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— Movers and Shakers —
Former Merrill Lynch & Co. executive Greg Margolies joined Ares Management LLC as a senior partner and head of its capital markets group. At Merrill, he was a managing director, head of global leveraged finance and capital commitments and a member of the executive committee of the investment banking group. Prior to joining Merrill Lynch in 2003, he worked at Deutsche Bank AG's DB Capital unit and Carlyle Group. Margolies began his career in finance in 1989 at Citibank NA. America's Growth Capital hired Mark Watt as a partner in its Menlo Park, Calif., investment banking group. He was a managing director at TriplePoint Capital, a global specialty finance company, where he focused on later stage venture investing. Previously, Watt was a director in the technology investment banking group at Merrill Lynch & Co., where he was a member of its global Internet and digital media practice. Before that, Watt was a member of Merrill's European financial sponsors banking group, based in London. Business development firm and public reverse merger investor Infinity Capital Group Inc. hired Joseph Chiappetta. He arrives as vice president of corporate development and a managing director, responsible for strategic planning and business development. Chiappetta co-founded and was managing partner of advisory firm Blue Hill Capital Partners LLC. Before that, he was a financial adviser with UBS Financial Services Inc. and was a founding member of Bear Ventures LLC, a New York private equity investment fund, where he was chief operating officer. Bill Neuenfeldt was named managing partner of Bain & Co.'s New York office. He joined the firm in 1997 and advised in the technology, media, telecommunications and private equity industries. Neuenfeldt succeeds James Root, who is returning to Bain's Greater China offices. Life sciences-focused Clarus Ventures LLC tapped Edward Scolnick as a venture partner and Finny Kuruvilla as a principal in Cambridge, Mass. Scolnick is director of the Stanley Center for Psychiatric Research at the Broad Institute of MIT and Harvard, where Kuruvilla previously worked. Before Broad, Scolnick spent 17 years at Merck Research Laboratories, where he was president. Clifford Chance LLP announced that William Blumenthal is joining the firm as a partner in the mergers and acquisitions and litigation and dispute resolution practices, where he will be chairman of the U.S. antitrust group. Blumenthal was general counsel at the Federal Trade Commission. Sills Cummis & Gross PC expanded its New York office with the addition of lawyers of Silverberg Stonehill Goldsmith & Haber PC. Senior members include Michael Goldsmith and Harvey Haber. Joining with them are Jay Silverberg, corporate member; litigation members Kenneth Schacter and David Segal; of counsel Robert Stonehill, trusts and estates; corporate associates Marc Leve and Joseph Walsh; and Lori Sapir, an associate litigator. Ulmer & Berne LLP re-elected Kip Reader as managing partner for the next three years. Reader has been managing partner since 1995. Also, Richard Hardy was elected to the five-member management committee for a three-year term. Hardy is chair of the firm's corporate restructuring and creditors' rights group. Bingham McCutchen LLP elected 15 lawyers to its January partnership class: complex litigators Zac Alinder and J.R. Scherr; Matt Applebaum, securities; securities litigator Michael Blanchard; financial institutions litigator Josh Dorchak; Todd Hentges, private equity; Tom Klanderman, real estate; Mike McDonough, environmental; Christina Melendi and Adrian Shulman, corporate, mergers and acquisitions and securities; Goutam Patnaik, intellectual property and patent litigation; Paul Raymond and Stephen Tirrell, investment management; Lisa Valentovish, financial restructuring; and Mia Tindle, land use and development. Check out the latest from Movers & shakers |
Following Robert McCann's surprising 
Earlier, Sontag headed Merrill's wealth management and private banking businesses in the U.S., the Latin American business for retail investors, and Americas recruiting. McCann (pictured left) joined Merrill in 1982, left in 2003 and returned shortly thereafter to head the brokerage business. He was vice chairman and president of the global wealth management division at Merrill before the BofA deal.
McCann was once seen as a possible successor to ousted Merrill CEO Stanley O'Neal, but former Goldman, Sachs & Co. banker and NYSE Euronext chief executive John Thain (lower right) got the top spot in 2007. Thain is now president of global banking, securities and wealth management at BofA-Merrill.
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