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Movers & shakers: April 7, 2009

by Baz Hiralal  |  Published April 7, 2009 at 12:00 AM

MikeCorbatMovers.pngMike Corbat, who was interim-CEO of Citigroup Inc.'s Citi Holdings, will remove the interim from his title.

Corbat had been CEO of Citi's global wealth management unit until January, when Citigroup said it would split into two standalone businesses: Citi Holdings, a noncore asset management and consumer finance operation, and Citicorp, whose banking operations would include investment banking, wealth management, global transactions and other services.

Prior to January, Corbat was head of the global corporate bank and global commercial bank at Citi. Earlier, Corbat was head of global emerging-markets debt, responsible for origination, trading and sales of emerging-markets fixed-income debt. He joined Citigroup in 1983.

In March, Gary Crittenden became chairman of Citi Holdings, while Edward "Ned" Kelly, previously head of global banking, took Crittenden's role as chief financial officer of Citigroup.

Crittenden had been CFO of Citi since March 2007. Before joining the bank, he was executive vice president, CFO and head of global network services at American Express Co. Kelly was head of global banking, Citi Private Bank and president and CEO of Citi Alternative Investments in the bank's institutional clients group.

Also at Citi Holdings in January, Steve Freiberg was named to head the consumer businesses, but the firm now said he will retire after nearly 30 years with Citi. Freiberg was chairman and CEO of Citi's global consumer group in the U.S. and co-chair of the global consumer group.

Separately, Citigroup appointed Eric Aboaf as treasurer of Citi, reporting to Kelly. Aboaf was CFO of the institutional clients group. Before that, he was CFO of global consumer and head of financial planning and analysis. Prior to joining Citi in 2003, Aboaf was co-head of Bain & Co.'s U.S. financial services practice.


Deutsche Bank AG hired Wayne Yang as head of key clients group, Southeast Asia. Yang joins the wealth management unit from Bank of America Merrill Lynch, which he left in March. At Merrill, Yang was a managing director and Pacific Rim head of the ultra-high-net-worth investment banking coverage team. He also worked at Citigroup Inc.

Recently, Deutsche Bank's head of private wealth management for Southeast Asia/South Asia, Jimmy Lee Kong Eng, left to join Swiss private bank Clariden Leu AG as head of Asia.

Separately, DB appointed Mounir Husseini as chief country officer for the United Arab Emirates and general manager of its branch at the Dubai International Financial Centre. He replaces retiring Ricardo Honegger. Husseini will remain as chief country officer for Qatar and general manager of its branch at the Qatar Financial Centre. He will report to Henry Azzam, Deutsche Bank's CEO, Middle East and North Africa.

Husseini joined Deutsche Bank in 2007 from Daimler AG, where he worked for 11 years, most recently as a managing director and a member of the executive committee of the structured finance arm in Berlin.


Arthur Peponis joined New York-based Angelo, Gordon & Co. as co-head of private equity and special situations. He previously spent 16 years at Goldman, Sachs & Co., most recently as a partner in the financial sponsors group.


Ladenburg Thalmann & Co. expanded its equity research coverage into the software sector, hiring Aaron Schwartz as a senior vice president in New York. Schwartz worked at J.P. Morgan Chase & Co. as a senior equity research analyst covering the small- and midcap software industry.


Michael Halloran joined Kilpatrick Stockton LLP's Washington office as a partner on the financial institutions and mergers and acquisitions and securities teams in the corporate department.

Earlier, Halloran was a counselor to the chairman and deputy chief of staff of the Securities and Exchange Commission. Before that, he was firmwide co-chair of the corporate securities group and business law sections of Pillsbury Winthrop Shaw Pittman LLP. From 1990 to 1996, Halloran was group executive vice president and general counsel at BankAmerica Corp.

Separately, Kilpatrick said James Cain, former U.S. ambassador to Denmark, rejoined the firm's corporate department, working from New York, Washington and Raleigh, N.C.


Hiscock & Barclay LLP created a sports and entertainment practice, hiring Thomas Mandelbaum and Monika Tashman as partners in New York. They hail from recently disbanded Dreier LLP, where Mandelbaum was co-chair of the entertainment practice.

Mandelbaum will co-chair the new practice with partner Robert Lanza.


Smith, Gambrell & Russell LLP enlisted a team of trusts and estate attorneys, led by Roy Kozupsky. He arrives as a partner in New York and was founder and managing partner with Roy P. Kozupsky & Associates LLP. He is joined by associates Paul Sowell and Michael Levy and three staff members.


Intangible asset consulting firm Streambank LLC opened a New York office and hired Jack Hazan to provide marketing and business development services to clients. He previously worked at Hexagon Capital Advisors and Azrak Capital Group. Before that, Hazan was a corporate restructuring and bankruptcy attorney at Kramer Levin Naftalis & Frankel LLP.

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Tags: Angelo Gordon & Co. | Arthur Peponis | Bank of America | Citigroup | Deutsche Bank | Goldman Sachs | Mike Corbat | Wayne Yang
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