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by Baz Hiralal
Barclays plc appointed David Walker as a nonexecutive director, effective Sept. 1. He will succeed a retiring Marcus Agius as chairman on Nov. 1. Walker, who co-led the independent review of the report that the Financial Services Authority produced into the failure of Royal Bank of Scotland plc, is a senior adviser to Morgan Stanley and was previously chairman at Morgan Stanley International. He has been assistant secretary at the Treasury, executive director at the Bank of England, chairman and CEO of the Securities and Investment Board, deputy chairman at Lloyds Bank and chairman of the London Investment Bankers' Association. Since 2007, when he was commissioned by private equity firms and the British Private Equity and Venture Capital Association, he has completed two independent reports and made recommendations regarding the PE industry and corporate governance at financial institutions.
In the wake of the Libor-rigging scandal, former CEO Bob Diamond left the firm in July. Walker's first task will be to look for Diamond's replacement.
Venture capital firm Lux Capital hired former Pfizer Inc. chairman and CEO Jeff Kindler as a venture partner. Kindler joined Pfizer in 2002 as executive vice president and general counsel and, prior to his appointment as CEO in July 2006, he was a vice chairman of the company since 2005.
Kindler has worked at Washington's Williams & Connolly LLP, where he became a partner there and then moved to General Electric Co. in 1990 as vice president of litigation and legal policy. After that, he joined McDonald's Corp. as executive vice president and general counsel, responsible for both legal and corporate affairs, and worked there until 2002.New York-based E*Trade Financial Corp. made Frank Petrilli interim CEO, replacing Steven Freiberg. The board formed a committee (Petrilli, Rodger Lawson, Kenneth Griffin, Donna Weaver and Stephen Willard) to find a permanent CEO.
Lawson was named lead independent director to serve as a representative for the nonmanagement directors. Petrilli has been a director and chairman of the board since January. Most recently, he was CEO of Surge Trading Inc. and was president and chief executive of Nexxar Group Inc. From 1995 to 2004, he held several roles at TD Waterhouse.
Last year, Chicago hedge fund Citadel LLC pushed for a sale of E*Trade. Citadel became its largest shareholder, bailing out the brokerage with $2.5 billion in 2007 after its mortgage assets soured.
BNY Mellon named Paul Schulte as head of investment strategy, Asia-Pacific, based in Hong Kong. He will report to Alan Harden, CEO for the Asia-Pacific investment management business, and to Jack Malvey, New York-based chief global market strategist for investment management.
Schulte was most recently global head of financial strategy at China Construction Bank International Securities. From 2007 to 2010, he was managing director and head of multistrategy and Asia banks' research for Lehman Brothers Holdings Inc. and then at Nomura International.
London-based technology investment bank GP Bullhound LLP acquired German corporate investment house Pure Equity Advisors GmbH for an undisclosed price. Pure Equity founder and managing director Julian Riedlbauer joins GP Bullhound as a partner and heads the firm's new Berlin office. GP Bullhound said Riedlbauer's extensive network of German venture capital and corporate relationships would help it support clients in its key areas such as e-commerce, digital media, software, gaming and green technology. -- Jonathan Braude
Charles River Associates tapped Loretta Cross as a vice president in the energy and environment practice in Houston. Joining with her to create an energy restructuring team for the firm are principals Rob Moore II and Vernon Jones and associate principal John Baumgartner, all from Grant Thornton LLP.
Gross is the founder of Grant Thornton's corporate advisory and restructuring services practice and was managing partner, energy advisory, corporate advisory and restructuring services.
Real estate finance attorney Michael Peskowitz joined Venable LLP 's New York office as a partner. Peskowitz joins from the New York office of Sidley Austin LLP, where he was a partner.
Harris Williams & Co. made five promotions. Matt White was named a director, and Chris Burnham, Paul Hepper, Andy Hewlett and Doug Kinard were promoted to vice presidents. White and Burnham are in the energy and power group, Hepper and Hewlett cover healthcare and life sciences and Kinard works in aerospace, defense and government services.
Shareholder Mark Tattoli joined Buchanan Ingersoll & Rooney PC's energy practice in Pittsburgh. Tattoli joined the firm from NuStar Energy LP, a midstream master limited partnership. Prior to serving as in-house counsel, Tattoli worked in the Houston office of Haynes and Boone LLP, advising clients in the energy and petrochemical industry on general corporate, mergers and acquisitions and securities matters.
Rembrandt IP Management LLC hired Meredith Carter as managing director of business development. She will partner with owners of fundamental patents and assist them in enforcing their patents against major companies that infringe upon them. Carter was previously with Connolly Bove Lodge & Hutz LLP for seven years.
Clippings from the next column:
-- Standard Chartered Bank plc names Andrew Suckling as global head of mergers and acquisitions.
-- Bank of America Corp. vice chairman Charles Noski to retire in September.
-- Ingersoll-Rand Co. adds activist investor Nelson Peltz to its board of directors.
Rembrandt IP Management LLC hired Meredith Carter as managing director of business development.
