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.
Perella Weinberg Partners LP elected Cem Koray to join its partnership, effective Jan. 1, 2017. Koray joined the company in 2013 as a managing director.
Cowen Group Inc. hired Jason Oien as managing director and head of electronic trading services. Oien joined from Goldman Sachs Group Inc. Additionally, Cowen hired Jennifer Hadiaris as managing director and head of global market structure from Deutsche Bank.
Intermediate Capital Group hired Brian Marshall as managing director of business and product development for its U.S. capital markets business. Marshall earlier worked with GoldenTree Asset Management LP.
KMS Financial Services Inc. named Eric Westberg chairman and CEO. Westberg, previously president and COO of the company, succeeds Mark Hamby, who is retiring. In addition, the company named Tracy Forsythe president and chief legal officer, and Aileen Krohn executive vice president. All appointments are effective Jan. 1, 2017.
Amid challenges in the equities industry, some research analysts left Wall Street to pursue different endeavors, according to an S&P Global Market Intelligence report.
Thomas Albrecht, a BB&T Securities LLC analyst covering surface transportation, started his own transportation consulting company after the BB&T Corp. unit shut down its equity research.
John Hervey, who has earlier worked at Guggenheim Securities LLC, Lazard Capital Markets LLC and Credit Suisse First Boston Corp., became president of COTA Inc. in May. As an analyst, Hervey has covered oil, technology and healthcare.
Darren Kimball left equity research after 15 years. He led U.S. automotive equity research at Lehman Brothers Inc. in 2008 and then moved to the buy side before purchasing and becoming CEO of The Five O'Clock Club, which works with companies conducting layoffs and provides career coaching to employees being let go.
Roger Freeman, a veteran analyst who covered financial services, took a severance package from Barclays Capital Inc. in January 2014 and set out to start a self-financed drone company, FreeBird Flight LLC.
Longtime hospitality industry analyst David Loeb is leaving Robert W. Baird & Co. Inc. at the end of 2016, he said in an email. Loeb, who joined Baird as a senior analyst and managing director in 2006, has covered hotels since 1993.
Financial advisers John Solomon, Phil Greer, Bill Dukelow and Hamilton Neal joined Raymond James Financial Inc. unit Raymond James & Associates Inc. from Wells Fargo Advisors.
Benjamin F. Edwards & Co. Inc. appointed Kevin Sullivan managing director and co-head of the company's investment banking group. Additionally, Gregory Simpson was named managing director and Philip Metzger was appointed vice president in the investment banking group. Sullivan and Metzger joined from Wells Fargo Securities LLC. Simpson earlier worked at Dawson James Securities Inc.
LPL Financial Holdings Inc. unit LPL Financial LLC added Kyle Arcand and Charlene Gregory to its broker/dealer platform.
Lazard Ltd hired Will Lawes as a managing director in financial advisory, effective Jan. 9, 2017. Lawes most recently was a senior partner of law firm Freshfields Bruckhaus Deringer.