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— Movers and Shakers —
Mariani replaces Axel Miller, who resigned last week as losses from the bank's U.S. investment arm weighed on its stock price. The largest lender to French local governments also made Jean-Luc Dehaene (right), former Belgian prime minister, chairman of the board, replacing Pierre Richard. Miller's and Richard's departures were conditions of the bailout package. Italy's second-biggest bank UniCredit SpA, feeling the squeeze of global market turmoil, will cut 700 jobs from its market and investment banking, or MIB, unit next year. This will be in addition to the 300 cuts in MIB announced in June. The bank will focus on hiring in Central and Eastern Europe. Chairman Alessandro Profumo announced the changes at a conference Wednesday. A representative said the bank will focus on its core components of commercial and corporate banking.
Greenhill & Co. tapped Christopher Cooke as a managing director in its new fund placement group. Cooke was with London hedge fund CQS Management Ltd. as a member of the fundraising and investor relations team. Last year he was a London-based managing director at Lehman Brothers Holdings Inc., where he was responsible for European and Middle East fundraising for buyout funds, fund-of-funds, co-investment and real estate funds. Before Lehman, he was with Goldman, Sachs & Co. for five years and began his career at Royal Bank of Canada. Investcorp, which specializes in alternative investment products, appointed James Tanner as head of placement and relationship management, and a member of the management committee, based in Bahrain. Tanner was a managing director of distribution and alternatives at London investment house Morley Fund Management, now Aviva Investors. Previously, he was a managing director of global markets at HSBC plc in London and, before that, spent 19 years at Morgan Stanley in London, New York and Hong Kong. At Morgan, Tanner had served as CEO of Morgan Stanley Investment Management, Europe, and as head of the international private client group, Asia Pacific. At CapMan plc, Jorma Lehtonen was made a senior partner; Pirjo Ojanperä became head of the real estate hotel fund; Jan Mattlin is now a partner; and Sebastian Schauman was named an investment manager. Buchanan Ingersoll & Rooney PC added Alan Rubin to its federal government relations section as a director. Rubin will divide his time among three cities: Miami, New York and Washington. He spent the last seven years as a government relations consultant for Akerman Senterfitt. Rubin also spent time at the Department of Defense and in 1984 was recruited to Lehman Brothers Inc.'s investment banking division, covering public finance, corporate finance, M&A and private financing. Steptoe & Johnson LLP created a troubled asset task force to advise financial institutions, sellers and purchasers of assets, asset managers and program managers on the recently passed Troubled Asset Relief Program of the U.S. Department of the Treasury. Three of the firm's Washington partners will lead the new practice. Scott Sinder chairs the government affairs and public policy practice. He is general counsel to the Commercial Mortgage Securities Association. John Collins, a member of the firm's corporate, securities and finance practice and its regulatory and industry affairs department, was general counsel to the U.S. Senate Banking Committee, a senior attorney at the Federal Reserve Board in Washington and a staff attorney with the Securities & Exchange Commission. Scott Katzman is head of Steptoe's corporate, securities and finance practice. Holland & Knight LLP formed a financial recovery team, chaired by Miami partner Jose Sirven, who is also chair of the firm's financial services group. The team will consist of lawyers specializing in finance, government, real estate and litigation. In Washington, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC welcomed Quin Dodd to its U.S. Consumer Product Safety Commission practice. He was previously chief of staff for the federal agency. Earlier, Dodd was founder and principal of government affairs firm American Capitol Group. Restructuring firm AlixPartners hired Dan Murphy as a director in its performance improvement practice, based in London. Murphy was a retail director in Ernst & Young's transactional advisory services and, before that, was a partner with specialist retail adviser Itim Consulting. |
Franco-Belgian bank Dexia SA, which received a €6.4 billion ($8.7 billion) bailout, named Pierre Mariani (pictured left) as its CEO and chairman of the management board. He joins from the executive committee of BNP Paribas SA and is a former aide to French President Nicolas Sarkozy. 
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