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— Movers and Shakers —
Robert Steel, who was most recently undersecretary for domestic finance at the U.S. Department of Treasury, is now Wachovia Corp.'s CEO, president and a member of the board. Lanty Smith, who led the search committee and served as interim head of the Charlotte, N.C.-based bank, continues as chairman.
Steel retired as vice chairman of Goldman, Sachs & Co. in February 2004. He joined Goldman in 1976 and served in the Chicago office until his transfer to London in 1986, where he founded the equity capital markets group for Europe. He became a partner in 1988. From February 2004 to September 2006, Steel served as a senior fellow at the center for business and government at the John F. Kennedy school of government at Harvard University.
Evergreen Investments president and CEO Dennis Ferro will retire at year's end. Peter Cieszko, president of global distribution, will assume Ferro's roles at that time. Additionally, David Germany was named chief investment officer and will join the firm on Aug. 5 in Boston. Germany spent more than 21 years with Morgan Stanley Investment Management, most recently as global head and chief investment officer for the fixed income business. Prior to that, he was a senior staff economist for international finance at the Council of Economic Advisers, an economist at the Board of Governors of the Federal Reserve System and an assistant professor of economics at Princeton University. Alternative asset manager GLG Partners Inc. grabbed two bankers from Morgan Stanley. Karim Abdel-Motaal and Bart Turtelboom will join GLG in October as co-heads of the emerging markets, emerging currency and fixed income and emerging equity funds. At Morgan, they were global co-heads of emerging markets sales and trading. GLG recently hired Goldman, Sachs & Co. partner Driss Ben-Brahim to develop a special situations platform that will include the firm's emerging markets special situations business. He will also develop a global macro platform and other funds tailored to sovereign wealth funds. Bear Stearns Cos. veteran John Fargis was hired by Jefferies & Co. as a managing director to head the firm's U.S. media investment banking practice. He is based in New York. Fargis, who spent 14 years at Bear, was most recently a senior managing director in the firm's media investment banking group. HSBC Global Banking and Markets named Hitendra Dave head of global markets, India. Previously, he was co-head of global markets in India with Anand Krishnamurthy, who is now co-head of global markets, Middle East and North Africa. U.K. private equity buy and build specialist Sovereign Capital appointed Taha Hasan as an investment manager and Tom Matthews as an investment executive. Hasan joins from Summit Partners, while Matthews joins from the corporate finance team at Macquarie Bank Ltd., where he focused on healthcare acquisitions. Rampart Investment Management Inc., specializing in option strategies, promoted Roger Gill to assistant vice president and manager of information services, Chris Millett to compliance officer and Meryl Futey to manager of operations and client services. Arnold & Porter LLP said financial services regulatory lawyers Kevin Barnard and Alan Avery joined its financial services group in New York as partners. Barnard will serve as co-head of the financial services practice alongside A. Patrick Doyle. Barnard and Avery arrive from White & Case LLP, where Barnard was head of the global bank advisory practice. DLA Piper will add five lawyers to its German corporate practice on Aug. 1. Partners Andreas Meyer-Landrut and Kerstin Schnabel and three associates join the Cologne office from White & Case LLP in Düsseldorf. In New York, Yvan-Claude Pierre and Leon Medzhibovsky joined as partners in the corporate and finance practice from Fulbright & Jaworski LLP. Foley & Lardner LLP appointed partner John Birmingham chair of the firm's labor and employment practice. Birmingham covers class actions, non-competition and trade secrets matters, employment-related litigation and labor law. Sonnenschein Nath & Rosenthal LLP said four outsourcing attorneys, led by Adam Sak, joined its corporate practice group from Wilson Sonsini Goodrich & Rosati PC, where Sak headed the outsourcing practice. Sak, a partner, resides in Silicon Valley. Moving to Sonnenschein with him are partners Roberto Grande in New York and Mark Petry in Washington; and associate Belinda Luu in San Francisco. Steven Cravath joined Reed Smith LLP's financial industry group as a partner in Washington. Cravath was formerly general counsel for ProFunds Group. Lisa Meyerhoff was named managing partner of Baker & McKenzie LLP's Houston office. She's in the intellectual property practice group. Also, the firm expanded its global transfer pricing and economics practice with Christopher Raybould as a director in Toronto; he's from Deloitte & Touche LLP. |
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