Mover's & Shakers - 2nd August

Here's the latest on the 'Movers & Shakers' front.


Baml of America has announced that Lisa Shalett will join the firm as Chief Investment Officer of Merrill Lynch Global Wealth Management and head of Management and Guidance. Baesd in New Jersey, Ms Shalett will report to Hunal Kamlani, head of Global Investment Solutions.

She joins from AllianceBernstein, where she as partner and head of Global Growth Equities.


Collins Stewart has announced the strengthening of its Securities and Corporate Broking divisions with the formation of a mining team incorporating equity research, sales and corporate broking.

The new team is headed by John McGloin and also comprises Tim Dudley and Andrei Kroupnik in equity research, John Prior in corporate broking and Matt Hasson in specialist sales. The team will build Collins Stewart's mining franchise by providing corporate broking advice to UK and international mining companies and equity research to institutions.

McGloin has over 20 years' experience in the mining industry, working as an exploration geologist and directly in production before becoming an industry consultant conducting resource evaluation. Having worked as an analyst for 8 years with brokers including Beeson Gregory and Evolution Securities, his team was ranked number 3 in the Extel ratings and was broker to the two largest Gold companies listed in London at the time.

As a former mining engineer, Dudley started his career in the base metal and coal mining industry in 1998, gaining a range of operational, technical and project development experience. Tim entered equity research in 2006 following 7 years at Anglo American's coal division in Australia.

Kroupnik, a fluent Russian speaker, brings significant equity research and industry experience to the team. He started his career in the gold and base metal mining industry in 2000, before joining RBC Capital Markets as a research associate then moving to Renaissance Capital in 2008 as a mining analyst based in Moscow. Subsequently Kroupnik headed up the Mergers and Acquisitions department of Polymetal, a $5bn dual listed Russian miner.

Prior has 10 years of investment banking experience focused on the Mining sector, most recently with Arbuthnot Securities where he was responsible for looking after the firm's 11 corporate mining clients ranging in size from the FTSE 100 to the AIM market.

Hasson has been a salesman with a focus on the resources sector since 2002. He started his career with Hoodless Brennan, which he followed with time at Hitchens Harrison and Arbuthnot Securities.


Deutsche Bank Securities has announced that Greg Sommer will join the firm's Mergers & Acquisitions group as a Managing Director and Head of Energy M&A for the Americas. He will be based in New York and will report to Bruce Evans, Head of M&A for the Americas.

Sommer will join Deutsche Bank after 13 years at Citigroup, where he was most recently a Managing Director and Head of Energy M&A responsible for advising clients on a broad range of M&A and capital markets transactions across the energy sector.


Daiwa Capital Markets has appointed Chris Brown as its Deputy Head of Fixed Income for Europe & the Middle East, a newly created role. In addition, the firm announced the appointment of Vince Purton as Head of Debt Capital Markets (DCM) for the region. The appointments are an integral part of Daiwa's strategy to strengthen management within these markets and follow on from the appointment of new Heads of Fixed Income for Korea and India last week.

Brown takes up the London-based role following close to 10 years with Daiwa, most recently in Singapore as Managing Director, where he successfully oversaw the growth of its Asian fixed income franchise across product lines. Prior to joining Daiwa, Brown worked at Sakura Finance as Head of Sales and his experience includes senior positions at Paine Webber and NatWest Capital Markets. As part of his role Brown will also manage the firm's syndicate desk, following the departure of previous desk head Stephen Apted. Brown reports to Keith Meekins, Head of Fixed Income and a member of Daiwa Europe's Executive Committee.

Purton, who is also based in London, steps up following the resignation of Sam Amalou, previously head of DCM. Purton, who was already a Managing Director within DCM, has been with Daiwa for more than 20 years and will continue to strengthen Daiwa's origination capabilities whilst working in close co-operation with Brown. In his new position he reports to Wilfried Schmidt, Executive Officer and Vice Chairman of Daiwa Europe.


