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Wall Street moves through Jan. 18

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Wall Street moves through Jan. 18

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.

Jan. 18

Advisor Group, a network of independent financial advisory firms, appointed Steve Chipman as senior vice president of strategic acquisitions. Advisor Group is comprised of SagePoint Financial Inc., FSC Securities Corp., Woodbury Financial Services Inc. and Royal Alliance Associates Inc. Chipman leads the strategic planning process for all broker/dealer acquisitions with Advisor Group's four firm presidents.

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BTIG LLC hired Michael Carley Jr. as director of fixed income credit. Carley joined BTIG from Jefferies LLC, where he was a member of the distressed-debt trading group.

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Piper Jaffray Cos. appointed David Olson vice chairman of the financial institutions group. Olson previously led River Branch Holdings LLC as chairman and CEO before Piper Jaffray acquired it in September 2015.

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Jan. 17

Canaccord Genuity Group Inc.'s global capital markets division Canaccord Genuity added Duncan Dashiff to its U.S. investment banking group as managing director and head of healthcare services, which includes the healthcare IT practice in the U.S. Dashiff most recently served as a managing director with MedCare Investment Funds, a company focused on private equity investing in the healthcare industry.

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Alan Cohen will step down as Goldman Sachs Group Inc.'s head of global compliance, Reuters reported. Sarah Smith, controller and chief accounting officer, will succeed Cohen. Deputy Controller Brian Lee will take over the role of Smith.

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Cowen Group Inc.'s global investment management business Ramius LLC said its CEO Michael Singer is leaving the company to pursue new career opportunities. Cowen Vice Chairman Fred Fraenkel was also named interim head of asset management. Prior to joining Cowen, Fraenkel served as president of Fairholme Capital Management.

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Leerink Partners LLC hired Michael Marco as managing director and head of equity trading. Marco most recently was managing director and head of healthcare trading at Bank of America Corp.'s Bank of America Merrill Lynch.

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FBR & Co. hired Rahul Jasuja as a senior research analyst and senior vice president in its equity research department's healthcare group. Jasuja previously served as managing director of biotechnology research at Noble Life Sciences Partners, where he covered small and mid-cap biotechnology companies.

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Jan. 16

Missouri Secretary of State Jay Ashcroft appointed David Minnick the state's commissioner of securities, the St. Louis Business Journal reported. In December 2016, Minnick resigned from Stifel Nicolaus & Co. Inc., where he was senior vice president and general counsel, according to the report.

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Jan. 13

American Portfolios Financial Services Inc. promoted Dalchand Laljit to executive vice president of business processes and organizational development. Laljit joined the company as vice president of service quality and process excellence in January 2015 and will also serve as an organization development adviser to CEO Lon Dolber.

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Jan. 12

BNY Mellon appointed Jeff McCarthy CEO of its exchange-traded funds business. McCarthy most recently was vice president and head of exchange-traded product listings and trading at Nasdaq.

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Morgan Stanley laid off more than 20 managing directors in its investment banking group across the globe and slashed bonuses by around 15% due to lower revenues from Wall Street deals and capital raises, Reuters reported.

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Mick Solimene, formerly senior managing director and head of the restructuring and special situations group at Macquarie Capital (USA) Inc., joined the opportunistic investments team of Allstate Corp. as managing director.

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Instinet LLC hired Mike Wood as a senior equity research analyst covering the building products sector. Wood joined Instinet from Macquarie Capital, where he was a building products analyst. In addition, the company hired David Gingeleskie and Eric Goldstein as senior equity research salespeople. Gingeleskie joined the Instinet equity research sales team from Deutsche Bank AG, while Goldstein worked with Jefferies prior to his new role.

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BTIG hired Drew Doscher as a managing director and head of fixed-income credit. Doscher joined BTIG from Jefferies, where he served as head of distressed debt trading.