S&P Global Market Intelligence presents a weekly rundown of selected executive management changes among the major Wall Street investment banks and other notable moves. The changes are listed by announcement date in reverse chronological order.
Michael Bluhm, executive vice president and CFO of Host Hotels & Resorts Inc., is stepping down from the real estate investment trust at the end of 2019 to return to Morgan Stanley as managing director and global head of lodging.
Lazard Ltd. named Tim Wielechowski a managing director in its middle-market consumer, food and retail group.
Goldman Sachs Group Inc. named Janki Lalani Gandhi managing director in its cross-markets group, a spokeswoman told Financial News.
Stifel Financial Corp. appointed Alain Dobkin to serve as managing director and country head for Israel.
Morgan Stanley is laying off about 2% of its workers, with technology and operations positions being the hardest hit, CNBC reported.
Uncertainty for the world economic outlook was cited by the unnamed sources as the reason for the job losses.
UBS analyst John Nadel died Dec. 2 at his home in New York.
Nadel's career covering the life insurance industry on the sell side included stints at Sterne Agee & Leach, Piper Jaffray, Credit Suisse and Fox-Pitt Kelton.