Andrew Van Der Vord, vice chairman and co-head of consumer retail investment banking at RBC Capital Markets, has left the bank to rejoin Credit Suisse, according to Reuters sources.
The news agency reports that Van Der Vord will return to Credit Suisse, where he was global vice chairman of consumer retail investment banking from August 2009 to August 2016, on November 27, following gardening leave.
In the meantime, Bloomberg News reports that Goldman Sachs named Stephanie Cohen to succeed Stephen Scherr as chief strategy officer as the firm embarks on a three-year growth plan.
Cohen, who has run mergers-and-acquisitions banking for financial sponsors since 2015, will join the executive office, according to a memo to staff Monday. Scherr, 53, who’s held the strategy role since 2014, will focus his time on building the firm’s fledgling consumer banking unit.
Finally, Bloomberg reports that Richard "Dick" Fuld, who led Lehman Brothers as it collapsed, said his asset management firm is rebranding and expanding into private equity offerings and a hedge-fund strategy.
Matrix Private Capital Group, which was known as Matrix Wealth Partners, is opening offices in Los Angeles and Palm Beach, Florida, the firm said Monday.