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.
Wealth management company Hill Investment Group joined William Blair & Co. LLC's San Francisco office from Wells Fargo Advisors Financial Network LLC.
Morgan Stanley's New York-based managing directors Scott Beicke and Christopher Yonan joined Jefferies Financial Group Inc. subsidiary Jefferies Group LLC as managing directors and co-heads of power, utilities and infrastructure for the Americas in mid-September.
Abilene, Texas-based Galbraith Group's Gerald Galbraith and Cathie Coleman joined Robert W. Baird & Co. Inc. from Wells Fargo Advisors, InvestmentNews reported. In addition, Indianapolis-based Kris Callaway joined Baird from Morgan Stanley.
J.P. Morgan Securities LLC fired Trevor Rahn, a broker who allegedly made excessive and unauthorized trades in a client account, The New York Times reported.
John Willian, Goldman Sachs Group Inc.'s head of fixed-income sales, will retire at the end of the year, The Wall Street Journal reported. Avanish Bhavsar, who heads credit sales, and Ricardo Mora, who supervises emerging-market debt, will replace Willian.
Houlihan Lokey Inc. appointed David Brock managing director in its industrials group. Brock will concentrate on the building products sector and is based in London. Brock previously worked at Jefferies.
Piper Jaffray Cos. named David Lee managing director within its financial sponsors coverage group. Lee most recently worked at Houlihan Lokey.
Coyle Financial Group joined Steward Partners Global Advisory, an employee-owned, full-service independent partnership associated with Raymond James Financial Inc. The group comprises former Wells Fargo & Co. advisers Brad Coyle, Ali Allen and Brad Coyle Jr.
B. Riley Financial Inc.'s B. Riley FBR Inc. appointed Richard NeJame senior managing director in its corporate restructuring division. NeJame previously worked at Oppenheimer & Co. Inc.
LPL Financial LLC appointed Bryan Hodgens head of its retirement plan adviser unit, InvestmentNews reported. Hodgens joined from Wells Fargo Advisors.
The Schade Team, which includes James Schade and Mark Henestofel, joined UBS Financial Services Inc.'s Dayton, Ohio, office. The Schade Team was previously at Bank of America Corp.'s Merrill Lynch & Co. Inc.
D.A. Davidson & Co. appointed Grady McConnell as director within its technology investment banking team in Costa Mesa, Calif. McConnell joined from Intrepid Investment Bankers LLC.
Diane Schumaker-Krieg, global head of research, economics and strategy at Wells Fargo Securities LLC, is retiring.