Movers & shakers: Sept. 20, 2012 - Movers & shakers(The Deal Pipeline)
Subscriber Content Preview | Request a free trialSearch  

Movers & shakers

Harvey Schwartz

Claudius Sokenu

Glenn Carlin

Hilary Mason

Saverio Rondelli

Richard Johnson

Jennifer James

Robert Rogers

Movers & shakers: Sept. 20, 2012

by Baz Hiralal

Harvey Schwartz, global co-head of securities at Goldman Sachs Group Inc., will become chief financial officer at the end of January, replacing a retiring David Viniar. Schwartz is deemed a candidate to replace chairman and CEO Lloyd Blankfein, though the chief has not given any indication that he plans to retire.

Viniar joined Goldman in 1980. He became a partner in 1992. He spent 12 years as CFO, the longest term in that role that anyone has served at a major Wall Street bank. He will become a nonindependent director on the board.

Schwartz will also be co-head of the firmwide risk committee. He joined Goldman as a vice president in 1997, became a managing director in 1999 and was named partner in 2002. He serves on the management committee, the firmwide risk committee and was a member of the business standards committee. He is also co-chair of the steering committee on regulatory reform.

JPMorgan Chase & Co. named Rob Sivitilli head of mergers and acquisitions for Asia, ex-Japan. He remains as head of corporate finance and mergers advisory for Southeast Asia.

JPM also hired Lian Lian from as co-head of North Asia M&A alongside Sanjeev Malkani. Lian spent the past six years at Citigroup Inc.

Russia's VTB Capital added Jim Beeland Rogers to its agriculture division, part of the global private equity department, as an adviser. He is chairman of Rogers Holdings and Beeland Interests Inc. Earlier in his career, he co-founded global investment partnership Quantum Fund with George Soros.

Deutsche Börse AG reappointed CEO Reto Francioni. He has held the role since 2005 and will now continue until October 2016. Several months ago, the German exchange was blocked by regulators from acquiring NYSE Euronext for $9 billion.

Hedge fund adviser Pyxis Capital hired Stephen Dedyo as a managing director and head of national accounts for its distribution team. He reports to president Brad Ross. Dedyo joins the Dallas firm from Janus Capital Group, where he was a director, adviser relationship management, covering national broker-dealers. Prior to that, he spent nearly a decade at AllianceBernstein LP, including as a financial adviser associate, regional wholesaler and a director for global business development.

Franklin Resources Inc., which operates as Franklin Templeton Investments, will initially acquire a majority stake in K2 Advisors Holdings LLC, a 115-employee independent fund of hedge funds manager. K2 will use the proceeds to purchase all of the equity currently held by TA Associates and to retire all of its debt.

Beginning in 2016, Franklin Templeton will acquire the remainder of Stamford, Conn.-based K2 over a "multiyear period." The deal is subject to approval and is expected to close in the fourth quarter. K2, with assets under management of about $9.3 billion, was co-founded in 1994 by William Douglass III and David Saunders. The founding managing directors signed long-term employment arrangements in connection with the deal.

Morgan Stanley advised Franklin Templeton, while Bank of America Merrill Lynch and Freeman & Co. advised K2. K2 was reportedly being shopped since June 2011 and was holding discussions with Carlyle Group and other potential buyers at the time.

H.I.G. WhiteHorse launched in Europe. It is the credit arm of H.I.G. Capital, specializing in providing debt capital to profitable middle-market companies. As part of the move, Haseeb Aziz joined the firm from Hutton Collins Partners, where he was a partner. He has worked in leveraged finance at Merrill Lynch & Co., management consulting at Marakon, private debt placements at Deutsche Bank AG and mergers and acquisitions at Morgan Stanley.

Manatt, Phelps & Phillips LLP said Scott Hatch, founder and managing partner of Capitol Management Initiatives and former National Republican Congressional Committee executive director, joined the Washington office as a managing director in Manatt's federal government affairs and public policy practice. He will be joined by government affairs adviser Dana Marston and legislative assistant Hilary Kelly.

Hatch founded CMI in 2001 when approached by Bono, the lead singer of the band U2, to represent his antipoverty foundation, now known as the ONE Campaign.

Gibson, Dunn & Crutcher LLP announced that Tracey Davies joined the firm's Dallas office as a partner. Previously at Vinson & Elkins LLP, she will continue to focus on patent litigation, primarily in the life sciences, pharmaceutical and biotechnology industries.

KPMG LLP brought in Ford Phillips as a managing director in its advisory corporate finance and restructuring practice in Chicago. He was a managing director at Macquarie Capital, and worked at Giuliani Capital Advisors and Ernst & Young Corporate Finance.

Financial services firm Accordion Partners launched an interim chief financial officer platform. The firm said many members of the group have been CFOs of private equity-backed firms. The group will be led by John Brittain, who has been CFO of Digital Cinema Implementation Partners, American Management Systems and Nextel Communications Inc.

Clippings from the next column:

-- Adrian MacKenzie, managing partner of CVC Australia, leaves the private equity firm.
-- Standard Chartered names Steve Perry as head of capital markets for the Middle East, North Africa and Pakistan.
-- Piper Jaffray & Co. takes on Arnold Holle and his team for consumer investment banking.


Harvey Schwartz, global co-head of securities at Goldman Sachs Group Inc., will become chief financial officer at the end of January, replacing a retiring David Viniar.