Here's the latest on the 'Movers & Shakers' front.
BANK OF AMERICA
Bank of America Global Wealth and Investment Management (GWIM) has announced that Brian Sepe, head of the Latin American business, will retire in November.
Sonia Dula, currently head of Bank of America Merrill Lynch Corporate and Investment Banking in Latin America, will succeed Sepe and will report to Sallie Krawcheck, president of Bank of America Global Wealth and Investment Management and Andrea Orcel, executive chairman of Global Banking and Markets and president of Emerging Markets ex-Asia.
Sepe's career as a financial advisor began in 1979. He moved into a managerial role at Merrill Lynch's private wealth group in 1992, ultimately running the high-profile U.S. Northeast division in 2008 and then taking on the role of head of Latin America GWIM in 2009.
Dula joined Merrill Lynch in 2006 to head investment banking for the region, subsequently coordinating the integration between Bank of America and Merrill in Latin America. Since 2009 Dula has had the added responsibility of overseeing the build-out of corporate banking in Latin America. As head of GWIM Latin America, Dula will manage all onshore and offshore financial advisors in Latin America. Her successor as head of Latin American Investment Banking, ex-Brazil, will be announced shortly.
Barclays Capital, the investment banking division of Barclays Bank PLC, has announced the appointment of Tom Quarmby as Head of Regional Banks Asia ex-Japan and Jon Windham as Head of Industrials Asia ex-Japan to its equity research team in Asia Pacific.
Quarmby was formerly Head of Banks Research at Macquarie Securities Australia, prior to which he was with Deutsche Bank for 7 years, including 3 years as Head of Asia Banks Research. He has been a bank analyst for 11 years, speaks Mandarin and has lived and worked across Asia.
Windham held the same position as Head of Industrials (Asia ex-Japan) at Macquarie before joining Barclays Capital. Prior to that, he was at Rochdale Investment Management in New York.
These appointments continue the expansion of Barclays Capital's Equity Research business in Asia Pacific and follow the firm's recent hires as research sector heads of Kirk Yang (Technology Hardware); Andrew Lu (Technology Semiconductor); Mark Kellock (Insurance) ; Andrew Lawrence (Regional Property); Vineet Sharma (Consumer Research) and May Yan (China Banks). They will all be based in Hong Kong.
Deutsche Bank has announced the appointment of Ashok Aram, as its Chief Executive Officer for the Middle East and North Africa (MENA), a position held since 2007 by Henry Azzam, who will become the bank´s non-executive Chairman for the MENA region.
In his new role, Aram will have responsibility for development of the bank´s MENA franchise across all businesses, management of client relationships, and the implementation of the region´s growth strategy while safeguarding risk and capital. He will chair the bank´s MENA Executive Committee and will be responsible for the maintenance of corporate governance structure. The appointment takes effect as of today and Aram will report into Jürgen Fitschen, Member of the Management Board of Deutsche Bank.
JEFFERIES & CO
Jefferies Group Inc. has announced Michael J. Sharp has been named Executive Vice President, General Counsel, and Secretary. He will assume these positions for both Jefferies Group, Inc. and its principal operating subsidiary, Jefferies & Company, Inc. effective November 26, 2010. Sharp will replace Lloyd H. Feller, who will retire at the end of the year following eight years of service in the position. He joins Jefferies from WilmerHale, where he had been a partner in the Securities Department since March 2009 and focused on securities litigation and enforcement matters related to that firm's broker-dealer and financial-services practices. Prior to that, Mr. Sharp spent 12 years at Citigroup, where he served as General Counsel for Global Wealth Management, Consumer Banking and Global Cards.
Sharp has been involved in nearly all aspects of the financial-services industry. After earning his MBA from Cornell University, Mr. Sharp traded US Treasury Bonds and related instruments for seven years before getting his JD from the University of Georgia Law School, where he served as Editor-in-Chief of the Law Review. Following a clerkship on the US Court of Appeals for the Eleventh Circuit, Mr. Sharp was a litigation associate at Cravath, Swaine & Moore for five years before joining Citigroup.
