by Baz Hiralal
Shearman & Sterling LLP's seven-year senior partner Rohan Weerasinghe will join Citigroup Inc. as its general counsel and corporate secretary on June 1, reporting to CEO Vikram Pandit. Michael Helfer, who held the legal roles at Citi for nine years, will become vice chairman.
Weerasinghe joined Shearman & Sterling in 1977, initially focusing on mergers and acquisitions and later on capital markets. He was named a partner in 1986.
Shearman & Sterling's global policy committee expects to identify the senior partner-elect before its annual partners meeting in May.
Yahoo! Inc. said it would lay off 2,000 employees, or 14% of its workforce.
The Web giant expects to reap about $375 million in annualized savings from the cuts.
Scott Thompson, the former president of eBay Inc.'s PayPal unit who took over as Yahoo!'s CEO in January, said in a statement the job cuts would create a nimbler, more profitable company and that Yahoo! would intensify efforts on its core businesses, though those businesses were not specified.
Skadden, Arps, Slate, Meagher & Flom LLP said partner John Ale was appointed vice president and general counsel of longtime client Occidental Petroleum Corp., succeeding Donald de Brier, who will become corporate executive vice president. Ale, who joined Skadden in 2002, led its Houston office since 2005. Charles Schwartz, head of the litigation practice in Houston, takes over that office.
Prior to Skadden, Ale was a partner at Vinson & Elkins LLP in Houston and was later managing partner of its London office. From 1998 until early 2002, Ale was executive director and general counsel of Enron Corp.'s global water business, Azurix.
Dewey & LeBoeuf LLP partners John Altorelli, Alexander Fraser, Patrick Costello and Gerald Francese join DLA Piper's corporate and finance practice in New York. Altorelli will also be co-chair of the firm's U.S. finance practice and a member of the executive committee.
Alston & Bird LLP added Keith Gottfried, most recently a partner with Blank Rome LLP, in Washington as a partner in its corporate transactions and securities group. Gottfried was named general counsel of the U.S. Department of Housing and Urban Development in 2005.
In 2000, he joined Borland Software Corp. as senior vice president, general counsel, chief legal officer and corporate secretary, later becoming senior vice president of corporate affairs and special adviser to the CEO before leaving in 2005 for HUD. Gottfried was previously a corporate attorney in the New York office of Skadden, Arps, Slate, Meagher & Flom LLP for about seven years.
Credit and distressed investor Oak Hill Advisors LP promoted William Bohnsack Jr. to president from chief operating officer. He had been COO since 2001 and one of four senior partners since 2005.
Bohnsack joined the firm in 1993 and was named a partner in 1999.
AIS Fund Administration, offering support services to the hedge fund community, hired Tim Jones as a senior vice president and sales manager of the London office. He was director of business development at HedgeServ and was previously vice president of European sales at the Bank of New York Mellon Alternative Investment Services.
Gresham Partners LLC, a Chicago wealth management firm, tapped Tim Joeng as a principal for alternative and private equity investments, reporting to president and chief investment officer Ted Neild. Joeng was previously a portfolio manager and nonmarketable securities officer at Williams College Investment Office, responsible for investing the college's private equity and real estate/real assets portfolios.
TSG Consumer Partners LLC promoted Brian Krumrei to managing director and Jenny Baxter to principal.
In Washington, McDermott Will & Emery LLP tapped Martin Milner as a partner. He joins from Mayer Brown LLP and will focus his practice on the U.S. federal tax aspects of mergers, acquisitions, dispositions and restructuring transactions.
Bradley Arant Boult Cummings LLP expanded its white-collar criminal defense practice, adding Ty Howard as a partner in the firm's Nashville office. Howard spent the past four years as an assistant U.S. attorney and member of the white-collar and economic-crimes division of the middle district of Tennessee.
Former Dykema Gossett PLLC partner Robert Horwitz rejoined the firm as senior counsel in the financial services litigation practice, resident in Detroit. Horwitz spent the past five years as chief litigation counsel for Asset Acceptance Capital Corp., where he managed litigation, regulatory and enforcement matters. Horwitz was first with Dykema from 1994 to 2007.
Bruegel, a Brussels-based international economics think tank, said Jean-Claude Trichet, former president of the European Central Bank, was appointed chairman of its board. Trichet replaces Leszek Balcerowicz, former vice prime minister and recently president of the National Bank of Poland, who took over as chairman in 2008 from Bruegel's first chair, Italian Prime Minister Mario Monti.
And in the next column:
-- Sandy Flockhart to retire as an executive director of HSBC Holdings plc .
-- Oriel Securities taps J.P. Morgan Cazenove Ltd. 's David Knox as head of equities.
-- Dewey & LeBoeuf LLP's co-chair of the global insurance industry sector practice, James Woods , joins Mayer Brown LLP.
Alston & Bird LLP added Keith Gottfried, most recently a partner with Blank Rome LLP, in Washington as a partner in its corporate transactions and securities group.