal for the Wokingham and Guildford offices, respectively. Neil Lalley joined Punter Southall in 1997 and manages a portfolio of clients which includes both money purchase and final salary schemes. Alan Wilkes joined Punter Southall in 2002 and provides actuarial and consultancy services to a wide range of clients, holding a number of scheme actuary appointments.

BARING ASSET MANAGEMENT
The investment management firm named Carl Wilmore as account manager, responsible for sales to asset manager clients. Carl will report into Rod Aldridge, head of UK Retail Distribution, who recently joined Barings from Gartmore Investment Management.

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.

GEORGE H. YOUNG III

As head of Lehman’s communications banking group, Mr. Young, known as Woody, was that firm’s biggest rainmaker. After abruptly leaving Lehman in early 2007, he resurfaced last month at Merrill Lynch, just a week before Merrill agreed to be sold to Bank of America.

OLIVIER SARKOZY

A banker’s banker, Mr. Sarkozy, the halfbrother of the French president, brokered transactions as joint global head of UBS’s financial institutions group. In March, he became co-head of the global financial services group at Carlyle Group, the private equity giant.

PETER KRAUS

In his 22 years at Goldman Sachs, Mr. Kraus rose as high as co-head of its investment management division. But in May, he left to become head of strategy at Merrill Lynch, where another Goldman alum, John Thain, had recently taken the helm.

ERIN CALLAN

As chief financial officer at Lehman Brothers, she was one of Wall Street’s most powerful women. But she was demoted after her defense of the firm’s health failed to comfort skittish investors. In July, she jumped to Credit Suisse to run its global hedge fund business.

ALAN D. SCHWARTZ

Mr. Schwartz became chief executive at Bear Stearns a few months before its sale to JPMorgan Chase & Company. He decided in July to leave JPMorgan and has not announced his next move. He has reportedly talked to investment banks and private equity firms.

Photo: Children play musical chairs after taking part in a role play exercise during an induction course at Mexico City’s stock market July 15, 2005. Mexico City’s stock market holds an induction course for children who’s parents would like them to learn the basics of market capitalism during their summer holidays. REUTERS/Andrew Winning 

Wall Street banks are seeing a glut of resumes from Lehman Brothers, as staff there are contacting colleagues at other firms directly to find new jobs after their investment bank went bankrupt. Some banks, including JPMorgan Chase and Credit Suisse, have told headhunting firms looking to find jobs for former Lehman Brothers employees that they will not pay the firms for putting them in touch with these job candidates, because they are already inundated with direct applications.

Lehman Brothers Holdings Inc, which filed for bankruptcy last week, has 26,000 employees. About 10,000 have been given jobs through at least the end of the year, after Barclays Capital bought Lehman’s North American capital markets business and other assets.

Headhunting firms said they are receiving scores of resumes from anxious former Lehman employees, but banks aren’t interested in paying headhunters to interview these staffers.

Click here for the rest of the article.

HONG KONG, Sept 30 (Reuters) - Japan’s Nomura Holdings plans to match last year’s bonus pool for Lehman Brothers’ Asia group, according to sources familiar with the matter, in an effort to prevent Lehman bankers from leaving.

The move is also aimed at showing Nomura’s commitment to Lehman bankers, who are still reeling from the collapse of the 158-year old New York institution.

The exact size of the bonus pool and exactly who is entitled to it is unclear, with top performers expected to get first claim.

Lehman’s Asia-based bankers will be offered cash for their 2008 bonus, the sources say, adding that in some cases, 2009 bonus money will be guaranteed as well.

Click here for the rest of the article.

Wall Street Journal: China Investment Corp. Wants You
Job-seeking Wall Street types don’t have a lot of options. Cutbacks have eliminated tens of thousands of jobs. The number of investment banks narrows seemingly by the day. How about going to work for China? China Investment Corp., Beijing’s $200 billion sovereign wealth fund, is launching a new round of recruiting, aiming to fill more than 30 spots from macroeconomic research to stock picking.

The Guardian: Bidders raise hope for UK Lehman jobs
Administrators of Lehman Brothers were racing last night to save up to 3,000 City jobs by selling the UK operations to potential bidders believed to include Barclays and Japan’s Nomura.

New York Magazine: Trickle-Down New York
New York City’s proximity to extreme wealth—and the sense that New York has been fashioned by and for billionaires—is now at risk, along with the budgets of both the city and the state.

The Scotsman: HBoS chief pledges end staff uncertainty over jobs
HALIFAX Bank of Scotland boss Andy Hornby today pledged to staff that he will end the uncertainty on jobs as soon as he can.
In an open letter to staff, seen by the News, the Edinburgh-based firm’s chief executive admitted the merger with Lloyds TSB will “inevitably” lead to job cuts.

IT World: Financial industry turmoil: What’s in store for IT workers?
“There’s clearly going to be a reshuffling of the deck” inside IT departments, says Marc Lewis, CEO of executive recruiter Leadership Capital Group (LCG). So far, the reshuffling of the deck is looking more like a collapsing house of cards.

Information Week: Wall Street Crisis Won’t Impact IT Jobs… At First
The shock waves roiling the U.S. economy haven’t hit the IT job market yet, but high-tech specialists in demand today will still be in demand when the dust settles over the financial services markets, IT employment specialists maintain in an informal survey.

New York Times: New York’s Resilience Put to the Test
After the recession of 2002, Mayor Michael R. Bloomberg said that New York City’s economy had diversified enough through the fostering of tourism, manufacturing and other businesses that the city had “reduced our dependency on the fortunes and failures of Wall Street.” Now, with the financial sector in turmoil after the failure of two of its biggest investment banks, the forced sale of another and the loss of thousands of its best-paying jobs, the mayor and his city face a true test of that claim.

