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Credit Suisse Group chairman Walter Kielholz will resign from the board to focus on his new position as chairman of Swiss Reinsurance Co. He will stand for re-election as a board member of Credit Suisse with no functional duties. Vice chairman Hans-Ulrich Doerig will succeed Kielholz (pictured) on April 24 at the annual general meeting. Taking Doerig's role will be Urs Rohner, now chief operating officer and general counsel. Richard Thornburgh, a member of the board since 2006, will become chairman of the risk committee, in place of Doerig.
Romeo Cerutti, a senior member of the general counsel organization, will succeed Rohner as general counsel. Cerutti will be appointed to the executive board on April 29.
Jean Manas, head of Deutsche Bank AG's Americas mergers and acquisitions, has quit the firm "to pursue entrepreneurial opportunities." One source says that Manas felt he was "hosed" on his bonus this year, which fits into a pattern of frustration that is emanating from the German bank.
Manas arrived at Deutsche in 2005 after stints at Goldman, Sachs & Co. and J.P. Morgan Chase & Co. Bruce Evans, who joined Deutsche in early 2007 after 17 years at Goldman Sachs, is replacing him. -- Vipal Monga
Lazard named Antonio Weiss global head of mergers and acquisitions. Weiss joined Lazard in New York in 1993 and became a managing director in 1999. Since 2006, he's been a vice chairman of European investment banking. Weiss recently advised InBev SA on its $52 billion acquisition of Anheuser-Busch Cos. and Eni SpA on its $3.8 billion acquisition of Belgian natural gas distributor Distrigaz SA.
Swiss Reinsurance Co. chairman Peter Forstmoser decided to resign from the board one year earlier than planned, effective May 1. Vice chairman Walter Kielholz, also Credit Suisse Group's chairman, will succeed him, and board member Mathis Cabiallavetta will take Kielholz's place. Forstmoser was elected to the board in 1990. In 2000, he became chairman.
In addition, Thomas Bechtler, Bénédict Hentsch and Kaspar Villiger will resign as members of the board at the annual meeting on Friday.
In February, Swiss Re CEO Jacques Aigrain resigned, taking responsibility for the firm's losses, which are expected to be about Sfr1 billion ($864 million) for 2008. The board appointed Stefan Lippe, now deputy CEO and chief operating officer, as Aigrain's successor. In 1981, Aigrain began his career at J.P. Morgan Chase & Co., where he eventually became co-head of corporate finance. He joined Swiss Re in 2001, becoming CEO in 2006. Lippe has been with Swiss Re for 25 years.
Moelis & Co. hired Mark Hootnick as a managing director in its recapitalization and restructuring group, based in New York. In May, Hootnick joined Broadpoint Capital Inc. from Imperial Capital LLC. Before joining Imperial in April 2007, he spent two years at Greenhill & Co.
Earlier, Hootnick spent seven years with Miller Buckfire Ying & Co. LLC. He also worked at Dresdner Kleinwort Wasserstein and was a bankruptcy lawyer with Kramer Levin Naftalis & Frankel LLP.
Last week, Moelis hired Chris Ryan as a managing director in New York to advise clients on risk and balance-sheet-related matters and to expand its capital markets business. Ryan spent nine years at UBS Investment Bank, where he was global head of credit fixed income.
In February, Roger Hoit joined Moelis as a managing director in New York, advising financial sponsors. Hoit was a managing director in the global financial sponsors group at Morgan Stanley, which he joined in 2000.
Nixon Peabody LLP partner Philip Taub will lead the firm's new national and international mergers and acquisitions practice, which combines the private company transactions group and venture capital, emerging growth and technology group.
Partner Timothy Mungovan was selected to lead the firm's financial services and securities litigation practice group. Mungovan succeeds Scott O'Connell, a partner in the litigation group, who stepped down to lead the litigation department's cross-practice class-action team. Partners Marc Kaufman and David Resnick will lead the patents group.
The firm also launched a South Asia practice, led by government investigations and white collar defense partner Anjali Chaturvedi.
Barclays Capital appointed John Glover as a director in foreign exchange sales, based in Toronto. Glover joins from HiFX Canada Inc., where he was head of structured products.
O'Melveny & Myers LLP announced that David DeMuro, most recently a managing director and global head of compliance and regulation for Lehman Brothers Holdings Inc., is joining its New York office as senior counsel and member of the securities enforcement and regulatory counseling practice. DeMuro spent the first 10 years of his career at the Securities and Exchange Commission, first as an enforcement attorney and later as a member of its office of general counsel.
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