Two senior investment bankers specializing in government services, aerospace and defense are departing boutique investment bank Houlihan Lokey for competitor Robert W. Baird, three people familiar with the moves said on Wednesday.
Reuters reports that two Washington D.C.-based managing directors, John Song and Jean Stack, as well as a third banker, are leaving Houlihan’s 13-person government services, aerospace and defense practice which advises on mergers and acquisitions and corporate finance, said the sources, who spoke on condition of anonymity because the moves were not yet announced.
In the meantime, the news agency also reports that Goldman Sachs named Laurence Stein chief administrative officer effective January 1 succeeding Jeffrey Schroeder, who is retiring from the bank after nearly 30 years, the last 10 as chief administrative officer.
Stein will assume responsibility for Goldman’s critical infrastructure and processes, including leading business planning as the bank plots its post “Brexit” European footprint.
PJ Bye has been at HSBC for over 21 years and held senior coverage roles in the sovereign, supranational and agency debt capital market business and, most recently, headed its global public sector syndicate.
Finally, Reuters reports that Macquarie Group Ltd on Wednesday named Thomas Price as head of its commodities research.
Price joins Macquarie from Morgan Stanley.