US Markets Loading…
This story is available exclusively to Insider subscribers.
Become an Insider and start reading now.
- Insider is compiling Wall Street people moves each week.
- Get the latest industry intel here.
- See more stories on Insider’s business page.
Here’s a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
- Wells Fargo lost three key executives this week.
- Wells Fargo‘s private wealth head, Julia Wellborn, is leaving the firm after less than two years in the role, Insider reported this week. Wellborn, who joined in 2019 from Comerica Bank, where she was head of wealth management, took the helm at Wells Fargo’s private bank, formerly known as Abbott Downing.
- Lisa McGeough left the bank, where she headed its international business, to lead HSBC‘s European investment banking division. She succeeds 32-year veteran Phillipe Henry in the role, according to Financial News.
- Gary Owen, formerly chief information security officer at Wells Fargo, is leaving to join iCapital Network in the same role, according to a press release. iCapital is a fintech that offers alternative investments for asset and wealth managers. He will report to Tom Fortin, the company’s chief information officer.
- Marla Moskowitz-Hesse, meanwhile, a managing director at Credit Suisse, has joined Wells Fargo as head of compliance program strategy, planning, and governance, Wells Fargo confirmed. Moskowitz-Hesse will join the bank on April 28 and lead the team overseeing “Compliance program strategy and execution, compliance regulatory deliverables, as well as centralized management of compliance staffing, financials and COO support,” according to a spokesperson.
- Goldman Sachs re-hired and promoted several executives in its consumer banking division in the aftermath of several recent departures, according to an internal memo seen by Reuters.
- Brian King rejoins the bank as consumer chief risk officer and head of business operations. King, who led risk oversight at Goldman’s consumer bank from 2018 to 2020, left for a role as chief risk officer at Wells Fargo‘s consumer and small business banking division.
- Chantal Garcia was named chief operating officer and head of talent strategy in the consumer banking division, and Scott Young was promoted to chief commercial officer from his position as managing director of strategy, M&A, and partnerships at Marcus.
- Abhinav Anand will lead lending and Marcos Rosenberg will lead US deposits and investments. Both will report to Swati Bhatia, a former PayPal exec who Insider reported was hired at Goldman in February.
- Goldman Sachs’ Kim Posnett was promoted to lead the bank’s client services team, One Goldman Sachs, along with co-head Sam Morgan, on April 19. For Posnett, who became the youngest person and first woman to lead the bank’s investment banking services division last year, this is the third promotion in less than two years.
- Credit Suisse announced on April 19 that its co-heads of prime brokerage are stepping down immediately. John Dabbs and Ryan Nelson will stay on at the Swiss bank until mid-May to assist with the transition, the Wall Street Journal reported. The departures come after Credit Suisse’s top risk officer and head of investment banking already left the firm in the aftermath of its $4.7 billion loss from the collapse of Archegos Capital Management.
- JPMorgan nabbed former Lyft engineering exec Eisar Lipkovitz to be the new chief information officer for its corporate investment bank. Lipkovitz was Lyft’s executive vice president of engineering and headed its RideShare business and before that spent 15 years at Google, where he served as vice president of engineering display and video ads as well as vice president of engineering search infrastructure. Lipkovitz will report to David Hudson and Guy Halamish, co-heads of CIB digital and platform services.
- Citi announced some major internal shifts this week.
- Citi is combining its US credit business with debt capital markets with a series of internal moves. Carolyn Kee, head of investment-grade loans, is being promoted to chair of the integrated group. Peter Aherne and John McAuley will co-head Citi’s new North America debt capital markets group, Insider reported. Insider detailed all the associated personnel shifts here.
- Citi also rehired former longtime exec Tasnim Ghiawadwala to lead its commercial bank. Ghiawadwala left Citi in 2018 after more than 20 years to lead Barclay’s UK corporate bank. In her returning role at Citi, she will report to Paco Ybarra, CEO of Citi’s institutional clients group, and her hire will help the bank “refresh” its strategy, Ybarra said in an internal memo viewed by Insider.
- Citi announced Tuesday that it was combining its technology and communications teams and that it tapped Philip Drury to lead the new group, based in San Francisco. Drury was most recently head of banking, capital markets, and advisory (BCMA) in London, a role he’ll keep until Citi approves his successor. Drury also led Citi’s capital markets team in New York.