In a further expansion of the firm's Global Mergers & Acquisitions Investment Banking Group, Jefferies announced today the addition of Tariq Hussain in London as a Managing Director in the firm's Global Mergers and Acquisitions Group.

Hussain brings 14 years of investment banking experience to Jefferies, including 12 years at Dresdner Kleinwort, with senior roles during his tenure including Co-Head of European M&A and Global Head of the Financial Buyers Group.

Jefferies has also announced the appointment of Michael Alexander as CEO of Jefferies Asia. Mr. Alexander will be responsible for building Jefferies' full-service equity research, sales and trading offering in Hong Kong, India, Japan, Singapore, Korea and Taiwan. He will join Jefferies in October and will be based in Hong Kong.

Alexander brings 25 years of experience in sales and trading to Jefferies, and joins from CLSA, where he spent five years, most recently as Group Head of Sales and Sales Trading. Previously, he spent two years at Deutsche Bank, six at JP Morgan and ten at Ord Minnett Securities.


J.P. Morgan Treasury Services has announced that it is strengthening the organizational structure of its Global Trade practice to better address the industry's increasing demand for market-leading trade finance and supply chain management solutions. Under the leadership of Global Trade Executive Daniel Cotti, J.P. Morgan is expanding the bank's award-winning Global Trade organization, hiring several new senior managers for key positions and adding nearly 100 trade and supply chain professionals to the firm's international team.

Among the new senior management positions reporting to Mr. Cotti are:

Pravin Advani, Managing Director, Global Trade Executive for Asia

Advani will lead the Global Trade team in Asia where most of J.P. Morgan's clients remain very active and tremendous growth opportunity exists. Advani has more than 20 years' experience in the banking industry focusing on the pan-Asian, Eastern Europe and Middle East markets. His impressive track record includes trade product management, sales, client and risk management positions at ABN AMRO/RBS and Citigroup.

Andrew Betts, Managing Director, Global Head of Supply Chain

In this new Global Trade position, Betts and his global team will deliver a market-leading proposition of modular, integrated solutions to address clients' financing and regulatory needs across the entire supply chain. Betts' remit includes the leadership of J.P. Morgan's new Global Supply Chain organization, which incorporates the existing Logistics practice globally. Betts is at the forefront of the industry and has considerable experience in international trade, supply chain financing and logistics services in more than thirty countries. He previously has held senior management positions at Deutsche Post/DHL, ABN AMRO and RBS.

David Conroy, Regional Trade Executive for North America and Global Trade Sales Head

Based in New York, Conroy has more than 20 years of transaction banking experience. He joins from Deutsche Bank where he was Americas Head of Trade Finance, and Head of Cash Management for Corporates, and led the franchise expansion. Prior to that, he was at Citibank in their Transaction Services Group in various senior management roles across cash, trade and relationship management.

Andrea Leonel, Regional Trade Sales and Advisory Head, Latin America

Based in Sao Paulo, Ms. Leonel is responsible for Trade Sales and Advisory for the LatAm markets. Previously at Deutsche Bank S.A. - Banco Alemao, she was Head of Trade Finance and interim Head of Cash Management Corporates with particular exposure to Brazil and South America. Prior to that, she held Trade Finance roles at Citibank and Bank Boston. Ms Leonel will report to Mike McKenzie, the Regional Treasury and Securities Services Executive for LatAm.

Kao Fang Ming, Trade Head for China

Ming assumes this newly created position with responsibility for partnering with the Global Corporate Bank to lead Global Trade's business and growth in this important market. Previously she was China Head for Global Trade Sales, Trade, and Supply Chain at HSBC in China and worked at Standard Chartered Bank in transaction banking where she was based in Singapore, China, Hong Kong and London. Kao Fang Ming will report to Pravin Advani, Regional Trade Executive for Asia, and Lisa Robins, the Country TSS Executive for China.

