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— Movers and Shakers —

Movers & shakers: April 17, 2009

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EXECUTIVE SUMMARY
  • Peter Taylor recently became EVP and CFO of the University of California system
  • Nomura Holdings Inc. will cut 50 investment banking jobs in Asia — excluding Japan
  • Bank of America Merrill Lynch made three hires in Japan

PeterJTaylor1Movers.pngPeter Taylor recently became executive vice president and chief financial officer of the University of California system, a new position. Taylor (pictured) was with Barclays Capital as a managing director of public finance, responsible for all West Coast infrastructure financing operations. Taylor arrived at Barclays last year after it acquired the North American investment banking and capital markets business of Lehman Brothers Holdings Inc. He joined Lehman in 1993.

Other big name bankers have made the move back to school as well.

In March, John Chrin, a managing director and co-head of financial institutions group, mergers and acquisitions, at J.P. Morgan Chase & Co., said he will join Lehigh University as its global financial services executive-in-residence in August. Chrin, class of '85, will also be a fellow of the financial services laboratory in Lehigh's college of business and economics. Chrin, who had a busy 2008 working as banks merged, was lead adviser on J.P. Morgan's acquisition of Bear Stearns Cos. He spent 16 years with J.P. Morgan.

Similarly in January, former U.S. Treasury Secretary Henry M. Paulson Jr. joined the Paul H. Nitze School of Advanced International Studies of Johns Hopkins University as a distinguished visiting scholar. From 1999 until he became Treasury Secretary, Paulson was chairman and CEO of Goldman, Sachs & Co., where he spent 32 years. Gregory Fleming, former president and chief operating officer of Merrill Lynch & Co., was appointed as a senior research scholar and distinguished visiting fellow of the Center for the Study of Corporate Law, both at Yale Law School.

Last summer, Goldman Sachs' head of investment management, Edward Forst, left to become executive vice president of Harvard University, from which he graduated in 1982.

And Frank Yeary left as global head of Citigroup Inc.'s mergers and acquisitions practice to become vice chancellor for the University of California, Berkeley, from which he graduated in 1985.


Reports citing company officials said Nomura Holdings Inc. will cut 50 investment banking jobs in Asia -- excluding Japan -- as integration costs mount from its acquisitions of certain Lehman Brothers Holdings Inc. assets in Asia.


Check The Deal Pipeline for updates on these Movers & shakers:
  • Bank of America Merrill Lynch, suffering an exodus of bankers, made three hires in Japan.
  • Knight Libertas LLC hired Merrill's John Price as head of U.S. dollar bank capital securities.
  • SMH Capital Markets hired BofA's Douglas Becker as a senior oil services and equipment analyst. 
See these and more!

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