Lafayette Square
Here's a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
- BlackRock has hired Stephanie Smith to be the new chief operating officer of the asset manager's alternatives business, Insider reported this week. She is expected to begin her new role this summer, and will be based in New York City, reporting to Edwin Conway, global head of BlackRock's Alternative Investors. Smith was most recently the head of operations for the consumer and wealth-management division at Goldman Sachs, a firm where she spent more than two decades.
- At BlackRock, Smith replaces Todd Slattery. Slattery will serve as a platform specialist in BlackRock Alternative Specialists, a group in BAI focused on sales and consulting in the alternatives space. Slattery is expected to report to David Lomas, a managing director and global head of the unit, Insider reported this week.
- Goldman Sachs has appointed a new chief operating officer for global marketing. Jason Hill announced his appointment to the role in a post on LinkedIn, which was also confirmed by a bank spokesperson. Hill served as a vice president in brand marketing since March 2018 until he assumed the new role as COO this month. Previously, Hill was the global head of media at asset manager BlackRock.
- The $9 billion hedge fund Balyasny Asset Management poached Travis Potter, a top volatility trader at Goldman Sachs, sources familiar with the matter told Insider. At Goldman, Potter was a managing director, according to his LinkedIn page. He joined Goldman Sachs in 2005.
- A raft of departures hit Credit Suisse this week, as the fallout of its $4.7 billion hit from the collapse of the hedge fund Archegos Capital Management continues to leave its mark. Known departures include:
- Brian Chin, CEO of the investment bank, who will be replaced by Christian Meissner.
- Lara Warner, chief risk and compliance officer. Her functions will temporarily be taken over by interim chief risk officer Joachim Oechslin and interim global head of compliance Thomas Grotzer.
- Paul Galietto, head of equities sales and trading.
- Houlihan Lokey bulked up its European healthcare team, poaching Paul Tomasic and Andrew Murray-Lyon from RBC Capital Markets in London, Insider reported. Tomasic joins Houlihan as a managing director and head of European healthcare. Murray-Lyon joins as a director in the firm's healthcare investment-banking business. Additional hires to the team include Federico Pavia Ghione, an associate, and Owen Richards and Zofia Duffy, both financial analysts.
- JMP Securities, a division of the financial services firm JMP Group LLC, announced this week that Alfredo Barreto, Jr., has joined the firm's investment-banking group as a managing director based in its San Francisco office. Barreto will advise the company's corporate clientele that work in the cannabis sector, the firm said in a press release. Previously, Barreto was a partner at the Bay Area boutique investment bank Wood Warren & Co., which focuses on clients in the food, beverage, and agriculture industries. He previously spent time at other firms including The Silverfin Group, JPMorgan Securities, and Morgan Stanley.
- SVB Leerink, an investment bank specializing in healthcare and life sciences, announced that it has hired Andrew Fineberg to be a new managing director leading the company's structured finance practice. Fineberg will be based in New York City and report to Dan Dubin, a vice chairman and global co-head of investment-banking, the company said in a press release. Finberg comes from MTS Health Partners, where he spearheaded structured finance advisory efforts.
- SVB Leerink also announced that it has hired Jack Bannister as a managing director working on its equity capital markets team, according to a press release. Bannister, formerly a vice president in healthcare equity capital markets at Goldman Sachs, joins SVB Leerink in New York, and will report to Rahul Chaudhary.
- Talos, an end-to-end provider of tech infrastructure for institutional trading of digital assets, announced it has recruited Justin Schmidt to be its new head of strategy. Schmidt was previously the head of digital asset markets at Goldman Sachs since 2018, the company said in a press release.
- Roth Capital Partners, an investment bank that targets the emerging growth sector, announced that Ivan Saval will join the firm as a managing director focusing on the agricultural technology sector. Previously, Saval was a managing director at the National Securities Corporation, another investment bank, where he worked in its food and agribusiness practice, the company said in a press release.
- Werner Kruger joined UK-based buy now, pay later startup Zilch as chief data officer, Insider has learned. Kruger previously held leadership roles in data science at fintechs including Bloom, Monese, and fellow BNPL player Klarna. Kruger will lead Zilch's data initiatives as the fintech looks to launch more personalized payment offerings for consumers.
- D.A. Davidson, a financial services firm based in Montana, announced that it has hired Eric Stetler as a new managing director in investment-banking in the diversified industrials sector. Stelter will be based in the firm's Chicago office, according to a company press release. He has joined the firm from Baird, where he spent more than a decade handling M&A, debt, and equity financings.
- Lafayette Square, an asset manager, announced that Caitlin McLaughlin is joining the company as its new chief people officer, overseeing human resources efforts. Previously, McLaughlin was an executive vice president at PNC Financial Services Group, where she spent 12 years overseeing functions like enterprise talent strategy, diversity recruiting, and professional development programs, the company said in a press release. Prior to PNC, she was a managing director at Citigroup, overseeing global campus recruiting and program management.
- Investment manager and capital markets firm Artist Capital announced two new executive hires. Ramesh Parameswar has joined Artist as a managing director from global macro fund Trend Capital Management, where he led business development. He previously worked in alternative assets at Citigroup. Patrick Neuman joined the firm as a director from alternative asset manager Trailmark Inc., where he advised fund sponsors.
- Citadel has recruited David Kim, the former US head of equity client solutions at Bank of America, according to a report from eFinancialCareers. Kim came to Bank of America in 2018 from JPMorgan Chase, where he led US flow trading. Prior to that, Kim worked at Goldman Sachs.
- Point72 Asset Management has recruited Jason Kaplan to be a new portfolio manager, according to Hedge Fund Alert. Kaplan previously spent time at NWI Management, Goldman Sachs, Bear Sterns, and Citigroup.
- Millennium Management appointed Ian Singer as a new portfolio manager, according to Hedge Fund Alert. Singer was previously a partner at Deep Basin Capital, a fund focused on energy investments, and spent time at Citadel, Zimmer Lucas Partners, and consulted for asset managers.
- Verition Fund Management recruited Gregory Reiss as a new portfolio manager investing in "utilities, renewable-energy operations and power companies," according to Hedge Fund Alert. Reiss previously spent time at Centenus Global Management, a fund manager backed by Millennium Management, as well as Deutsche Bank and Morgan Stanley.
- Stephens, a family-owned investment company based in Little Rock, AR, has announced that Brett Huff has been appointed managing director within the technology group of its investment-banking division. He will be focused on the financial technology sector. Previously, Huff was a managing director on the business services team within the firm's equity research department. He has been with Stephens since 2005, the company said in a press release.
Shannen Balogh, Dakin Campbell, Dan DeFrancesco, Carter Johnson, Meredith Mazzilli, Alex Morrell, Bradley Saacks, and Rebecca Ungarino contributed to this report.
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