Job Wrap: Doing the New Year Shuffle
BNP Paribas, CSFB, Merrill Lynch and Morgan Stanley all made adjustments to their teams last week. Greenhill hires for real estate, KPMG adds new legal affairs role.
BNP Paribas reshuffled staff at its reorganized global fixed income and foreign exchange business. Michael Donahue, global head of securitization at the bank, is relocating from London to New York to oversee the bank's push into the U.S. Bob Hawley is moving from Tokyo to New York to oversee fixed income for the Americas. David Brunner is relocating from London to New York to become co-head of global marketing for the new group.
CSFB made alterations at its debt and equity capital markets businesses as part of a worldwide plan aimed at boosting profitability. Brady Dougan, chief executive of CSFB began merging the two businesses to form a new unit, 'global markets solutions'.
Global markets solutions will be led by Eric Varvel, CSFB's recently appointed co-head of corporate and investment banking. Bill White, head of CSFB's U.S. debt capital markets business, will head the business in the U.S. Ernesto Cruz, CSFB's global head of equity capital markets, will be chairman of the global markets solutions group. Paul Tregidgo, global co-head of debt capital markets, will be vice chairman.
Merrill Lynch also tinkered with its global markets group. Harry Lengsfield is relocating from London to become head of the global rates group in New York. Lengsfield was head of the Europe, Middle East and Africa division of the rates team.
Morgan Stanley moved Paul Spivack to London. Spivack, an executive director on the U.S. debt team, fills the gap left by Anthony Barklam, co-head of the European debt syndicate, who resigned last month.
Greenhill hires Goldman veteran; KPMG hires federal judge
Boutique investment bank Greenhill & Co. hired Richard Lieb as a managing director focused on the real estate sector. Until last month, Lieb led Goldman Sachs' real estate investment banking group, having spent more than 20 years with the firm.
KPMG hired US District Judge Sven Erik Holmes to oversee its legal affairs. Holmes will resign his judicial post and join KPMG in the new role of vice chair for legal affairs in March. His appointment must still be approved by the firm's partners. KPMG and several of its partners are under investigation related to the sale of allegedly abusive tax shelters.