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— Movers and Shakers —

Movers & shakers: Aug. 22, 2008

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EXECUTIVE SUMMARY
  • RBS hired four and moved two bankers to rebuild its Asian M&A team
  • David Flannery will join Bank of America as global head of leveraged finance
  • BofA also made six additions for its foreign exchange platform
  • KeyBanc Capital Markets hired MD Christopher Porter for its financial sponsors group
082208_TammyWan.pngRoyal Bank of Scotland Group plc tapped six bankers to rebuild its mergers and acquisitions team in Asia.

Richard Griffiths, Ivan Li and Tammy Wan (pictured) join ABN Amro's M&A team as corporate executive directors and Michael Niederberger joins the corporate finance group as corporate director. In addition, Peter Schulz, previously with the ABN Amro TMT sector coverage team in London, relocated to Hong Kong to join the Asia M&A team as an executive director, while Francois Cohas, previously with ABN Amro Merchant Bank, also joins as an executive director. All are based in Hong Kong and will be part of RBS' new corporate sectors and advisory group, of which M&A is a key component.

Griffiths rejoins ABN Amro after a year at Houlihan Lokey Howard & Zukin Inc. Li joins from Lazard in Hong Kong. From 2000 to 2006, Li worked at Merrill Lynch & Co. in Hong Kong in the investment banking group as part of the energy and power sector. Wan worked at Standard Chartered Bank and was a director of international M&A at HSBC plc. Niederberger has worked at J.P. Morgan Chase & Co. and Goldman, Sachs & Co.

In May, Barclays Capital raided ABN Amro, taking Jitesh Gadhia, Marc Holtzman, Simon Hargreaves, Jason Rynbeck and Frank Hancock as managing directors for its investment banking division.

For ABN, the team built a corporate advisory business focused on high growth markets in Asia, Central and Eastern Europe, and the Middle East. At BarCap: Gadhia is head of advisory; Holtzman is a vice chairman in investment banking; Hargreaves is head of advisory for EMEA; Rynbeck is head of advisory for Asia Pacific; and Hancock is head of advisory for India.

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In November, David Flannery will join Bank of America Corp. in New York as global head of leveraged finance, reporting to Bruce Thompson, head of global capital markets. Earlier this year, Deutsche Bank AG made Flannery its global head of leveraged debt capital markets, responsible for all its leveraged finance, high yield, loan capital markets and loan trading and sales businesses. He joined Deutsche in 1992.

Separately, BofA made six hires for its foreign exchange platform. They are: Glenn Edelson, managing director and head of emerging markets sales; Peter Hart, principal, FX sales; Joel Holmes, principal and senior FX trader; Vanessa Holtz-Clouard, principal and head of London options trading; Daniel Sigler, principal and senior emerging markets trader; and Simon Williams, principal in real money sales.

Edelson was global head of emerging markets sales with Bear, Stearns & Co. and previously managed Goldman, Sachs & Co.'s New York emerging markets team. London-based Hart had a 24-year career with ABN Amro Bank NV.

Holmes has worked at DB, Merrill Lynch & Co., Citigroup Inc. and, most recently, spent four years as chief FX dealer at Lehman Brothers Inc. Holtz-Clouard joined from ABN Amro. New York-based Sigler and Williams worked at Bear Stearns, where Sigler was head of local markets FX trading.


KeyBanc Capital Markets Inc., the corporate and investment banking arm of Cleveland's KeyCorp, brought in Christopher Porter as a managing director in its financial sponsors group, based in New York. Porter will lead Key's East Coast sponsor coverage efforts.

Porter served as a managing director in the mergers and acquisitions group at Jefferies & Co. and previously served in the M&A groups at Banc of America Securities LLC and Bear, Stearns & Co.


Investment management firm Pimco drafted Brigitte Posch as executive vice president and portfolio manager in its emerging markets group, effective Aug. 25. Posch arrives from Deutsche Bank AG in New York, where she was a managing director and head of Latin American securitization and trading.

Posch will be based in Newport Beach, Calif., and report to Curtis Mewbourne and Michael Gomez, co-heads of the emerging markets group. She will focus on emerging markets investments in private sector credits, such as mortgage-backed and asset-backed securities.


Amherst Securities Group LP, a broker-dealer specializing in residential mortgage-backed securities, hired Laurie Zeller as senior managing director of trading. Zeller spent four years as a managing director for agency collateralized mortgage obligations at Bear, Stearns & Co. Before that, she worked at the Federal National Mortgage Association, or Fannie Mae, for 12 years as director of portfolio management.


Orrick, Herrington & Sutcliffe LLP announced that Thomas Glascock, Leslie Sherman, David Spielberg and Mark Weitzel joined the firm as partners in its energy and project finance group in San Francisco. All were partners with Thelen Reid Brown Raysman & Steiner LLP.


Cadwalader, Wickersham & Taft LLP formed a covered bonds practice group. On the team are partners Conor Downey, Jordan Schwartz, Michael Gambro, Anna Glick, Stuart Goldstein, Lisa Pauquette, Patrick Quinn, Charles Roberts, Jeffrey Rotblat and Robert Ughetta. Tax partners Charles Adelman and Gray Silverstein will assist with the efforts.


Darryl Snider joined the Los Angeles office of Sheppard Mullin Richter & Hampton LLP as a partner in the antitrust practice group. Snider practiced in the L.A. office of Heller Ehrman LLP. He focuses on complex litigation, particularly in antitrust, securities class actions, accountants' liability, M&A and bank litigation.


Fried, Frank, Harris, Shriver & Jacobson LLP elected partners, effective Sept. 1: Corporate attorneys Andrew Barkan, Murray Goldfarb, Bradford Lucas; Michael Barker, real estate; and Jennifer Lauren Rodburg, bankruptcy and restructuring. Lucas is based in Washington, while the others reside in New York.





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