Matrix Group has announced the appointment of Peter Bax as Head of Property Asset Management, reporting to the board of the property division, Matrix Property Fund Management LLP.
Bax was previously a Portfolio Manager with Citi Property Investors for nine years. Prior to this, he worked at Citi Private Bank as Vice President of Global Real Estate Investment Origination and at both BZW Investment Banking as a Director of the Property Advisory Group and BZW Property Investment Management as an Investment Director.
Nomura has announced the appointment of Wilianto Ie to the newly-created role of Head of Research, Indonesia as the firm further expands its already strong research capabilities in Southeast Asia. Mr. Ie will be responsible for building Nomura's Indonesia-based research team and for providing overall Indonesia market strategy, reporting to Jitsoon Lim, Head of Equity Research, Southeast Asia.
Nomura's new Indonesia research team will be supported by regional analysts based out of Singapore and Hong Kong, who already provide the firm's clients with coverage of Indonesia's macro-economy, as well as four Indonesian sectors; banking, plantations, telcos and utilities.
Ie has over 15 years of experience in Indonesian equity research. He joins Nomura from CLSA Indonesia where he was a senior analyst covering the plantation sector in ASEAN and the Automotive sector, prior to which he was Head of Research at Kim Eng Securities Indonesia. He was also previously a senior analyst at Indosuez WI Carr Securities Indonesia and Standard Chartered Securities Indonesia, respectively.
The firm continues to strengthen its Investment Banking team in the US with the appointment of Douglas Decker as Managing Director and Head of Convertible Bond Origination to execute Nomura's client focused, solutions driven strategy.
Decker joins Nomura from Wells Fargo where he worked as Head of Equity-Linked Origination in New York since 2007. Prior to Wells Fargo, Decker worked at Barclays Capital in London for six years where he notably built a market leading franchise as their Head of Convertible Origination for Europe and Asia. He will be responsible for all aspects of marketing and executing Equity-Linked solutions for Nomura's clients, and will work closely with William Brett, Managing Director in the Corporate Equity Derivatives group.
Nomura has also appointed Gregg Fatzinger as Managing Director and Head of Consumer Retail for the Americas. Nomura is committed to strategically broadening its Americas Investment Banking client coverage footprint under the leadership of Glenn H. Schiffman to harness the power and depth of its international resources to execute Nomura's client focused, solutions driven strategy.
Fatzinger joins from Credit Suisse where he was a founding member of the Consumer Products Group. Appointed Managing Director in 2008, he had coverage and execution management responsibility for U.S. packaged food, beverage, tobacco and agribusiness companies. Prior to Credit Suisse, Mr. Fatzinger worked for Prudential in the Consumer Group.
In addition, Ian Doyle, an Executive Director and specialist in the Consumer sector will be transferring to New York from Nomura's London office. Doyle worked for Lehman Brothers European business which was acquired by Nomura in 2008.
PERELLA WEINBERG PARTNERS
Perella Weinberg Partners has announced that it has opened its latest office in Abu Dhabi, United Arab Emirates. The announcement accompanies the recent addition of Jameel Akhrass and Nabil F. Lahham as Partners of the Firm. Akhrass and Lahham will focus on further growing the Firm's strategic advisory and asset management businesses across the Middle East region. They join Perella Weinberg Partners from Nomura International pic, and have extensive advisory and investment management expertise in the Middle East. With 23 years of regional experience, Akhrass most recently served as Nomura's Vice Chairman of the Middle East & North Africa (MENA) region, and was also Head of MENA Investment Banking. Prior to joining Perella Weinberg Partners, Lahham was a Managing Director in Nomura's MENA Investment Banking group, where he was responsible for executing a wide range of in-region and crossborder transactions in multiple sectors. Mr. Akhrass and Mr. Lahham will work closely with New York-based Partners Tarek Abdel-Meguid and Amr M. Nosseir.
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