Bank of America Corp. chairman and CEO Ken Lewis said John Thain (pictured), current chairman and chief executive of Merrill Lynch & Co., will become president of global banking, securities and wealth management in the combined company once their $50 billion merger closes.
Thain's responsibilities will include what is now in global corporate and investment banking, or GCIB, and most of what is now in global wealth and investment management at BofA, which will be merged with similar functions at Merrill.
Brian Moynihan will remain president of GCIB during the merger process and will become president of private equity and global operations upon completion. Moynihan will also lead the Bank of America assessment business for the transition, working with Tom Sanzone, Merrill Lynch's executive vice president and chief administrative officer.
Citadel Investment Group LLC grabbed three Lehman Brothers Holdings Inc. bankers for its global fixed income business.
Timothy Wilkinson, former head of fixed income proprietary trading at Lehman, will join the proprietary trading group along with John Goodridge. Alex Maddox arrives as head of securitized products in Europe. They will report to Patrik Edsparr, head of global fixed income and CEO of Citadel Europe.
Goodridge was a senior proprietary trader at Lehman, while Maddox spent 14 years there, most recently as managing director of securitized products trading. Maddox established Lehman's mortgage trading desk and had served as head of residential mortgage, ABS and CMBS trading and risk for Europe.
Credit Suisse Group made Andrew Norman and Nick Selvaratnam co-heads of equities, Australia. They succeed David Trude, who is retiring after 25 years with the bank. Trude will continue to work after his retirement as a senior adviser.
Separately, Credit Suisse said that in January, Lehman Brothers Holdings Inc.'s Bob Elfring will join as a managing director and head of Benelux for the investment banking department. He was global co-head of Lehman's industrials group at Lehman.
Alykhan Nathoo was named chief executive of Dubai International Capital LLC's emerging markets group, effective Nov. 2. Nathoo joins DIC from Bain Capital LLC in London, where he spent more than nine years.
Separately, the firm named Eric Kump managing director and Marc Hollander finance director of private equity. Kump was a managing director with Merrill Lynch Global Private Equity. Hollander was a managing director with Investor AB.
Middle-market investment bank Green Manning & Bunch Ltd. announced co-president Scott Maierhofer will leave the firm by year's end to pursue opportunities as a principal in acquisitions, growth financings and private equity. He spent seven years with the firm.
Separately, GMB hired Ron Rivera as a managing director to lead its new technology industry practice. Rivera was a director in investment banking at SunTrust Robinson Humphrey in Atlanta. He also worked at Wachovia Securities LLC, where he was head of West Coast software investment banking in San Francisco and head of Northeast U.S. strategic advisory in New York and Boston. Before that, Rivera was with SG Cowen Securities Corp.
In Munich, Vestar Capital Partners added Peter Baumgartner as a managing director of Vestar Resources, which advises the private equity firm's portfolio company management teams.
During his 15 years at Mercer LLC, Baumgartner headed the Central European office, ran both the global manufacturing-automotive and talent management and marketing units, and was most recently head of the manufacturing, transportation and energy division.
Washington private equity firm Pine Creek Partners enlisted Dave Robertson as a principal. He was a managing director with FBR Capital Markets Corp.'s investment banking division and has covered industrial, manufacturing, distribution and consumer businesses. While at FBR, Robertson spent several years as a senior vice president in its merchant banking group, making direct equity investments in private companies.
Barlow Lyde and Gilbert LLP said Carol Wakefield joined the firm as a consultant from international insurance broker Marsh Ltd., where she headed the London structured products group.
Alston & Bird LLP said Madison Jellins and Kevin Trock joined as partners in the intellectual property litigation group, based in Palo Alto, Calif. Jellins, previously a partner at Townsend and Townsend and Crew LLP, covers pharmaceutical and life sciences patent litigation and strategic counseling. Trock, previously a partner at K&L Gates LLP, covers pharmaceutical and biotech litigation.
Jones Day hired two partners in San Francisco. Martin Myers covers high-tech companies and others on insurance recovery matters. Brent Cohen focuses on real estate transactional matters involving investment banks, opportunity funds and other institutional investors. Both come in from Heller Ehrman LLP.