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Movers & shakers: Nov. 5, 2009

Posted on November 5, 2009 12:00 AM

MarkKaryMovers.pngHedge fund firm Polar Capital said chief executive Mark Kary (pictured) will leave at year's end to pursue other opportunities. Co-founder Tim Woolley immediately takes over the CEO role. Before co-founding Polar, Woolley joined Henderson Global Investors' technology team in 1996 and launched the Henderson Horizon Fund, which focused on small and midcap companies.


Bank of America Merrill Lynch hired Randall Lynch as a managing director in Americas industrials investment banking. He reports to John Pratt, managing director and head of global diversified industries corporate and investment banking.

Lynch comes in from American International Group Inc., where he spent the past year leading the restructuring and divestiture process of several of the firm's business units. Before that, he spent 10 years at Morgan Stanley as a managing director providing advisory services to and leading financing for corporations in the aerospace and defense sectors. Earlier, Lynch was an associate in the mergers and acquisitions group of Lehman Brothers Inc.

Separately, Chong Lee Tan will join BofA Merrill early next year as head of corporate and investment banking for Southeast Asia. Tan was with Goldman, Sachs & Co.


Check The Deal Pipeline for updates on these Movers & shakers:

-- RBC Capital Markets hired Mike Bass as a managing director and head of fixed income and currencies in Asia, excluding Japan.

-- Guggenheim Capital Markets LLC made three additions to its fixed income rates trading group.

--
NewOak Capital named Jay Lown as a managing director and senior member of the financial institutions group.

Look for these and more in the full column (subscription required).



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