Banking

Credit Suisse restocks on bankers and traders; SVB Leerink hiring spree continues; Morgan Stanley promotes CLO star

  • Insider is compiling Wall Street people moves this week. Get the latest industry intel here.
  • Credit Suisse hired from HSBC, Citi, and Wells Fargo.
  • Morgan Stanley has new head of North America CLO new issues.
  • See more stories on Insider’s business page.

Here’s a rundown of hires, exits, and promotions from the past week.  Are we missing anyone? Let us know.

  • Morgan Stanley promoted Rachel Russell, a longtime star in the firm’s credit division, to run the bank’s CLO new issue business in North America, according to an internal memo viewed by Insider. Russell joined the firm in 2004 and previously ran CLO, ABS, and RMBS syndication.
  • After months of high-profile departures, Credit Suisse is continuing to rebuild itself with a handful of high-level hires:
    • Orazio Tarda is joining as a managing director and the global co-head of fintech, according to an internal memo sent August 2 and reviewed by Insider. Reuters was the first to report the news. Tarda, who previously spent 16 years at HSBC and was most recently the global head of fintech investment banking, will start at Credit Suisse in November and report to Giuseppe Monarchi, co-head for telecom media and tech for EMEA, and Brian Gudofsky, global head of technology investment banking. 
    • Aly Alibhai is joining the firm from Citi to head up the global media and entertainment mergers and acquisitions group, according to an internal memo sent on August 3 and reviewed by Insider. Reuters first reported the news. Alibhali, who was at Citi for 16 years and whose recent clients include Fox, Sony and Warner Music Group, will start at Credit Suisse on August 9, be based in New York, and  will also report to Giuseppe Monarchi.
    • Chris Johnson, who is known on Wall Street as “Whopper,” resigned from Wells Fargo to run program trading sales, Insider reported August 4. His hire fills the void left by Jason Vickery, who left earlier this summer to run program trading for Mizuho. Johnson had previously been at Wells Fargo for a decade and ran equity program trading sales.
  • Jimi Larkins, a managing director at Bank of America, resigned in May to join JPMorgan, he announced Tuesday on LinkedIn. Larkins, who focuses on the insurance and insurtech industries, will officially join JPMorgan in three months after completing garden leave, he said. 
  • SVB Leerink saw both key hires and a notable departure this week.
    • The bank hired Mairin C. Rooney for its biopharma investment banking franchise from Goldman Sachs, where she served as managing director in the healthcare investment banking group focused on biopharma and biotech clients, it announced Monday.
    • Citi vice president Roger Salazar Jr. is joining the firm as a managing director and head of SPACs, Bloomberg reported Wednesday. Salazar, who will join the firm later this month in New York and report to global co-head of healthcare investment banking Dan Dubin, according to the report. 
    • Jim Ratigan, the bank’s former head of M&A, left SVB Leerink to join Rockefeller Capital Management as a managing partner in its strategic advisory practice, per a press release
  • Healthcare and telemedicine platform Zocdoc announced the appointment of Edward Liu as its chief financial officer this week. Liu comes to Zocdoc from Morgan Stanley, where he was head of Americas Technology Banking. 
  • Point72 Asset Management poached star credit trader Leon Hagouel from JPMorgan to be a macro portfolio manager, Insider reported Wednesday. Hagouel, who had been at JPMorgan since 2006 and was an executive director in the fixed-income trading division, will start working at Steven Cohen‘s $22 billion hedge fund in October, sources told insider. 
  • JPMorgan Wealth Management has hired Matt Wilson, who previously led E-Trade‘s advisor services, Barron’s first reported. Wilson will oversee Chase branch-based advisors in eight states including Ohio, Michigan, and Texas as a divisional director. He starts with JPMorgan on August 30, according to the report, which the bank confirmed to Insider.
  • Asad Zafar was a part of an energy-focused equities team at hedge fund Citadel, and considered launching his own fund, but is instead joining commodities trading firm Vitol as a portfolio manager. He will focus on mobility and industrials stocks, such as airlines, ride-sharing apps, car companies, and more, he confirmed to Insider.

Meredith Mazzilli, Michelle Abrego, Alex Morrell, Rebecca Ungarino, and Bradley Saacks contributed to this report.

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