Herbert McDade III will leave Barclays Capital at the end of November. McDade, who was president of Lehman Brothers Holdings Inc., leaves less than two months after helping to integrate Lehman's U.S. capital markets business with BarCap after it was acquired out of bankruptcy protection in mid-September.
After reporting its first quarterly loss as a public company in June, Lehman's McDade replaced Joseph Gregory as president and chief operating officer. McDade, who joined Lehman in 1983, was previously global head of the firm's equities division.
Greg Coffey, a valuable money manager at hedge fund GLG Partners Inc., is joining New York-based Moore Capital Management LLC as co-chief investment officer for Europe alongside co-founder Louis Bacon. He joins in London with a 12-person team that includes Eric Dannheim, who will become chief operating officer of Moore Europe. When Coffey decided to quit GLG in April, it was thought that he would start his own hedge fund.
In London, UBS said Suneel Kamlani will succeed Robert Wolf as chief operating officer for UBS Investment Bank, of which Wolf is president. Wolf is also chief executive of UBS Group Americas. Kamlani reports to Jerker Johansson, chairman and CEO of the investment bank.
Kamlani was most recently chief administrative officer and chief of staff of the investment bank. Earlier, he was global head of debt capital markets and head of fixed income, currency and commodities in Europe, having previously led the investment banking division and FICC businesses in Asia and DCM in the Americas.
Separately, UBS reportedly hired former Lehman Brothers Holdings Inc. banker Jeff Ren as an executive director for its China investment banking team. Ren covered corporate finance and mergers and acquisitions at Lehman.
Cleveland-based National City Corp., ailing from mortgage investments, said chairman, president and CEO Peter Raskind will leave the company after it is acquired by PNC Financial Services Group Inc. for $5.5 billion in stock. Closing is expected by year's end. Raskind was expected to become a PNC vice chairman.
Raskind joined National City in September 2000 as head of consumer finance. Later, he also covered retail banking and the company's mortgage businesses. Raskind was elected vice chairman in 2004. He was named to his current role in July 2007. Earlier, Raskind spent 17 years with U.S. Bancorp.
RBC Capital Markets appointed Kevin Lewis as a managing director and head of the U.S. investment banking consumer/retail group. Based in New York, he reports to Peter de Vos, head of U.S. investment banking.
Lewis joins RBC after 10 years with Lehman Brothers Holdings Inc., where he was a managing director in the firm's global consumer/retail group. Before that, he was head of the mergers and acquisitions division in that group.
Financial Guaranty Insurance Co. and parent company FGIC Corp. expect to name John Dubel as CEO, replacing Frank Bivona whose contract is expiring at the end of the year. Bivona has been CEO since December 2003. Dubel has been FGIC's chief risk officer since January 2008. Earlier, he was a managing director at hedge fund Gradient Partners LP.
Bryan Cave LLP and Atlanta's Powell Goldstein LLP will combine forces effective Jan. 1, retaining the Bryan Cave name. The move marks Bryan Cave's entrance into the Atlanta, Dallas and Charlotte, N.C., markets. The firms will have more than 1,200 attorneys and other professionals in 25 offices around the globe.
In Atlanta, the firm will initially practice under the name Bryan Cave Powell Goldstein and will have about 145 lawyers. PoGo was established in 1909 and has more than 200 attorneys.
On Jan. 5, McGregor Scott will join Orrick, Herrington & Sutcliffe LLP's white-collar criminal defense and corporate investigations practice in Sacramento, Calif. Scott is the U.S. attorney for the Eastern District of California.
James Hill will join Duane Morris Government Affairs LLC as a managing director in its Baltimore and Washington offices. Hill was most recently public affairs counsel for WolfBlock Government Relations LP.
Gang Tyre Ramer & Brown Inc., specializing in transactional entertainment law, elected Tara Kole to the firm's partnership.
Before joining Gang Tyre in 2005, Kole was a law clerk for U.S. Supreme Court Justice Antonin Scalia.
Major, Lindsey & Africa LLC added managing directors Jennifer Winslow and Jason Yuen to its Los Angeles office. Winslow covers associate placements. She was commercial litigator for Morrison & Foerster LLP and TroyGould PC, specializing in intellectual property and contract disputes. Yuen was a partner-level legal recruiter at Alan Miles and Associates Inc.