John Studzinski, an international dealmaker who became a fixture at Davos, a human-rights advocate and an adviser to the Vatican, is leaving Blackstone Group LP.
Bloomberg News reports that, in an interview, Studzinski, 62, said he’s ready for “some new challenges” after 12 years at the New York-based firm, including the past three as vice chairman of investor relations and business development. His departure, at the end of the month, was announced to employees Thursday in a memo from CEO Stephen Schwarzman.
In the meantime, Reuters reports that Morgan Stanley’s Southeast Asia M&A head has left the U.S. investment bank after a 15-year stint to join San Francisco-based boutique firm DBO Partners as a partner.
Singapore-based Gordon Parker, an executive director at Morgan Stanley, told Reuters on Friday that his move was a personal decision and Monday was his last working day.
And William Chalmers, a veteran Morgan Stanley banker, is among the candidates to replace Ewen Stevenson at RBS, Sky News has learned.
Sky News has learnt that William Chalmers, who jointly leads Morgan Stanley's global financial institutions group, is among a number of external candidates identified as a potential replacement for Ewen Stevenson.
A longlist of names is understood to have been drawn up by headhunters acting for RBS, and the appointment of a new chief financial officer is unlikely until the autumn.
Finally, Bloomberg News reports that Wells Fargo is shaking up its wholesale division, including some of its investment banking operations, promoting John Adams to serve as the unit’s chief operating and strategy officer.
The bank announced the changes Thursday, shifting executives and merging some teams, just days after telling staff the division’s chief operating officer, Richard Yorke, is leaving. Measures include the creation of a new group called commercial banking that combines business banking, government and institutional banking, and middle market banking under Kyle Hranicky.