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Movers & shakers: Nov. 5, 2008

by Baz Hiralal  |  Published November 5, 2008 at 12:00 AM

GlennTillesBig.jpgGreenhill & Co. hired three former Lehman Brothers Holdings Inc. bankers to open a Chicago office for the independent investment bank. Glenn Tilles, Doug Jackson and Chris Roehm join as managing directors.

Tilles (pictured), a 34-year Lehman veteran, will head the new Chicago office. He has focused on metals and basic materials companies. Jackson was with Lehman for nine years. He also worked at Bank of America Corp. and practiced corporate law. He focuses on mergers and acquisitions for industrial companies. Roehm spent eight years at Lehman Brothers. Previously, he was with J.P. Morgan Chase & Co. for five years. He covers capital equipment and machinery companies.

Greenhill now has 49 managing directors; 14 were hired this year.


Michael Alix was named a senior vice president in the bank supervision group of the Federal Reserve Bank of New York. He is a senior adviser to William Rutledge, executive vice president, bank supervision group. Most recently, Alix worked at Bear Stearns Cos., where he was chief risk officer from 2006 to 2008 and global head of credit risk management from 1996 to 2006.

He spent eight years at Merrill Lynch & Co., where he was a director, Asia chief credit officer and a vice president, head of North America financial institutions credit. He began his career with the Irving Trust Co., serving as an assistant vice president and lending officer.

In Hong Kong, Credit Suisse Group hired Neel Laungani as head of telecom and media for Asia-Pacific, a new role. Laungani spent the past five years as head of that group in Asia-Pacific, ex-Japan, for Lehman Brothers Holdings Inc. Laungani reports to Paul Raphael, head of investment banking, Asia-Pacific, and to Giuseppe Monarchi, co-head of European technology, media and telecom.


Nomura Holdings Inc. made Jai Rajpal and Thomas Siegmund joint heads of fixed income, Asia-Pacific, ex-Japan. Rajpal will remain in Singapore, while Siegmund will relocate from Tokyo to Hong Kong. Both will report to Zenji Nakamura, head of global fixed income. Rajpal was head of fixed income, Singapore and Southeast Asia, while Siegmund was head of liquid markets, Asia-Pacific, for Lehman Brothers Holdings Inc.


In New York, Deutsche Bank Securities Inc. enlisted William Curley and Anthony Viscardi for its global banking division as managing directors in the financial institutions group, responsible for mortgage finance sector coverage.

Curley joins from Lehman Brothers Holdings Inc., where he was a managing director and head of the firm's mortgage banking advisory practice. Viscardi was a managing director in FIG at Lehman, covering the non-bank finance sector.

Other FIG specialists hired from Lehman include director Matthew Monahan, structured asset solutions; vice president Peter Salwin, specialty and mortgage finance; vice president Daniel Zimbaldi, mortgage finance; and associate Brendan Sheldon, specialty and mortgage finance.

Separately, Peter Hornick joined DB Securities' institutional client group in the global markets division as a managing director and head of credit sales for North America. Based in New York, he reports to Lou Jaffe, managing director and head of ICG debt sales for the Americas.

Hornick arrives after six years at Lehman Brothers, where he was most recently global head of the CDO group, overseeing trading, sales and research. Prior to that, he was global head of levered credit sales. Before Lehman, Hornick was a derivatives trader at Merrill Lynch & Co. in New York and London.


Wells Fargo & Co.'s board, with the suggestion of CEO John Stumpf, requested that chairman Dick Kovacevich continue as chairman for an interim period. Management granted an exception to the company's mandatory retirement age of 65 for senior executives. Kovacevich, who turned 65 last week, will help with the merger integration of Wells Fargo and Wachovia Corp. After he retires, the board intends to make Stumpf chairman and CEO.


Goodwin Procter LLP will open an office in Hong Kong, focusing on private equity, venture capital, technology companies and fund formation. Yash Rana and Brian McDaniel will launch the office. Rana is a partner in the private equity and mergers and acquisitions group and head of the India practice. McDaniel is a partner in the firm's business law department and a member of the private investment funds practice.


Dechert LLP expanded its Hong Kong office, adding Michael Hickman, Liang Tsui and David Chu as partners. Hickman and Tsui, formerly with Fried, Frank, Harris, Shriver & Jacobson LLP, joined the corporate and securities practice. Chu, a former partner at Heller Ehrman LLP, joins the white-collar and securities litigation group.

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Tags: Anthony Viscardi | Bear Stearns | Credit Suisse | Deutsche Bank | Dick Kovacevich | Federal Reserve | Glenn Tilles | Greenhill | Jai Rajpal | Lehman Brothers | Michael Alix | Neel Laungani | Nomura | Peter Hornick | Thomas Siegmund | Wells Fargo | William Curley
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