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by Baz Hiralal
Guggenheim Partners LLC hired a five-person retail investment banking team from Barclays plc, including senior managing directors Andrew Taussig and Spencer Hart, managing directors Matthew Pilla and Ken Harada and Ryan Mash.
Taussig, Hart, Pilla and Harada worked together at Credit Suisse Group and Lehman Brothers Holdings Inc. and went to Barclays when it acquired Lehman's North American investment bank in 2008. Mash had been head of retail mergers and acquisitions at Bank of America Merrill Lynch and Barclays.
Taussig joined First Boston Corp. in 1982 and founded its retail group. Among other deals, he worked on the $8 billion sale of Toys "R" Us to Bain Capital Partners LLC, Kohlberg Kravis Roberts & Co. LP and Vornado Realty Trust; the $4 billion sale of Reebok to Adidas AG, the $7 billion sale of Dollar General Corp. to KKR, CVS's approximately $25 billion combination with Caremark Rx; the $3 billion acquisition of Longs Drug Stores Corp. by Walgreen Co., and Cerberus Capital Management's $3 billion acquisition of New Albertsons Inc. from Supervalu Inc. Hart joined Credit Suisse First Boston in 1991 and concentrates on the retail, apparel and restaurant sectors.
Private equity firm J.W. Childs Associates LP promoted Todd Fitzpatrick from vice president of finance to chief financial officer and Hemanshu Patel to vice president. The firm also hired Jeffrey Miller as a vice president. Fitzpatrick joined the firm last year and was previously CFO of Boston-based Nexus Medical & Technology Capital. From 1994 to 1998, he was with Coopers & Lybrand.
Miller joined J.W. Childs from New York investment bank Sawaya Segalas & Co., which focuses on consumer mergers and acquisitions.
Pramerica Real Estate Investors tapped Annemarie Manning as a director in the business development team in London. Manning hails from Greenhill & Co., where she spent three years as a principal, real estate, infrastructure and private equity and focused on business development and fundraising. Before that, she spent eight years at APG Investments in the Netherlands, most recently as senior portfolio manager, PE real estate and debt.
Pramerica is the European arm of the real estate investment and management business of Prudential Financial Inc.
E*Trade Financial Corp. named Navtej S. Nandra as president, managing the core domestic retail franchise. He replaces Michael Curcio, who will remain as an employee in an advisory role for a transition period of up to six months. Nandra was head of international for Morgan Stanley Investment Management. He had also been chief strategy officer for real estate investing and merchant banking.
Prior to joining Morgan Stanley in 2010, Nandra worked at Bank of America Merrill Lynch, first as chief operating officer of global investment banking and then as head of diversified financial services and COO of global wealth management. Nandra will receive an annual base salary of $750,000 and be eligible for an annual cash performance bonus with an annual target of $1.65 million and for an equity incentive with an annual target initial value of $1.65 million.
E*Trade also named Liza Landsman as chief marketing officer. She was global head of digital at BlackRock Inc. Landsman previously spent 10 years at Citigroup Inc. and was an operating partner at Bravas Partners.
National Alliance Capital Markets, the institutional broker-dealer arm of National Alliance Securities LLC, hired senior media analyst Robert G. Routh. He was most recently an executive director at Phoenix Partners Group. Before that, Routh was a director at Wedge Partners from 2008 to 2010; a managing director at Ankh Investments of Florida LLC for a year; a managing director at Jefferies & Co. from July 2004 to March 2007; spent three years at Natexis Bleichroeder in equity research; was a senior vice president of equity research at Ladenburg Thalmann Financial Services Inc. from 1999 to 2001; and an equity analyst at Bear, Stearns & Co. from 1994 to 1999.
In 2006, Routh was ranked as the No. 1 stock picker in the media industry in the Forbes.com/StarMine Analyst survey.
David Walker, formerly of Clifford Chance LLP, joined Latham & Watkins LLP's London office as a corporate partner. He is a mergers and acquisitions lawyer, focused on private equity.
Clippings from the next column:
-- Lazard Ltd. hires Larry Slaughter as a managing director and vice chairman, investment banking.
-- Deutsche Bank AG taps Young Kim as a managing director in ECM, power and energy.
-- UBS Global Asset Management brings in Trevor Cooke as head of global real estate, Asia Pacific.
-- Goldman, Sachs & Co. names Julian Salisbury as head of global special situations.
-- Carlyle Group LP enlists a six-person international energy investment team, including Marcel van Poecke.
-- Robert Sharpe becomes co-portfolio manager of the Heartland International Value Fund.
-- D.A. Davidson & Co. combines with Crowell, Weedon & Co.
-- Bill Suddath rejoins Robert W. Baird & Co.'s healthcare investment banking team.
-- Intel Corp. elects Brian Krzanich as CEO, succeeding Paul Otellini. Renée James will be president.
-- Royal Dutch Shell plc CEO Peter Voser plans to retire.
Private equity firm J.W. Childs Associates LP promoted Todd Fitzpatrick from vice president of finance to chief financial officer.
