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Movers & shakers: June 30, 2008

by Baz Hiralal  |  Published June 30, 2008 at 12:00 AM
Carl Ferenbach, managing director and co-founder of Berkshire Partners LLC, a Boston-based private equity firm, was named chairman-elect of the board of Environmental Defense Fund. Ferenbach will start in May, succeeding Nick Nicholas, former CEO of Time Warner Inc. Ferenbach co-founded Berkshire Partners in the early 1980s. Previously, he was a managing director of Merrill Lynch & Co., where he headed its mergers and acquisitions department.

UBS Global Asset Management hired an active quantitative equities team from Credit Suisse Asset Management. Portfolio managers Todd Jablonski and Eric Leng join the group alongside William Weng, head of active quantitative equities, who joined on April 21 from CSAM. Also coming aboard are analysts Chenye Bao, Sergio Joseph, Jeremy Raccio and Jeff Song. On July 1, portfolio manager Patrick Zimmermann will arrive at UBS from CSAM.

UBS recently said Matt Roux will join UBS Investment Bank's prime brokerage group as executive director and co-head of U.S. securities lending from Deutsche Bank AG.


On Aug. 1 in New York, private equity firm Carlyle Group will make James Burr a managing director in its global financial services group. Burr comes in from Wachovia Bank NA, where he was corporate treasurer. Burr joined Wachovia in 1992.


Independent securities, asset management and investment banking firm Boenning & Scattergood Inc. hired Stephen Hurly as a managing director. He covers the healthcare, biotechnology and pharmaceutical sectors, working from New York and Philadelphia. Most recently, he was a managing director and head of the healthcare group at Janney Montgomery Scott LLC. Before that, Hurly was with Hambrecht & Quist and J.P. Morgan Chase & Co. in San Francisco as well as Wasserstein Perella in New York.


FBR Capital Markets Corp. tapped Stephen Chick and C. Patrick Scholes for its equity research group as senior vice president and vice president, respectively. Chick will initiate coverage of the hardline retail sector, while Scholes will join the real estate team covering the lodging sector.

Chick has worked at Donaldson, Lufkin & Jenrette Securities Corp. and J.P. Morgan Securities Inc. Scholes was the lead lodging analyst at J.P. Morgan Securities. He has also worked at Harris Nesbitt Corp., Thomas Weisel Partners LLC, Axa Advisors LLC and Hyatt Hotels Corp.


Richard Hoskins, a former retail sales manager at Noble Fund Managers, joined Oxford Capital Partners as private client services manager. Earlier, Hoskins worked at Halewood International Futures as an account executive, responsible for business development.


Sterling National Bank, a subsidiary of Sterling Bancorp, appointed Peter Sforzo as a vice president and business development officer. He worked for J.P. Morgan Chase & Co.


In New York, Jones Day hired partner S. Wade Angus for its mergers and acquisitions practice. He was a partner at Weil, Gotshal & Manges LLP, where he led the Brazil practice. Angus focuses on cross border and infrastructure M&A, private equity, joint venture and restructuring transactions.


Ropes & Gray LLP said Andrew Terry will join the firm's Chicago office on July 1 as a partner in the private equity group. Joining him are Justin Choi and Neill Jakobe. Terry will arrive from Kirkland & Ellis LLP, where he began his career in 1998.

Choi was senior vice president, general counsel and secretary for Andrew Corp. He was also general counsel for Lucent Technologies' New Ventures Group and provided legal counsel on mergers and acquisitions. Choi began his career in 1990 at Paul, Hastings, Janofsky & Walker LLP. Jakobe joins from Morgan Stanley, where he worked in the financial sponsors group. He was with Mayer Brown LLP from 2002 to 2007. The Chicago office was launched in February when James Lidbury, Jonathan Grandon and Deborah Monson joined as partners from Mayer Brown.


Greenberg Traurig LLP tapped George Qi for its Shanghai office as a shareholder in the corporate and securities group. Qi joins from Faegre & Benson LLP in Shanghai. He covers China-related cross-border mergers and acquisitions, due diligence, tax-oriented corporate restructuring, foreign direct investment and general corporate matters.


Counsel Seth Borden and associate Amy Van Eepoel joined Kilpatrick Stockton LLP's New York office as counsel. Borden joins the labor and employment team and Van Eepoel works in the intellectual property department.


Cadwalader, Wickersham & Taft LLP announced that Karl Clowry and Jackson Taylor, both members of the financial restructuring department in London, were elected to the partnership.

The firm recently named Deryck Palmer co-chairman of the financial restructuring department; he joins Bruce Zirinsky in managing the 65-attorney team.

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Tags: Berkshire Partners | Carl Ferenbach | Carlyle Group | Credit Suisse | James Burr | UBS
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