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.
William Blair & Co. LLC named Tim Lugo and Katherine Xu co-group heads of the biopharmaceuticals equity research team and will promote Andy Hsieh, Matt Phipps and Raju Prasad to senior research analysts.
Nationwide named Mark Hackett chief of investment research. Hackett, who will head Nationwide Funds' capital markets analysis, previously worked at Nuveen and Vanguard Group. Nationwide Funds is composed of Nationwide Fund Advisors, Nationwide Fund Distributors LLC and Nationwide Fund Management LLC.
B. Riley Financial Inc. unit Great American Group LLC added Gordon Heidacker as managing director and automotive sector group head in its appraisals division.
BTIG LLC appointed Andrew Busso managing director and head of financials sector trading. Busso was previously managing director and head of financials and REIT trading at Cowen Inc.
BTIG hired Corey Popham as managing director and head of U.S. cash equities. Popham most recently was managing director and head of high-touch trading for the Americas at JPMorgan Chase & Co.
D.A. Davidson & Co. hired Tom Forte as an e-commerce equity analyst. Previously, Forte established the consumer technology research effort at Maxim Group.
Richard Sherlund joined Perella Weinberg Partners LP as a partner in its advisory business. Sherlund will be based in San Francisco. He most recently was chairman of software investment banking at Barclays Plc.
JPMorgan added to its commercial banking financial institutions coverage with the hire of Eric Schwarzbach as an executive director. Schwarzbach was previously a senior vice president for Macquarie Capital (USA) Inc.'s FIG investment banking team.
Deutsche Bank AG named Oliver Schiller global co-head of natural resources, effective in early September, Thomson Reuters' IFR reported. Greg Sommer, who serves as Deutsche Bank's head of Americas natural resources, will assume a new role as Schiller's co-head. Meanwhile, Warren Estey, who is co-head of U.S. equity capital markets, will take over Sommer's post. Schiller will join the German company from Goldman Sachs Group Inc., where he was a senior managing director and global co-head of chemicals.