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.
Christopher Mone was named Wedbush Securities Inc.'s executive vice president and head of wealth management. Mone previously worked at Wilmington, Del.-based Wilmington Trust Corp., a unit of M&T Bank Corp.
First Republic Private Wealth Management, the investment management group of San Francisco-based First Republic Bank, hired Michael Lee as managing director and regional business leader for its New York office, InvestmentNews reported. Lee joins from JPMorgan Chase & Co. unit J.P. Morgan Securities LLC.
Ladenburg Thalmann Financial Services Inc. unit Securities America Inc. added Lanzetta Group to its platform. The group is comprised of 11 advisers and has about $175 million in client assets.
Stephen Manaker joined Stifel Financial Corp. as a managing director and senior analyst covering real estate investment trusts. Manaker has worked on the sell-side at Compass Point, Oppenheimer & Co. and Bear Stearns, and on the buy-side at hedge funds Balyasny Asset Management LP and S.A.C. Capital Advisors.
Joshua Shropa was named as a director within Piper Jaffray Cos.' financial services investment banking. Shropa previously was a director at Sandler O'Neill & Partners LP.
James Robertson and Peter Luck were appointed co-heads of Bank of America Corp.'s U.K. investment banking, according to Reuters. Robertson most recently headed Swiss lender UBS Group AG's U.K. advisory business. Luck will retain his role as head of Bank of America's corporate broking for Europe, the Middle East and Africa.
Lena Mass-Cresnik, who previously worked at Charles Schwab Corp., was named Moelis & Co.'s chief data officer.
Goldman Sachs Group Inc. allegedly slashed 10 jobs in its global commodities trading division after an earlier review showed the division's profits do not justify its costs, Reuters reported. Three of the people being laid off held senior roles within the division.
Gregg Stupinski joined Raymond James Financial Inc., according to AdvisorHub. Stupinski had previously managed Morgan Stanley's Naples, Fla., complex for seven years.