- Pagaya, a fintech company using AI and machine learning to help lenders assess risk, announced the appointment of two new C-suite execs on Wednesday, according to a press release. Michael Kurlander joins as chief financial officer from Citadel, where he was deputy global treasurer. Tami Rosen, who has experience as an Apple and Goldman Sachs exec, joins Pagaya as chief people officer after a stint as an advisor and consultant to various organizations including Hacking HR.
- Alan Poteshman joined systematic trading firm Vatic Investments as chief investment officer and head of statistical arbitrage, Insider reported. Poteshman was most recently a managing director at Citadel in its Quantitative Securities group, a post he left in late 2019.
- Searchlight Capital hired Amanda Good to support its portfolio companies as a partner and global head of value creation. She previously led the portfolio and operations team as a partner at London-based HgCapital.
- Canadian pension Alberta Investment Management Corporation (AIMCo) appointed Evan Siddall as its new CEO. Siddall, former CEO of Canada Mortgage and Housing Corporation, succeeds 6-year AIMCo veteran Kevin Uebelein, effective July 1, according to a press release.
- J. Christopher Giancarlo, who left his post as chairman of the Commodity Futures Trading Commission (CFTC) in 2019, joined the board of directors at cryptocurrency financial services company BlockFi this week, according to a press release.
- Miriam Roiter, a 25-year veteran of Tudor Investment Corporation, is retiring as chief technology officer of the $8.7 billion hedge fund, Insider reported Monday. Roiter joined Tudor in 1996 from NASA and became its CTO in 2016, the first woman to hold the role at the firm. She was also a member of the firm’s operating committee.
- The U.S. Securities and Exchange Commission (SEC) made two key appointments this week.
- Alex Oh was appointed Director of the Division of Enforcement, the SEC announced Thursday. Oh was co-chair of the anti-corruption and Foreign Corrupt Practices Act (FCPA) practice group that the law firm Paul, Weiss, Rifkind, Wharton & Garrison. Her previous government experience includes a stint as an assistant U.S. attorney in the Southern District of New York’s criminal division, where she was in the securities and commodities fraud task force and major crimes unit.
- Heather Slavkin Corzo joins the SEC as a policy director from the Principles for Responsible Investment, where she was head of US policy.
- Financial services law firm Murphy & McGonigle announced Wednesday that it hired Stephen Gannon to build a banking services practice. Gannon, who joined from Citizens Financial Group, where he was executive vice president, general counsel and chief legal officer, has also been a senior executive at Capital One Financial Corporation and Wachovia Securities. In addition to building the banking services practice, Gannon will also join the firm’s securities regulation and fintech and blockchain practices.
- MUFG announced two new leaders this week:
- Anvar Hodjaev has been named head of healthcare for MUFG Union Bank’s commercial banking division, the bank announced Friday. Hodjaev, who will be based in Los Angeles for his new role, was previously a member of MUFG’s capital markets group focusing on healthcare and middle-market sectors. He will report to Adam Feit, managing director and head of financial sponsors, healthcare, and life sciences.
- George Goncalves was named MUFG’s new head of US macro fixed income strategy after nine years at rival Nomura, Insider reported. He will be based in NYC and will report to John Karabelas, MUFG’s head of institutional investor sales for the Americas.
- Global financial services company Apex Group announced three new executive hires to bolster its digital banking business. Alistair Stuart joins Apex from Investec Bank, where he was COO, and will serve as Apex’s head of digital banking. Ankit Shah joins Apex as head of digital banking business development from QIC Global, a part of Qatar Insurance Group, and Neale Croutear-Foy joins Apex as chief Technology officer in digital banking from First Abu Dhabi Bank.
- MIAX Futures, the subsidiary of Miami International Holdings (MIH), appointed two new executives this week in an expansion of the team. Matt McFarland comes to MIAX as vice president after 13 years at rival US exchange Cboe Global Markets, where he last served as vice president and head of futures. Thomas Jarck, who joined MIAX in 2020, was promoted to vice president of proprietary product development from his prior role as a volatility products specialist.
- Quant giant Two Sigma tapped former WeWork managing director Rich Gomel to head its new real estate arm, which the firm told Insider it was launching this week.
Dakin Campbell, Dan DeFrancesco, Carter Johnson, Meredith Mazzilli, Alex Morrell, Aaron Weinman, and Bradley Saacks contributed to this report.