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— Movers and Shakers —
Moynihan joined Bank of America in 2004 as president of the global wealth and investment management unit, following BofA's FleetBoston Financial purchase. Separately, citing both economic reasons and its Merrill acquisition, BofA said it would cut about 30,000 to 35,000 jobs over the next three years. A final number will not be determined until early 2009.
Former Lehman Brothers Holdings Inc. senior vice president Chad Fulgham joined the FBI as its chief information officer. Fulgham replaces Zal Azmi, who left the FBI in October to enter private industry. Fulgham worked in the information technology division at Lehman. Previously, he worked at IBM Corp., J.P. Morgan Chase & Co. and Arthur Andersen. New York investment advisory firm Vision Capital Advisors LLC tapped Andrew Lutz as a managing director to head all fixed income initiatives. Lutz arrives after nearly 17 years at Susquehanna International Group, a privately-held securities trading and investment firm. From 2004, he headed Susquehanna's fixed income and structured products businesses. Blue Wolf Capital Management LLC, a New York private equity firm, hired Michael Ranson as a partner and promoted Haran Narulla to vice president. Prior to joining Blue Wolf, Ranson was a portfolio manager with GoldenTree Asset Management, where he sourced and executed debt and equity investments in private companies. He has been a senior adviser to Blue Wolf since March. Before joining Blue Wolf in 2006, Narulla was a senior associate at Sun Capital Partners Inc. Duff & Phelps Corp. added two managing directors and a team of 10 professionals to its Morristown, N.J., office. Patrick Walsh, A.J. Borresen and their team join the transaction tax advisory services practice. OppenheimerFunds Inc. took on Geoffrey Craddock as a senior vice president and director of risk management and asset allocation. Craddock was senior vice president and head of market risk management for Canadian Imperial Bank of Commerce, where he oversaw market risk management globally for the bank's investment banking, trading and retail activities. Privately held merchant bank Tri-Artisan Partners LLC appointed Suzanne Murphy as managing director, fund services. Murphy arrives from Delphi Capital Management, where she was responsible for building a $1 billion hedge fund in the equity market neutral space. Before Delphi, Murphy was a managing director in charge of alternative investments for C.E. Unterberg, Towbin LLC. Earlier, she worked at Drexel Burnham Lambert and Morgan Stanley. Monarch Alternative Capital LP of New York promoted Thomas Vigliotta to managing principal. Vigliotta joined Monarch in 2002. He was a research analyst for the Lazard debt recovery funds. Martin Staks joined Huron Consulting Group as a managing director in the legal consulting practice. He comes to Huron from Protiviti Inc., where he led the information technology infrastructure and business applications groups, and also worked in e-discovery solutions. Foley & Lardner LLP formed a privacy litigation task force. Members include co-chairs Andy Serwin, founding chair of the privacy, security and information management practice; Eileen Ridley, vice-chair-elect of the litigation department and litigation specialties practice; and Michael Tuteur, chairman-elect of the litigation department and a member of the securities enforcement and white collar defense practice. Separately, Richard Wallace joined Foley as a partner in Washington, working with the securities enforcement and litigation and securities, commodities and exchange regulation practices. Most recently, Wallace was vice president and chief counsel in the Financial Industry Regulatory Authority's market regulation department. Before Finra, Wallace was branch chief and an attorney with the Securities and Exchange Commission's division of enforcement. Three energy partners joined King & Spalding LLP in Washington: Neil Levy, David Tewksbury and Bruce Richardson. Levy will serve as co-chair of the global energy practice alongside Philip Weems. They arrive from Kirkland & Ellis LLP, where Levy was also co-chair of the energy practice. DLA Piper hired Sharie Brown for its litigation practice as a partner in Washington. Brown joins from Foley & Lardner LLP, where she was chair of the white collar defense and corporate compliance practice. She was also a member of the transactional and securities and international practices, as well as the automotive industry team. Before Foley, Brown was senior counsel at Mobil Oil Corp. and an assistant U.S. attorney in the Eastern District of Pennsylvania, where she handled tax, bank fraud and securities fraud cases. |
Bank of America Corp. said Brian Moynihan, president of global corporate and investment banking, was named general counsel. He succeeds Timothy Mayopoulos, who is leaving BofA. Moynihan (pictured) will remain CEO of Banc of America Securities LLC through the transition related to the Merrill Lynch & Co. acquisition. Other executives will cover Moynihan's remaining responsibilities, though the bank didn't elaborate.
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