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Entries tagged "executive changes"Goldman's Winkelried to finally retireAfter postponing his retirement because of the onset of the credit crisis, the Goldman Sachs co-president expects to step down at the end of March. Has Bischoff lost control of Citi?The front page of Thursday's Wall Street Journal features an anonymously sourced story about a dispute among directors at Citigroup Inc. Evidently some want to oust chairman Sir Win Bischoff, but from the tone of the story, it appears as if they may not have enough support to end his short tenure -- otherwise the story would announce his ouster. The story also prompts questions, like who leaked it? What do they have to gain? And what does this mean about CEO Vikram Pandit's future? ... New AIG execs have big task of paying back mammoth bailoutIt's no secret that American International Group Inc. is going through a major makeover. To oversee this change, the hobbled New York-based insurer hired Paula Rosput Reynolds as vice chairman and chief restructuring officer, and Richard Booth, previously senior vice president and chief administrative officer, was named vice chairman of transition planning and CAO. Both new hires will play key roles in remaking AIG so it can repay its government bailout. ... BP learns a hard Russian lessonIt seems BP plc is learning the hard way an eventuality Rupert Murdoch warned about last month. ... UBS personnel changesFacing wider losses from real estate and other credit investments, UBS is slated to see some personnel changes at the top as part of its restructuring plan. ... Credit Suisse expands in IndiaCredit Suisse Group brought in Sughosh Moharikar and Samita Shah as managing directors of its investment banking department, based in Mumbai. In addition, Ashim Ahuja will join as a director of the investment banking team. ... Merrill Lynch taps Citi alumJohn Thain continues to build his management team at Merrill Lynch & Co., and the latest hires is a new chief information officer. ... Handicapping those Freddie Mac CEO contendersThe New York Times' DealBook offered on Tuesday a look at the possible candidates for the top job at troubled Freddie Mac. We don't know if DealBook, which cited unnamed sources for the suspiciously short list, has a clue. But we do know that candidate lists for big, troubled government sponsored enterprises aren't exactly common, so we'll give it a spin.... Wachovia taps Goldman alum as CEORobert Steel, who was most recently under secretary for domestic finance at the U.S. Department of the Treasury, is now Wachovia Corp.'s CEO, president and a member of the board. Lanty Smith, who led the search committee and served as interim head of the Charlotte, N.C., bank, will continue as chairman.... Goldman banker latest to go Ivory TowerDays after a Citigroup Inc. banker announced plans to return to his alma mater, Goldman, Sachs & Co.'s head of investment management, Edward Forst, is leaving to become executive vice president of Harvard University in September. ... Yeary trades Citi tower for ivory towerIn mid-July, Frank Yeary will leave his post as global head of Citigroup Inc.'s mergers and acquisitions practice. In August, he will take up a new job as vice chancellor for the University of California at Berkeley. Raymond McGuire, Citi's co-head of investment banking, will become the M&A chief until a replacement is found.... Lehman may be for saleOn the heels of Lehman Brothers Inc.'s surprise management shuffle Thursday, the firm reportedly is actively seeking offers, reports CNBC. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "executive changes." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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