Ellyn McColgan, president and chief operating officer of global wealth management at Morgan Stanley, is leaving the firm. McColgan (pictured left) was a member of the firm's management committee, reporting to co-president James Gorman (right), who was recently named to head a new joint venture with Citigroup Inc.'s Smith Barney. The venture will have more than 20,000 brokers.

McColgan arrived at Morgan in April after 17 years at Fidelity Investments, where she was president of distribution and operations. Earlier, she was president of Fidelity Brokerage Co.

Standard Chartered Bank hired Zubaid Ahmad as vice chairman and head of corporate finance for Americas, a new role. Based in New York, Ahmad joins from J.P. Morgan Chase & Co., where he was vice chairman and chief operating officer of Americas investment banking.

Tilney Private Wealth Management, the U.K. arm of Deutsche Bank Private Wealth Management, hired Kypros Charalambous as an investment director, based in Birmingham.

Charalambous is the second senior hire from Barclays Wealth in six months. His colleague Daniel Good joined last year. They were responsible for launching and managing the Barclays Wealth Portfolio Service.

3i Group plc made Cressida Hogg a managing partner for infrastructure. She succeeds Michael Queen, who was named CEO to replace Philip Yea, who left earlier this week. Queen became managing partner of the infrastructure business line in 2007 after several years as global head of growth capital.

Hogg joined 3i in 1995 and worked in the U.K. growth capital and buyouts businesses, before becoming head of the infrastructure investment team when it was established in 2005.

Jefferies & Co. hired Stephen Volkmann as a senior equity research analyst in its industrial research franchise. Before Jefferies, Volkmann was an executive director and machinery analyst at J.P. Morgan Chase & Co. Previously, he was an executive director and machinery/multi-industry analyst at Morgan Stanley in New York and Tokyo.

Marlin & Associates New York LLC said Tom Selby and Byron Sproule joined its investment banking advisory team. Selby will work from the new Toronto office, while Sproule is based in New York.

Selby is a former vice president of business development of SunGard Data Systems Inc. Sproule was an executive director in J.P. Morgan Chase & Co.'s technology investment banking group.

South Africa's Standard Bank Group Ltd. moved its Americas headquarters from New York to Sao Paolo and will tap Eduardo Centola to lead the region. Centola will arrive from Goldman, Sachs & Co.

In London, Paul, Hastings, Janofsky & Walker LLP took on seven partners from Cadwalader, Wickersham & Taft LLP: Michelle Duncan, Justin Jowitt, Christian Parker, Charles Roberts, Karl Clowry, Conor Downey and Tom O'Riordan. The team coverage spans restructuring and insolvency, litigation, structured finance, investment funds and real estate finance.

Beth Wilkinson joined Paul, Weiss, Rifkind, Wharton & Garrison LLP as a partner, resident in Washington. Wilkinson, formerly co-chair of Latham & Watkins LLP's white collar practice and executive vice president, general counsel and corporate secretary at Fannie Mae, will join the litigation department.

Legal search firm Major, Lindsey & Africa hired of Karen Kowalski as a managing director in Chicago. She will represent partners and practice groups considering lateral opportunities and represent firms in mergers and group acquisitions. Kowalski was a partner in the tax department at Winston & Strawn LLP.

Wilmer Cutler Pickering Hale and Dorr LLP tapped Sara Kelsey for its New York office as counsel in the financial institutions practice group. Most recently, she was general counsel of the Federal Deposit Insurance Corp. Before that, Kelsey was deputy superintendent and general counsel of the New York State Banking Department.

Berwin Leighton Paisner brought in finance experts Jayne Black and Eleanor Hunwicks as partners. Both were previously at Katten Muchin Rosenman LLP.

Quarles & Brady LLP named Ave Bie managing partner of the firm's Madison, Wis., office. Bie, who joined the firm in 2005, focuses her practice on public utilities and corporate practice groups, where she advises on state and federal matters for clients nationwide.

At Fulbright & Jaworski LLP, Rick Farmer joined as a partner in New York and Andrea Lachenmayr arrived as a partner in Washington. The corporate transaction and project finance lawyers came from Thelen Reid Brown Raysman & Steiner LLP.

Sherwin Kaplan joined Nixon Peabody LLP's labor and employment practice as counsel in Washington. Kaplan hails from Thelen LLP. Previously, he served in both the Office of the Solicitor and the plan benefits security division of the U.S. Department of Labor.