Search
by Baz Hiralal
Activist investor Daniel Loeb notched a major victory Sunday afternoon, as Yahoo! Inc. pushed out CEO Scott Thompson after a four-month tenure that ended with an embarrassing flap over misstatements in the executive's résumé. Read the full story by Olaf De Senerpont Domis.
Peter Baccile, a 25-year J.P. Morgan Chase & Co. veteran, will join UBS in June as co-global head of real estate, leisure and lodging in the investment banking department alongside Jackson Hsieh.
Baccile was named J.P. Morgan's head of real estate mergers and acquisitions in 1995, and managed the domestic real estate, lodging and gaming business from 1997 until his departure in 1998, when he joined Chase Manhattan as global head of real estate. He retained that role as J.P. Morgan acquired Chase Manhattan in 2000 and was given joint responsibility for the J.P. Morgan Chase general industrials business in 2007. When the firm acquired Bear, Stearns & Co., Baccile was named vice chairman.
Dewey & LeBoeuf LLP San Francisco intellectual property litigators Henry Bunsow, Denise De Mory, Brian Smith and Craig Allison are founding boutique Bunsow and De Mory LLP. They are joined by seven associates and support staff. Bunsow was co-chairman of Dewey's IP litigation group and a member of the litigation department policy committee. Before Dewey, he was with Howrey LLP and Brobeck, Phleger & Harrison LLP. De Mory also joined Dewey from Howrey in January 2011.
Gleacher & Co. Securities Inc. added Thomas Giardi, David Nixon and William Pope to its investment grade credit group as managing directors. Giardi was a managing director for corporate bond trading at US Bancorp Investments Inc., where he was a founding member of its investment grade cash trading team. Nixon joins from Mitsubishi UFJ Securities (USA) Inc., where he was an executive director of credit sales. Pope joins Gleacher from Citigroup Inc., where he was a director in credit trading specializing in corporate bonds and credit default swaps of high-grade telecom, media, technology and cable companies.
Royal Bank of Scotland Group plc will cut 500 jobs in the Netherlands, mostly in back office functions.
Former E*Trade Financial Corp. CEO and 30-year J.P. Morgan Chase & Co. veteran Donald Layton will join Freddie Mac on May 21 as CEO.
A Dewey & LeBoeuf LLP document specialist, Vittoria Conn, filed a lawsuit against the firm referring to 450 layoffs, claiming sufficient notice was not given as required by the Worker Adjustment and Retraining Notification, or WARN, Act.
Energy lawyers William Lamb and Michael Didriksen of New York and Thomas Moore in Houston joined Baker Botts LLP. At Dewey & LeBoeuf LLP, they covered mergers and acquisitions, project development and divestitures. Lamb was co-chairman of Dewey's utilities, power and pipelines global industry sector group, while Moore was co-chairman of the energy M&A practice.
DLA Piper hired Jeffrey Potash as a partner for its corporate and securities practice in New York. Potash arrives from Dewey & LeBoeuf LLP, where he worked with DLA Piper's U.S. finance co-chairman John Altorelli, who joined the firm from Dewey last month along with Alexander Fraser, Patrick Costello and Gerald Francese.
Mayer Brown LLP added Dewey & LeBoeuf LLP's Barbara Goodstein in New York as a partner in the banking and finance practice.
Baker Hostetler LLP brought in Melvin Schwechter for the firm's litigation group as a partner in its Washington office and as national team leader of the international trade/compliance practice. Schwechter joins from Dewey & LeBoeuf LLP.
The firm also added Dewey intellectual property lawyer Lawrence Sung to its Washington office.
Investec Investment Banking made three appointments to its closed-end funds team. Tim Mitchell joins in corporate broking from Invesco Asset Management Ltd., where he was head of the listed funds sales team. Henry Freeman is head of closed-end funds research. Previously at Liberum Capital, Freeman led alternatives and investment funds research. Charlie Stagg joins from J.P. Morgan Cazenove Ltd.
Invesco Ltd. added analyst Charlie Ko to its global quantitative equity research team. Ko was a director and senior portfolio manager at Batterymarch Financial Management Inc., where he spent 11 years.
Brookfield Office Properties Inc. hired Philip Wharton as senior vice president, development, U.S. commercial operations. Wharton spent eight years with AvalonBay Communities Inc.
Intellectual property lawyer Richard Hsu will join Shearman & Sterling LLP as a partner in Palo Alto, Calif. Hsu was most recently a partner and member of the corporate practice in King & Spalding LLP's Silicon Valley office and, prior to that, was co-managing partner and chairman of the technology transactions practice at Townsend LLP. Earlier, he was a senior attorney at Venture Law Group.
Casey Fleck joined Latham & Watkins LLP's Los Angeles office as a partner in the corporate department. He was with Skadden, Arps, Slate, Meagher & Flom LLP since 1999 and became a partner in 2006. Fleck covers public and private securities offerings, corporate restructurings, recapitalizations, mergers and acquisitions, tender offers and consent solicitations.
And in the next column:
-- After a $2 billion trading loss, J.P. Morgan Chase & Co. will accept the resignation of chief investment officer Ina Drew, who will be replaced by Matt Zames.
-- Deutsche Bank AG makes five equities hires: Joseph Spinelli, Brad Kurtzman, Jeff Christian, Jonathan Simon and Zahid Biviji.
-- Lloyds Banking Group plc taps Standard Chartered Bank plc's Andrew Bester as CEO, wholesale.
-- Quilter adds Mark Macleod as CFO.
-- Cantor Fitzgerald & Co. names Diego Baez as managing director of Latin American equities.
Workplace law firm Jackson Lewis LLP said Caroline DiMauro joined the firm's Cincinnati office as partner.