Boston Herald: Hub job losses likely in Merrill takeover, Lehman bankruptcy
Boston workers were bracing yesterday for hundreds of job losses as the financial world reeled from the bankruptcy filing of Lehman Brothers and the planned $50 billion takeover of Merrill Lynch by Bank of America.

Washington Post: Financial World’s New Job Market Sinks Big Plans
Wall Street’s meltdown this week stirred such angst among University of Virginia business students that professor Susan Chaplinsky tried coaxing her wannabe Masters of the Universe to think positively.

Bloomberg: NYC Loses More Jobs, London Homes Drop as Banks Reel
The London-New York tug-of-war for bragging rights as the world’s preeminent financial center is now a race to the bottom. Six months after Bear Stearns Cos. was bailed out by JPMorgan Chase & Co. and a week after Lehman Brothers Holdings Inc. filed for bankruptcy, both cities are bleeding.

MUMBAI/SHANGHAI: Within hours of Bank of America agreeing to buy Merrill Lynch this week, Indian financial services firm Ambit hired five Merrill executives, a sign that Asia hopes to gain from massive Wall Street layoffs.

For China and India, whose economies are still expanding at well over 7 percent, the global financial industry crisis makes it easier to recruit bankers who are brushing off their resumes.

New York’s governor reckons 40,000 Wall Street jobs could go in a worst-case scenario, with talk swirling of more bank deals and mergers.

Lehman Brothers, which has filed for bankruptcy protection, has around 2,000 staff in India, including its back-office operation, while Merrill has about 500.

Ambit Holdings said on Monday it hired the five Merrill executives from a majority-owned local venture for its institutional equities and equity proprietary trading unit, including a 10-year Merrill veteran as head.

BNP Paribas and Nomura Securities in India are looking to hire Lehman executives, according to investment banking sources who asked not to be named because of the sensitivity of the matter. In Hong Kong, bankers said they were considering hiring from Lehman.

“I think there’s opportunities to improve our team or bring key people into key positions relatively easily and quickly and painlessly. Normally, it’s quite expensive and difficult to move investment bankers around,” said one banker in Hong Kong.

“All banks have the opportunity to upgrade or augment teams they were looking at anyway, because Lehman is a mix of pretty good people,” the banker added.

Executives at Lehman’s real estate and capital market divisions in China said there was still huge demand for talent in specific areas such as deal making and investment banking.

Lehman, like other foreign investment banks trying to build a business in India’s fast-growing market, had poached rivals’ teams in a mass hiring spree spiced with big salaries and bonuses.

Now, while some foreign banks may be wary about swelling their ranks, their local rivals will likely snap up people, and bankers may also opt for the relative safety of local firms.

“The pace has definitely slowed and banks may not be looking to hire as aggressively as before,” said Dhanpal Jhaveri, executive director of India’s Future Capital Holdings, which is expanding its portfolio of financial services.

“But it’s high-quality talent, and everyone recognises there are cycles. People are always on the lookout for good talent.”

Bankers and headhunters are split over whether senior level or more junior executives will be hired more easily.

“Junior and mid-level guys are more flexible and are cheaper to hire,” said one investment banker, who recently moved to a local firm in Mumbai from a multinational.

“More senior guys, unless they were really superb, may actually have a harder time,” he said.

Infrastructure Development Finance Corp has discussed hiring Lehman executives, according to media reports, and other expanding local firms likely to follow suit include Tata Capital, Reliance Capital and HDFC Securities.

“We are in the process of scaling up our operations,” said Amar Sinhji, head of human resources at Tata Capital, which has ventures with Mitsubishi UFJ Securities and Mizuho Corp Bank.

“We see this situation as an opportunity to source some of the best available talent in the industry,” he said, adding Tata was looking to ramp up investment banking and private equity.

In China, too, some Lehman bankers have begun to look for jobs, not with other foreign banks, but with state banks that are seen as a more secure bet for the next few years.

Everyone, though, faces tougher times.

Indian investment banking fee income fell 44 percent in January-August, Thomson Reuters data showed, as tighter credit and higher borrowing costs dried up deals and put the brakes on fund raising.

In China, fee income is down nearly 6 percent this year.

Merrill was second in the Indian league table, which is headed by State Bank of India. Lehman ranked 36th, down from 17th a year ago.

“It’s a bit of a gloomy outlook overall, but I don’t think anyone will have trouble finding a job. The domestic opportunity is still good,” said Sandeep Chaudhry, business consultant leader at consulting firm Hewitt Associates.

“Across the board though, we are going to see smaller packages (and) stricter performance appraisals.”

CHICAGO (Reuters) - Employees of Lehman Brothers and insurance giant AIG looking to cry in their beer following a week of turmoil at the troubled companies can at least find a half-priced drink at one Chicago restaurant.

“Everybody is freaking out. We wanted to do something to make their day a little better,” said Scott Weiner, co-owner of The Fifty/50 restaurant that is offering half-off bar and restaurant tabs for anyone who can prove they work or worked for AIG or Lehman Brothers.

Lehman’s parent company filed for bankruptcy this week and AIG was bailed out by the U.S. government. In addition to job losses, the former’s stock traded for pennies while the latter was below $5 a share.

The offer is good Sunday through Thursday until October at the restaurant west of downtown Chicago. Weiner said 20 or 30 people, many of whom he had gotten to know while managing another restaurant frequented by employees of the financial companies, had already accepted the half-price discount.