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by Baz Hiralal
New York-based Boon Sim, Credit Suisse Group's global head of mergers and acquisitions, will join Singapore's Temasek Holdings Inc. in June as president, North America. He will also be co-head of the Americas and Europe, and of the credit portfolio business. Before becoming head of M&A at Credit Suisse in December 2009, Sim was head of Americas M&A since 2005 and was previously co-head of the technology group. He joined the firm in 1991.
Sim will be replaced at Credit Suisse by Scott Lindsay, who will become global head of mergers and acquisitions in June. Lindsay founded the firm's takeover defense group and cross-border M&A unit. He became co-head of M&A in 1993 and co-chairman in 2000. Lindsay joined the firm in 1982 and works from London and New York.
3i Group plc in London named chief investment officer Simon Borrows to succeed Michael Queen as CEO.
Borrows has been a member of the board since he joined the firm in October. Before this, he was chairman of Greenhill & Co. International LLP and was previously co-CEO of Greenhill & Co. Before founding Greenhill's European operations in 1998, he was managing director of Baring Brothers International Ltd. Chairman Adrian Montague said in a statement, "He has already made a significant positive impact as CIO, bringing a fresh focus and discipline to 3i's investment processes."
Queen, who announced his resignation in March, spent 25 years at the private equity house. He became CEO in 2009, taking the role from Philip Yea.
Energy bankers Ray Wood, Gavin Wolfe and Jason Satsky will join Bank of America Merrill Lynch in August, based in New York. Wood will be head of U.S. power and renewables, with managing directors Wolfe and Satsky reporting to him. Wood was co-head of U.S. power and renewables and co-head of global alternative energy at Credit Suisse Group. Wolfe was co-chairman of Credit Suisse's power and renewables group.
Nomura Holdings Inc. tapped Wendy Liu as head of China equity research. She was a managing director and head of China research and the China strategist at Royal Bank of Scotland Group plc. Before that, she was a senior director and co-head of Asia-Pacific telecom research at Merrill Lynch & Co.
Separately, Wonseok Chae joined Nomura as head of corporate sales and financing, Korea. Chae joins from Goldman, Sachs & Co., where he was head of corporate sales for Korea. Previously at Deutsche Bank AG, he was head of the corporate coverage group.
William Blair & Co. hired technology investment bankers Robert Abbe and Per-Ake Stahl as managing directors and Charles Ruppert as a vice president in San Francisco. The join from Morgan Keegan & Co., having previously worked at Jefferies & Co.
Before Morgan Keegan, Abbe led Jefferies' West Coast technology M&A practice. Stahl, prior to Morgan Keegan, led the West Coast communications and wireless investment banking team at Jefferies and, before that, was director of M&A for Nokia in the U.S.
Allan Van Fleet, formerly with Greenberg Traurig LLP, joined McDermott Will & Emery LLP as a partner in Houston as a member of its antitrust and competition practice. He is joined by associate Nicholas Grimmer. Van Fleet is the immediate past chairman of the American Bar Association section of antitrust law.
Real estate transactional attorney Loryn Arkow joined Kelley Drye & Warren LLP as a partner in Los Angeles. She was formerly a partner at Cox, Castle & Nicholson.
In New York, corporate partner Bruce Kraus joined the firm to focus on mergers and acquisitions, joint ventures, capital markets, restructurings and securities law. He was co-chief counsel, division of risk, strategy and financial innovation at the U.S. Securities and Exchange Commission. Before that, Kraus was a partner at Willkie Farr & Gallagher LLP.
Clippings from the next column:
-- Oak Hill Advisors LP hires former head of alternative fund distribution at UBS Investment Bank, Declan Tiernan.
-- Lazard taps David Cecil as a managing director, financial advisory, and head of North American exploration and production.
-- Oppenheimer & Co. brings in Paul Vasilopoulos as head of telecom in the investment banking unit.
-- Schulte Roth & Zabel LLP adds 11 private equity and real estate attorneys from Dewey & LeBoeuf LLP, including partners Joseph Smith and Marshall Brozost.
-- Hewlett-Packard Co. said to be considering cutting up to 30,000 jobs.
Real estate transactional attorney Loryn Arkow joined Kelley Drye & Warren LLP as a partner in Los Angeles.
