Banking

Must-know promotions, exits, and hires at firms like Credit Suisse, Goldman Sachs, and Wells Fargo

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

  • Credit Suisse hired 24-year Goldman Sachs veteran Joanne Hannaford to be chief technology officer and chief operating officer, the Wall Street Journal reported Monday. Hannaford will replace current COO James Walker, who will be deputy chief executive officer for the bank’s US holding company.
  • A handful of bankers and traders have departed Credit Suisse recently:
    • Two equities managing directors, Bill Bors and Jason Vickery, have resigned from the bank’s global stock-trading business, Insider reported Tuesday. Bors, who had been a senior sales trader, is moving to Barclays, while Vickery, who ran international program trading, will join Mizuho.
    • Matt Walsh, who joined Credit Suisse in 2017 and was most recently co-head of technology ECM, is moving to SVB Leerink, Bloomberg Law reported last week. Walsh will be the head of equity capital markets for investment banking.
    • Co-head of media and telecom team Eric Federman is joining Barclays; co-head of global industrial team Spyros Svoronos is joining Lazard; head of global energy Brian McCabe is joining JPMorgan; and Brad David is joining Evercore, the Wall Street Journal reported Tuesday.
    • