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Wall Street moves: E*TRADE CEO out; Fifth Third hires renewable energy bankers

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.

Aug. 14

Fifth Third Securities Inc. named Timothy Beach, Ari Citrin and Oliver Janssen managing directors of its newly created renewable energy investment group.

The division will have more than 10 professionals and will be based in San Francisco.


Perella Weinberg Partners LP hired Romain Lanier as a managing director in its advisory business.

Lanier will be part of the company's European financial restructuring team. He was previously a director at PJT Partners Inc.'s restructuring and special situations group.


E*TRADE Financial Corp. CEO Karl Roessner has stepped down, effective immediately.

The company tapped COO Michael Pizzi to succeed Roessner. He was also appointed as a board director. Pizzi previously held roles at E*TRADE, such as CFO, chief risk officer and corporate and bank treasurer.


BTIG LLC appointed Joe Passaro as managing director and head of capital markets.

Passaro was previously Deutsche Bank Securities Inc.'s co-head of the equity capital markets syndicate for the Americas.

Aug. 12

Goldman Sachs Group Inc. hired Avinash Mehrotra as head of activism defense and shareholder advisory, replacing Steven Barg, who left for activist hedge fund Elliott Management Corp., Financial News reported, citing an internal memo.

Mehrotra was previously the investment banking giant's financial institutions mergers and acquisitions division head.


Evercore Inc. named Neil Shah as a senior managing director in its advisory practice.

Shah will launch and lead the company's permanent capital business, which includes special purpose acquisition companies. He was previously a managing director at Citigroup Inc., where he ran the alternative capital business division.

Aug. 9

GMP Capital Inc. CEO Harris Fricker resigned as part of the transition involving Stifel Financial Corp.'s acquisition of the company's capital markets business.

Stifel will acquire most of the business, excluding the U.S. cannabis business and certain clearing businesses. The deal is expected to close in the fourth quarter.

GMP Capital named Kish Kapoor interim president and CEO. Fricker will remain CEO of the capital markets business until the deal's completion.