by Baz Hiralal
Barclays plc appointed insider Antony Jenkins as CEO to replace Bob Diamond, just as the institution's reputational challenges increase with the onset of a new criminal probe. Read the full story by Laura Board in London.
In November, Alex Schrantz will join Citigroup Inc. as a managing director and head of corporate finance, Asia Pacific. Based in Hong Kong, he reports to Farhan Faruqui, head of corporate and investment banking for Asia. Schrantz is head of finance advisory and execution for Asia-Pacific at Barclays plc. Before that, he spent 19 years with Goldman, Sachs & Co. in New York, London and Hong Kong, most recently as head of corporate finance for Asia ex-Japan.
Boston's Fidelity Investments promoted Abigail Johnson to president of Fidelity Financial Services, a new role governing the firm's core businesses of asset management, retail and institutional brokerage, retirement and benefits services as well as corporate operations and function support groups. Ronald O'Hanley will remain president of asset management and corporate services. He will now report to Johnson. The move is seen as paving the way for Johnson to succeed her father, Edward Johnson III, as chairman and CEO of the mutual fund. The younger Johnson was most recently president of the personal, workplace and institutional services organization and has been with the firm for 24 years. Ned Johnson became president of the company in 1972 and chairman and CEO in 1977.
WellPoint Inc. chairwoman and CEO Angela Braly stepped down. John Cannon will take over in the interim. Cannon, who indicated he does not want to be a permanent replacement, is executive vice president, general counsel, corporate secretary and chief public affairs officer.
Lead director Jackie Ward was named the nonexecutive chair of the board. She said in a statement: "Our board continues to believe that time will prove the wisdom of potentially transformative actions taken under Angela's leadership, from the sale of the pharmacy benefit management business to Express Scripts to the recent and proposed acquisitions of CareMore, 1-800-Contacts and Amerigroup."
The board established a search committee to consider internal and external candidates, with the assistance of a search firm.
Freeh Sporkin & Sullivan LLP and Freeh Group International Solutions LLC will combine with Pepper Hamilton LLP. Freeh Group International Solutions, a consulting company, will retain its name and operate independently under Pepper's ownership. James Bucknam remains as its president and CEO.
Louis Freeh, founder of the firm that bears his name, will become a member of the Pepper Hamilton executive committee and will continue as chairman of the board of Freeh Group International Solutions. The attorneys joining Pepper from Freeh Sporkin & Sullivan will join Pepper's white-collar litigation and investigations practice headed by Thomas Gallagher.
Independent futures brokerage and clearing firm R.J. O'Brien & Associates tapped Lawrence Latimer as senior vice president, institutional brokerage. Latimer joins RJO after 13 years at Credit Suisse Group, where he was a director, managing the firm's Chicago-based futures and options sales group for institutional accounts. Earlier, he spent 10 years at HSBC Futures Inc., where he was a vice president.
McDermott Will & Emery LLP named Robert Lamkin as a partner in its energy advisory practice, based in the firm's Washington office, focusing on the electric power sector. He was a shareholder at Greenberg Traurig LLP and was previously counsel at Susquehanna International Group.
Barnes & Thornburg LLP announced that Bryan Gershkowitz joined the firm's Atlanta office as of counsel in the finance, insolvency and restructuring department. He was previously a member of the commercial real estate and workouts practice groups of McCalla Raymer LLC. He represents secured lenders with distressed property workouts and restructurings, foreclosure proceedings (judicial and nonjudicial), structured financings, general commercial and real estate transactions and litigation.
On Sept. 1, Avi Feinberg and Tal Golomb, covering real estate in New York, and Washington litigator Joseph LoBue will become partners of Fried, Frank, Harris, Shriver & Jacobson LLP.
SignatureFD, a privately held financial design and advisory firm, tapped Jim Tally as a partner. Prior to this, Tally was a senior vice president and private client adviser with U.S. Trust, Bank of America Private Wealth Management. He also worked at Merrill Lynch & Co. and SunTrust Banks Inc.
Clippings from the next column:
Barclays plc appointed insider Antony Jenkins as CEO to replace Bob Diamond.