Job Wrap: Walker Walks to Anadarko, BNP Paribas and Merrill hire for FX
With holiday season underway, few major banking hires were announced last week. However, there were a couple of moves involving non-industry players.
Most significantly, Al Walker, a managing director of energy investment banking at UBS, announced plans to join Anadarko Petroleum Corporation as chief financial officer. Walker will quit UBS on September 6. Speculation suggests he's being handsomely rewarded for moving in the last quarter before bonus announcements.
Separately, BNP Paribas recruited Chester Boles from FXall, the electronic trading platform, as a director and head of e-commerce trading in foreign exchange. The hire is the latest in a series as the French bank builds its presence in the US.
Merrill Lynch hired Daniel Tenengauzer from Lehman Brothers as an emerging markets local currency debt strategist. At Lehman, Tenengauzer was head of US foreign exchange strategy.
Investment banking: M.R. Beal steals from Loop
M.R. Beal & Co, a New York-based investment bank specializing in municipal and corporate finance, hired six people for its Chicago equity sales and trading group. Donna Sims Wilson joins as head of equity sales and trading. Keith McGregory and Dennis Ignarski join as senior vice presidents for equity sales and trading. Remaining hires include: Jeanine Luteijn, Christopher Kingseed, and James Hult. All join from Chicago- based investment bank, Loop Capital.
Private clients: DB Alex Brown and Julius Baer hire
Deutsche Bank Alex Brown hired James Marsh, a managing director in private client sales at Jefferies Group, in a similar position. Marsh will be based in New York.
Julius Baer, a Swiss private bank, promoted Jonathan Morgan, director of research and portfolio management, to the role of chief investment officer for alternative investments. Morgan replaces Bob Serhus, who is on leave for personal reasons. Both men are based in New York.
Private equity: Like father, like son
Michael Powell, son of Colin Powell the former US secretary of state, and the former chairman of the U.S. Federal Communications Commission, joined Providence Equity Partners to help identify technology and communications investment opportunities. His father recently joined Kleiner Perkins Caufield and Byers, a Silicon Valley private equity fund.
Atlantic Pacific Capital, a San Francisco-based global placement agent for alternative investments, hired Jennifer Tedesko from Probitas Partners as a vice president focused on project management, deal execution, and client servicing.
Custody: Northern Trust hires from Busines Logic; State Street hires from Northern Trust
Northern Trust Co. hired Michael Blake from Business Logic Corp as vice president, business development, in its global fund services unit. Blake will be based in Chicago.
State Street Corporation hired John Menard from Northern Trust as a vice president in its institutional investor sales team.