by Baz Hiralal
Shuaa Capital psc named Sabah al-Binali as chief investment officer and CEO of its credit division. He joined the firm last year as vice chairman of Gulf Finance Corp. and is also chairman of the recently established Gulf Installments Co. He has been head of treasury and investments at Union National Bank, founding managing director of Credit Suisse Saudi Arabia and chief investment officer of Saffar Capital.
In a statement, Al-Binali noted that "credit investing in the Middle East is a nascent activity that addresses the financing gap left by traditional bank lending and equity and debt capital markets."
David Samuels, former global head of risk solutions and analytics for S&P Capital IQ, joined Promontory Financial Group as a managing director. Samuels is based in New York but will continue to spend time in Europe, the Middle East, Africa and Asia-Pacific.
From 2004 to 2007, Samuels was chief operating officer and global head of SunGard Erisk. Before that, he was president and CEO of Zoologic Inc., a provider of learning tools for the financial services industry.
The Receivables Exchange, an online marketplace for selling accounts receivable, named Michael MacDonald as executive vice president, institutional sales. MacDonald hails from Keefe, Bruyette & Woods Inc., where he spent 11 years and was a managing director, loan portfolio strategies group.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC expanded its San Francisco office, adding Robert E. Burwell to the firm's corporate and securities section as a member. He was a part in the private equity practice at Latham & Watkins LLP.
Former U.S. Sen. Scott Brown, R.-Mass., joined Nixon Peabody LLP as counsel in the firm's Boston office. Brown will focus on business and governmental affairs as they relate to the financial services industry as well as on commercial real estate matters. Brown served in the Massachusetts State House of Representatives from 1998 to 2004 and then in the Massachusetts State Senate from 2004 to 2010. He was in office from Feb. 4, 2010 to Jan. 3.
Simpson Thacher & Bartlett LLP elected William R. Dougherty, mergers and acquisitions and corporate finance, as chairman of its executive committee, the firm's governing body. He succeeds Philip T. Ruegger, who was chairman since 2004. Ruegger will remain a member of the committee until his retirement later this year. Dougherty joined the firm in 1986 in New York, worked in Tokyo and London and was named a partner in 1995.
Jones Day announced that Ansgar Rempp, formerly partner-in-charge of its Düsseldorf office, is now German regional partner-in-charge. Rempp has been with Jones Day for 20 years. In 2003, he headed the opening of Jones Day Munich.
John P. Scordo, formerly of Day Pitney LLP, joined K&L Gates LLP as a partner in the firm's insurance coverage practice. He counsels clients on liability, litigation and insurance coverage issues involving privacy, data breach and data protection.
Cooley LLP said Michael R. Faber joined the firm as a partner in its tax practice. Faber, who will be based in New York, joins from Wilson Sonsini Goodrich & Rosati PC, where he focused on mergers and acquisitions, as well as general corporate and partnership tax matters.
Stringer joined Sony in its heyday in May 1997 as president and chief operating officer of Sony Corp. of America. He was named chairman and chief executive of SCA in 1998 and became chairman and CEO of the parent in June 2005. He gained the title of president in April 2009. In recent years, he initiated a cost-cutting strategy as the conglomerate has been hit by a faltering TV market and struggled to keep up with competitors such as Apple Inc. on smartphones and personal audio devices.
Prior to Sony, Stringer had a 30-year career as a journalist, producer and executive at CBS Inc., where he was president from 1988 to 1995. He earned nine individual Emmys as a writer, director and producer from 1973 to 1983. Stringer was later chairman and chief executive of TELE-TV, a media and technology company formed by Bell Atlantic, Nynex and Pacific Telesis, from February 1995 to April 1997.
Stringer, knighted by Queen Elizabeth II on Dec. 31, 1999, will focus on "new opportunities" and continue his charity work.
Clippings from the next column:
-- Morgan Stanley hires Gary Kaminsky as vice chairman, wealth management.
-- Brian Hoffmann, previously co-chair of the M&A practice in the Americas at Clifford Chance LLP, joins McDermott Will & Emery LLP.
-- Altius Associates Ltd. appoints William Charlton as a partner and head of U.S. investments.
-- NorthEdge Capital taps Tom Rowley as an investment manager.
-- Baring Asset Management hires Cora Gibbons as head of product and fund development.
-- General Electric Co. nominates former U.S. Securities and Exchange Commission chairwoman Mary Schapiro as a board member.
David Samuels, former global head of risk solutions and analytics for S&P Capital IQ, joined Promontory Financial Group as a managing director.