by Baz Hiralal
In July, Deutsche Bank AG's Tom Ernst will join Goldman, Sachs & Co. as a managing director and co-head of software investment banking alongside Ward Waltemath. Seasoned in trending sectors, including cloud and software-as-a-service, Ernst will work from San Francisco and expand his coverage of security companies more broadly into infrastructure software. He was director of equity research at DB, which he joined in April 2004, and where he led a team of seven analysts. Among 30 or so stocks Ernst covered were Microsoft Corp., Oracle Corp., Salesforce.com Inc., Adobe Systems Inc. and Intuit Inc.
Appropriately, on his LinkedIn page, Ernst wrote, "After fourteen years as an equity research analyst covering the software industry, the time has come to change careers and firms." Earlier, he was a principal at Thomas Weisel Partners LLC, where he spent four years. Prior to stints at Dain Rauscher Wessels and Case Corp., according to his page, Ernst was a Navy man from June 1988 to April 1997, rising to lieutenant, submarine officer.
Blackstone Group LP hired Jim Albaugh as a senior adviser, focusing on private equity activities in aerospace and defense. Albaugh was most recently president and CEO of Boeing Commercial Airplanes at Boeing Co. Earlier, he was president and CEO of Boeing defense, space and security; senior vice president of Boeing and president of the space and communications group; president, space transportation; and president of Rocketdyne Propulsion and Power. He has also served as a director of TRW Automotive Holdings Corp. since 2006.
Early-stage venture capital firm Draper Fisher Jurvetson tapped Facebook Inc.'s Bubba Murarka as a general partner and managing director, focusing on consumer Internet and mobile companies. He was most recently head of product for Facebook for Android, where he started the Facebook Home project. Since joining the social network in 2008, he worked in business development, negotiating deals with partners including Microsoft Corp., Netflix Inc. and Yahoo! Inc. Prior to Facebook, Murarka spent seven years in technical and product roles at Microsoft.
Scott Wagner joined domain name provider GoDaddy.com Inc. as chief operating and financial officer. Wagner was a KKR Capstone member and the leader of Kohlberg Kravis Roberts & Co. LP's portfolio operations team in North America. Wagner began working with GoDaddy a short time after KKR, Silver Lake and Technology Crossover Ventures spent $2.25 billion for the company in 2011. He became its interim CEO a year later. Former Yahoo! Inc. chief product officer Blake Irving was named CEO in January. At the same time, former Morgan Stanley banker David Popowitz arrived as GoDaddy's first senior vice president of corporate development.
Wagner worked with KKR for 13 years.
Alston & Bird LLP took on five capital markets partners from Dentons.
Richard Simonds represents of issuers and underwriters in mortgage- and asset-backed securitizations. Scott Samlin works with Steve Ornstein in counseling national mortgage companies, mortgage insurers and other financial institutions regarding compliance issues. Matt Lyons works with A. James Cotins in representing the main participants in commercial mortgage-backed securities, commercial real estate collateralized loan obligations and other commercial real estate-related financing transactions.
Ornstein works in Washington, while the rest are in New York.
Dreizen joins the firm from White & Case LLP, where she was previously the resident partner in Moscow and spent a year in its Hong Kong office.
Clippings from the next column:
-- SEC bars Harbinger Capital Partners LLC's Philip Falcone from banking for two years, though he can hold board appointments.
-- Peter J. Solomon Co. added Bradford W. Weinberg and Mark A. Boidman to its mergers and acquisitions group.
-- Royal Bank of Scotland Group plc names Bruce Van Saun CEO of RBS Citizens Financial Group Inc.
-- Ares Management LLC acquires AREA Property Partners LP.
-- KeyCorp's CFO of 11 years, Jeffrey B. Weeden, plans to retire.
Alison Dreizen, having covered the financial services, manufacturing, mining and shipping sectors, joined Hunton & Williams LLP's New York office as a partner.