|
Article Excerpt
Byline: Editorial Staff
As consolidation grips the bulge bracket, the employment picture has cleared up a bit. Barclays, for instance, reworked its various industry investment banking groups naming former Lehman bankers as heads of 10 of the firm's 12 sector groups. Nisha McGreevy, Jack Callaway, Bill Cohen and Carlos Fierro are among the former Lehman pros with prominent roles following the merger. Bank of America also reshuffled its management after its Merrill Lynch takeover, naming Greg Fleming as the head of global corporate and investment banking at the combined company. Meanwhile, Bear Stearns veterans and former Wachovia hands continued to emerge in new places, such as C.W. Downer & Co., Robert W. Baird & Co., Houlihan Lokey Howard & Zukin and Jefferies & Co.
Separately, bankers continue to make their march into the public sector, as James Lambright was tapped by Treasury Secretary Henry Paulson to serve as the interim chief investment officer for the Troubled Asset Relief Program. Lambright joins Neel Kashkari, who was appointed to serve as the interim assistant secretary for the office of financial stability.
Akin Gump Strauss Hauer & Feld - The law firm opened an office in Abu Dhabi. The branch, Akin Gump's 13th globally, will be staffed with attorneys who can advise clients in practice areas such as private equity, capital markets and investment funds.
The office is staffed with six attorneys, and the law firm expects that number to grow to at least 20 over the next three to four years. The managing partner of the Abu Dhabi branch, Natasha Kohne, has relocated from New York. Corporate partners Lee Kolodny and Elisabeth Cappuyns have moved from Los Angeles and New York, respectively. Three associates from London and New York have also relocated to Abu Dhabi.
Aquiline Capital Partners - Mitchell Caplan, former chief executive and director of E*TRADE, will join Aquiline Capital Partners as an executive adviser to evaluate opportunities in the retail financial services sector.
"Mitch is a prominent leader in the financial services industry with a deep understanding of the retail investing and banking markets," said Jeff Greenberg, CEO of Aquiline.
Caplan joined E*TRADE in 2000 when it acquired Telebank, which subsequently became E*TRADE Bank. Prior to that, he served as vice chairman, president and CEO of Telebank and Telebanc Financial Corporation.
Avista Capital Partners - The PE firm brought on Steven Marder as an industry adviser. He will concentrate on identifying digital media investment opportunities for the private equity firm.
Marder is chairman, co-founder and former chief executive of Eurekster, an Internet technology company. He is also a director and co-founder of enterprise search firm SLI Systems.
Barclays Capital - The bank appointed 12 professionals to oversee various industry groups within its investment banking division.
The sector banking leaders report to Ros Stephenson and Joe Gatto, co-heads of corporate finance. Two of the appointees are BarCap veterans, while the remaining 10 recently joined the firm via its acquisition of Lehman Brothers' North American franchise. Stephenson and Gatto report to Hugh "Skip" McGee III, BarCap's head of investment banking, who held the same position at Lehman before its bankruptcy.
The firm named Nisha McGreevy head of consumer, Jack Callaway head of communications, Patrick McMullan head of healthcare, Bob Bertagna and Matthew Pendo co-heads of industrial, Bill Cohen head of media, Carlos Fierro head of natural resources, John Lange head of power, Steve Hash head of real estate, Andy Taussig head of retail and Laurence Goldberg head of technology.
Pendo and McMullan were employed at BarCap prior to the Lehman acquisition. In June, McMullan joined BarCap as a managing director and head of healthcare coverage from Bear Stearns, where he was a senior managing director and co-head of healthcare investment banking. Three of McMullan's former Bear colleagues -Frank Williams, Ben Adams and Kevin Clarke -followed him. Pendo, meanwhile, was most recently BarCap's co-head of US investment banking.
Berkery Noyes - Adam Newman has joined the investment bank as director of its education group. Newman joins the firm from Eduventures Inc., a strategic market research and consulting firm, where he was managing vice president. In that role he ran the firm's Industry Solutions division, which worked with executives to develop and drive corporate and growth strategy initiatives, and provided M&A advice as well....
|
