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by Baz Hiralal
Rob Stewart joined BMO Capital Markets Corp.'s U.S. mergers and acquisitions group as a managing director, focusing on the industrial sector. Based in New York, he reports to Scott Humphrey, head of U.S. M&A and U.S. industrial investment banking.
Stewart spent two years as head of the U.S. aerospace and defense sector at Jefferies & Co. and previously worked at Credit Suisse Group for more than a decade in its U.S. and European investment banking businesses, most recently as head of Europe, Middle East and Africa aerospace and defense investment banking. He also focused on industrial M&A as a director at Wachovia Securities and was a strategy and planning analyst at a private consultancy affiliated with the Pentagon.
Citigroup Inc. named Jane Fraser as CEO of CitiMortgage, replacing Sanjiv Das, who will leave to explore other opportunities after holding the role since the height of the financial crisis. Mark Mason, CEO of noncore asset division Citi Holdings, will replace Fraser as CEO of the private bank, a role Fraser held since 2009.
Fraser was a partner at McKinsey & Co. before joining Citigroup in 2004 as head of client strategy and management, global banking. Later, she was Citi's global head of strategy and mergers and acquisitions. Mason joined the firm in 2001 as vice president of corporate development. He then became head of strategy and M&A of global wealth management and then chief financial officer of global wealth management. He was CEO of Citi Holdings since January 2012.
Francesco Vanni d'Archirafi, formerly head of Citi Transaction Services, will be CEO of Citi Holdings. Citi Transaction Services was integrated with the institutional clients group.
D'Archirafi has been with Citi since 1983, when he joined as a management associate in New York before moving to the corporate bank in 1984 as a relationship manager in Lima, Peru, where he later became treasury marketing manager. He moved to London in 1987 to launch Citibank's Southern Europe structured finance business and, in 1993, was appointed corporate finance head for Italy. He returned to London three years after as the global co-head of M&A. He held several more senior roles before joining Citi Transaction Services in 2003 as regional head of Europe, the Middle East and Africa. He was head of since CTS April 2009.
Focusing on mergers and acquisitions, Allen Morton joined FBR & Co. as a managing director in the energy investment banking group in Houston. Morton spent 13 years with RBC Capital Markets LLC, most recently as co-head of M&A. He held similar positions at PaineWebber, Prudential Securities Inc. and Wheat First Securities Inc.
Interdealer broker Tullett Prebon added Peter Rosen to Tullett Prebon Energy as a weather derivatives broker, reporting to Christopher Grosso, director of energy products. Rosen was a weather broker at ICAP plc. Before that, he started his brokerage career at United Energy Partners LLC.
Canadian commercial real estate services firm Avison Young hired Daniel Carlo as a principal of and managing director of the firm's Miami office. Carlo was most recently a principal with Miami-based Cullum Capital Group and was previously a senior managing director with Holliday Fenoglio Fowler.
To "expand its global footprint," Chapel Hill, N.C.-based Morgan Creek Capital Management agreed to acquire the alternative funds business of London institutional fixed-income investment firm Signet Capital Management Ltd. The business has about $700 million in assets under management.
Signet was founded in 1993 by Robert Marquardt, who is also co-head of investment management alongside Serge Umansky. They will join Morgan Creek and continue their roles serving clients of Signet's funds. Signet's offices in London, and Lausanne, Switzerland, will become part of Morgan Creek's global network.
Financial terms were not disclosed. The transaction is expected to close in the second quarter and is subject to regulatory approvals and other closing conditions.
Duane Morris LLP announced that Bruce Czachor joined its corporate practice as a partner in the New York office. He covers domestic and international capital markets, including debt and equity offerings, as well as mergers and acquisitions. Czachor was a partner at Orrick, Herrington & Sutcliffe LLP since August 2011 and spent more than 23 years at Shearman & Sterling LLP, working in its New York, Silicon Valley and Toronto offices. He joined Shearman in 1988, made partner in 1997 and was managing partner of its Silicon Valley office for more than five years.
Canadian commercial real estate services firm Avison Young hired Daniel Carlo as a principal of and managing director of the firm's Miami office.
