In this video interview with The Deal magazine, Jeffrey Kaplan, the former head of M&A at Bank of America Merrill Lynch who will soon be the COO of Appaloosa Management LP, reflects on the changes in private equity and M&A over the last 20 years, including globalization. Just as Europe has emerged as a major force of M&A over the last 10 years, emerging markets, such as the BRIC countries, will be the big acquirers and consolidators over the next 10 years, predicts Kaplan. - Vipal Monga
Kevyn Orr, formerly emergency manager for the City of Detroit, will return to Jones Day on May 1 as a partner in its business restructuring and reorganization practice. For other updates launch today's Movers & shakers slideshow.