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Article Excerpt
Byline: Editorial Staff
Restructuring seemed to be a focus for headhunters to close out the year. Kirkland & Ellis scored one of the bigger names, nabbing James Sprayregan back from Goldman Sachs. DeSilva+Phillips, a specialist in media, also launched a restructuring practice, tapping Kenneth Collins and James Zielinski to oversee the new group, and Close Brothers brought in Luke MacKenzie as a director in its European debt advisory and restructuring arm. Evercore, meanwhile, poached Miller Buckfire vet Qazi Fazal to bolster its restructuring practice.
The credit crisis has also claimed more victims. Richard Fuld, most notably, gave up his CEO role at bankrupt Lehman Brothers, eschewing any severance or bonus payments, according to a statement from the firm. The Carlyle Group also made some cuts, eliminating its Warsaw office, which served as the hub for its Central and Eastern Europe activity and also cut its Asian leveraged finance team.
The consulting groups were also busy hiring in November and early December, as FTI Consulting brought in five new players to fill out global locations in Canada, Latin America, the UK and Bermuda. Aon Consulting also made a new hire, tapping Mercer veteran Barry Greenstein as a senior vice president in its transaction group.
Aon Consulting - The consulting firm hired a new transaction group senior vice president, tapping Mercer veteran Barry Greenstein to fill the role.
Greenstein will focus on M&A and restructuring in Aon's New York office. He arrives with more than 20 years of experience in human capital consulting, with the last decade dedicated to corporate transactions, M&A, joint ventures and bankruptcies.
Aquiline Capital Partners - The New York-based private equity firm hired Deborah L. Bernstein and Jason A. Rotman as investment professionals.
Bernstein comes to Aquiline from Pequot Ventures, the former direct venture investment arm of Pequot Capital Management. At Pequot, she was a general partner and co-leader of financial services technology investments. Prior to joining Pequot, Bernstein worked at Goldman Sachs' financial institutions group, then at the investment bank's principal investments area.
Rotman joins the financial services-focused firm from Swiss Reinsurance Company, where he was head of US alternative investments. He began his career at Smith Barney in the Financial Institutions Group.
A month prior, Mitchell Caplan, former chief executive and director of E*TRADE, joined Aquiline Capital Partners as an executive adviser, and last summer the firm also welcomed RBS Asset Finance vet Laird Boulden, who assumed a similar role.
Bank of America - The multinational investment bank appointed Andrea Orcel, formerly Merrill Lynch's head of global origination and president of global markets to lead investment banking for Europe, the Middle East and Africa.
Orcel will become president of international banking, securities and wealth management at the combined company, a source familiar with the situation told sister publication IDD. He will continue to be based in London.
Orcel joined Merrill in 1992, following stints at Goldman Sachs and the Boston Consulting Group. He became president of EMEA global markets and investment banking in 2004 and head of global origination in May 2007. He led Merrill's global financial institutions group from 2001 until 2007.
In addition to Orcel, Merrill executives John Thain, Greg Fleming, Tom Montag and Bob McCann also accepted positions at BofA.
Blackstone Group - The buyout firm expanded its IT management and outsourcing portfolio holdings by carving out of CMS Group two divisions. The firm tapped Rajiv Kaul, former chief executive of Microsoft India, to become executive vice chairman and chief executive of the new company.
Blaylock Robert Van - The minority owned boutique investment bank is making a push into the Midwest and recently opened a Chicago office. The firm hired banking veteran Dudley Brown, formerly the chief executive of investment banking and brokerage firm Jackson Securities, to lead the expansion effort.
CAI Capital Management - A private equity firm focused on the Canadian market, appointed David Emerson, a former Canadian minister of foreign affairs, as a senior adviser.
Emerson, who was appointed Canada's foreign affairs minister last year, also served as the nation's minister of industry, minister of international trade and...
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