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Here’s a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
- The US Department of Education announced it appointed Richard Cordray as its chief operating officer of federal student aid, according to a statement from US Secretary of Education Miguel Cardona. Cordray is the former director of the Consumer Financial Protection Bureau and the former attorney general of Ohio.
- Timothy Massad, who ran the US Commodity Futures Trading Commission during the Obama administration, joined Ethic this week as an advisor, Insider reported. Ethic is a New York-based company that builds tailored portfolios aligned with clients’ values for financial advisors and institutional investors.
- Paget MacColl joined Blackstone as global head of Blackstone Alternative Asset Management’s (BAAM) institutional client solutions, according to a press release. MacColl comes to Blackstone from Goldman Sachs Asset Management, where she most recently served as co-head of the Americas institutional client business and originally started her career in 1999.
- John Dalby is joining NYDIG, a provider of investment and tech offerings for Bitcoin, as its chief financial officer, the company announced in a press release. Dalby is currently CFO at Bridgewater Associates, the largest hedge fund in the world. Before joining Bridgewater, Dalby spent time at D.E. Shaw and UBS.
- Bank of America on Tuesday announced a new slate of leaders for its global M&A team, according to Bloomberg:
- Kevin Brunner and Ivan Farman, who previously co-headed M&A in the Americas, will now co-head the global M&A team. Prior to co-heading Americas M&A, Brunner headed global technology M&A, and Farman co-headed healthcare M&A.
- The bank’s global M&A current head, Patrick Ramsey, will become chairman of global M&A alongside Steve Baronoff. Ramsey will join Bank of America’s global corporate and investment banking division and report to leader Matthew Koder.
- JPMorgan promoted James Reid and Melissa Goldman to be CIOs of two new groups, Insider reported:
- Reid will be CIO of the firm’s new employee experience and corporate technology organization. He will be in charge of modernizing the technology employees use in HR; legal; corporate responsibility; audit, tax, and robotics; and real estate. He joined JPMorgan in 2019 after 17 years as a VP at Equifax, and he’ll report directly to global CIO Lori Beer.
- Goldman, JPMorgan’s chief data officer, was promoted to CIO of the new finance, risk, data, and controls (FRDC) technology organization.
Stephen Bruel joins Coalition Greenwich, a provider of data and analytics to the
financial services industry
, as as a senior analyst on the market structure & technology team, The Trade reported this week. He comes to the firm from Brown Brothers Harriman, where he was head of derivatives product management for 10 years.
- Mitsubishi UFJ Financial Group (MUFG) appointed Neal Holland as chief financial officer for MUFG Americas Holdings Corporation and MUFG Union Bank, NA, effective June 1, per a press release. Holland, who most recently served as Union Bank’s CFO and has been with the company since 2008, will succeed former CFO Johannes “Johs” Worsoe, who left the bank in February.
- Lafayette Square, an impact-driven, minority-owned investment platform, announced the appointment of Ommeed Sathe as its head of strategy in a press release. Sathe was previously the head of the impact investment unit at Prudential.
- Guggenheim Securities‘ leveraged finance business poached two new senior managing directors this week from Natixis Securities Americas, according to a press release.
- Bob Chen brings more than 25 years of experience in leveraged finance to Guggenheim’s leveraged finance group. Chen most recently served as Natixis Securities Americas’ head of leveraged finance.
- Tyler Lifton joins the fixed income capital markets division, bringing nearly two decades of leveraged finance experience to the role. He most recently served as Natixis Securities Americas’ head of credit capital markets.
- Bank of America hired two veteran volatility traders to run trading teams on its equity derivatives desk, Insider reported.
- Spencer Cross resigned from JPMorgan to run US index trading at BofA. Cross joins after only a brief stint at JPMorgan, where he was hired as an executive director last May.
- Anastasios “Taso” Giannopoulos, who spent his entire career at Morgan Stanley, will take the role of Americas head of micro derivatives trading.
- Morgan Stanley lost Derek Brannon, an executive director in index volatility, to Capula Investment Management and Thomas Hauch, a VP in single-stock derivatives, to Sculptor Capital Management, Insider reported.
- Russell Investments added two senior leaders to its team, according to a press release.
- Kate El-Hillow, who previously held several senior investment leadership roles at Goldman Sachs Asset Management, joined as global chief investment officer.
- Kevin Klingert, who most recently served as an independent trustee at Six Circles Funds, a suite of mutual funds designed exclusively for JPMorgan. Klingert, who has been hired as president at Russell Investments, has also held managing director roles at Morgan Stanley Investment Management and BlackRock.
- Vista Equity Partners‘ former president and cofounder Brian Sheth made headlines this week when his family office poached investment banker Ira Cohen from Morgan Stanley, Bloomberg reported. Cohen, who was a New York-based managing director at the bank, will advise both Sheth’s office and his charity, Sangreal Foundation.
BlackRock continued its sustainability push this week as it expanded its environmental, social, and corporate governance-centric (ESG) leadership, Insider reported.
The asset manager hired climate scientist Chris Weber from the World Wildlife Fund as head of climate and sustainability research.
- The memo also said Beatriz Da Cunha, a longtime BlackRock leader, would be promoted to serve as BlackRock Sustainable Investing’s (BSI) first chief operating officer. She has been with the firm for 15 years, and has worked on BSI’s ESG integration team.
- Sallie Mae named a chief diversity officer this week, according to a press release. Lori Aiken, an experienced human resources professional, joined the company from JPMorgan Chase’s market expansion division, where she led the human capital effort.
Divya Nettimi left Ole Andreas Halvorsen‘s $44 billion hedge fund Viking Global, Insider reported. Nettimi worked for Viking since 2014 as an analyst and a portfolio manager. Insider was unable to determine where she is going or what she is doing next.
UBS announced two senior appointments within its new sustainability and impact organization in a press release. The hires will report to Suni Harford, group executive board sponsor for sustainability and impact and president of UBS Asset Management.
- Michael Baldinger was promoted to chief sustainability officer from the role he assumed in 2016 as head of sustainable and impact investing for UBS Asset Management.
- Phyllis Costanza will serve as head of social impact and will continue to be responsible for the group’s philanthropy services, Optimus Foundation, and community affairs activities.
- Point72 hired away Citadel analyst Ryan Zaborske to be a portfolio manager, according to Hedge Fund Alert. Zaborske, who worked for Citadel’s surveyor unit, will work with REITs and will be based in the hedge fund’s Stamford office.
Meredith Mazzilli, Carter Johnson, Bradley Saacks, Alex Morrell, and Rebecca Ungarino contributed to this report.
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