Prashant Pillai, Trade Head for India and South Asia

As part of J.P. Morgan's Global Corporate Bank rollout and increased business focus on its franchise in India, Pillai will lead trade business in India. He previously worked for ICICI Bank and most recently for ABN AMRO/RBS India where his responsibilities included the initiation and structuring of cross border and domestic trade deals involving trade finance and end-to-end credit structures. Pillai will report to Pravin Advani and locally to Rajiv Jain, Treasury Services Head for India and South Asia.

J.P. Morgan's new Global Trade management team also is comprised of Jeremy Shaw, Regional Executive for EMEA; Mike McKenzie, Regional Treasury and Securities Services Executive for Latin America; and Michael Quinn, Global Head of Traditional Trade. Cort Jacobsen has joined as Global Product Delivery Head, and additional key hires have been made to strengthen the global trade teams in Africa, Asia, Europe and the Middle East.


Nomura has announced the appointment of Guy Cornelius and Raffaele Ricci as Co-Heads of Fixed Income Sales for Europe, Middle East and Africa (EMEA). Both will be based in London and will report to Georges Assi and Kieran Higgins, Co-Heads of Fixed Income, EMEA.

Cornelius and Ricci will be responsible for the flow and structured sales forces across all of Nomura's Fixed Income products and geographies in the EMEA region. They will define the vision and strategy for the firm's client franchise and partner with the bank's trading, structuring and research functions to ensure efficient operations across all businesses.

Guy Cornelius has over 20 years of industry experience and joins Nomura from Evolution Securities where he was Head of Fixed Income. Prior to this, he worked as a senior relationship manager at Lehman Brothers focusing on global top tier accounts across the institutional investor and hedge fund client bases. Guy has also served as head of Fixed Income sales at UBS.

Raffaele Ricci joined Nomura in 2008 and most recently held a dual role as Head of Solutions Sales and Co-Head of Sales for Southern Europe and the Middle East. He has nearly 20 years of industry experience and has led highly successful teams in each of his roles. Raffaele has also served as Head of the Structured Solutions Group at Lehman Brothers.


Societe Generale Corporate & Investment Banking announces the following appointments within the Syndication team in London, with immediate effect:

Terence Shanahan, currently Head of Debt Capital Market Syndicate is appointed as Deputy Global Head of Syndication and will report to Alvaro Huete, Global Head of Syndication.

Eric Cherpion, currently Deputy Head of Debt Capital Market Syndicate is appointed as Global Head of Debt Capital Market Syndicate. He will report to Alvaro Huete and to Terence Shanahan.

Also, Jason Russell, currently Head of the Structured Finance Solutions team has been appointed to the role of Deputy Global Head of Debt Capital Market Syndicate and he will report to Eric Cherpion.

Terence Shanahan joined Societe Generale Corporate & Investment Banking in London in December 1997 as European Head of Credit Sales. He was appointed Head of Structured Credit Syndicate in 2002 and Head of Debt Capital Market Syndicate in 2006. Prior to joining Societe Generale, Shanahan was a senior member of the Structured Financing Group at Morgan Stanley London for three years. 

Eric Cherpion joined Societe Generale Corporate & Investment Banking in 1998 as a Government Bond Trader with responsibility to set up primary dealerships for government bonds in Belgium and the Netherlands. In 2000, he became Head of Sovereign, Supranationals and Agency syndication. In 2003, he added financial institutions syndication to his responsibilities. He was promoted to Managing Director in 2007 and assumed responsibility for Flow Syndicate (SSA, financials and covered bonds). In 2008, he became Deputy Head of Debt Capital Market Syndicate.

Jason Russell joined Societe Generale Corporate & Investment Banking in 1998 as a result of the Hambros acquisition. He worked in the Project Finance team with a specific focus on advising and arranging infrastructure finance. In 2003, he moved to the Structured Debt distribution business in the capital markets that he headed assuming full responsibility for the Structured Debt businesses. In 2008, he was appointed Head of the Structured Finance Solutions team where he drove the distribution of specialised finance assets, interfacing with the Societe Generale Global Finance and Fixed Income & Currencies teams for origination, asset expertise, structuring and distribution.

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