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.
Feb. 1
First Empire Securities Inc. added to its fixed-income sales team with the hires of Sean McGlynn and Ed Sistowicz, S&P Global Market Intelligence reported.
_________________________________________
Mizuho Financial Group Inc. subsidiary Mizuho Americas LLC hired Paul Fremont as equity analyst covering the utilities sector. The firm also recently appointed Mark McLain and Peter Heller as managing directors with a focus on equity trading for the utilities and energy sectors.
_________________________________________
Former Wells Fargo adviser Joel Talish and former Morgan Stanley adviser John Buffa joined HighTower to form Cognetic Capital Advisors. The team manages $1 billion in client assets and is led by co-founders Talish and Buffa, who will serve as CEO and managing director, respectively.
_________________________________________
Jan. 31
Gordon Kroft, Dan Richards and Wilhelm Schulz will lead Citigroup Inc.'s combined global media and telecommunications investment banking group, The Wall Street Journal reported. Mark Shafir, head of technology, media and telecom investment banking and co-head of global M&A, will hand over the former position to Herb Yeh and Jan Metzger, and will focus on the latter role. Shafir will remain the lead M&A banker to the technology and the newly created communications groups.
Citi also promoted Christian Anderson and Anthony Diamandakis to co-heads of the investment banking group focused on global asset managers.
_________________________________________
First Empire Securities hired Ramesh Anantha, Andrew Green and Blake Murphy as managing directors of the asset-backed securities desk led by George Smith.
_________________________________________
Evercore Partners Inc. added Masuo Fukuda to its investment banking business as a senior managing director to establish its office in Tokyo. Fukuda will also serve as president of Evercore's business there. He worked most recently as co-head of the investment banking group at Mizuho Securities Co. Ltd.
_________________________________________
Jan. 30
Benjamin F. Edwards & Co. Inc. appointed Peter Kramer Chicago market manager, a newly created position. Kramer previously managed a Chicago office of 30 financial advisers for Stifel Financial Corp. In addition, six financial advisers joined from Wells Fargo Advisers. Combined, they represent about $341.7 million in client assets.
_________________________________________
Former W.R. Hambrecht + Co. LLC CEO Michael Zampardi joined Freeman & Co. LLC, a financial institutions-focused investment bank, as a managing director and head of capital placement, S&P Global Market Intelligence reported.
_________________________________________
Jan. 27
Citadel Securities LLC appointed Peng Zhao as CEO to replace Kevin Turner, Reuters reported. Zhao became vice chairman and chief scientist of the overall firm in mid-2016. Turner left the executive role less than a year after joining the Chicago-based firm from Microsoft Corp.
_________________________________________
Jan. 26
Former Morgan Stanley broker Adam Schur joined Bank of America Corp.'s Merrill Lynch as an adviser, Reuters reported.
_________________________________________
Stephen Berenson retired as JPMorgan Chase & Co.'s vice chairman for investment banking, Reuters reported.
_________________________________________
Charles Schwab Corp. CFO Joseph Martinetto is transitioning to a different position within the company, with Peter Crawford to succeed him as CFO. Crawford serves as executive vice president of finance. Effective May 16 after the annual shareholders meeting, he will succeed Martinetto, who will continue as senior executive vice president with oversight of several areas including the banking, technology and operations units; its real estate and corporate development and strategy teams; and community services.
_________________________________________
Atlantic-Pacific Capital Inc. appointed Raed Elkhatib partner and CEO, and Hank Gurley principal. Prior to joining the company, Elkhatib was managing director in the private fund group at Credit Suisse. Gurley previously served as director at Fortress Group Inc.
_________________________________________
Ladenburg Thalmann Financial Services Inc. unit Securities America Inc. promoted Gregory Smith to senior vice president of sales supervision, Craig Zimmerman to senior vice president of operations, Leon Johnson to senior vice president of information systems operations and tech support, and chief information security officer, and Randy Reed to senior vice president of enterprise development and architecture.
_________________________________________
Cowen Group Inc. hired Eric Rose as a managing director on its options and event-driven strategies sales and trading team. Rose most recently directed equity derivatives trading and risk management for the event/special situations and healthcare sectors at Jefferies Group LLC.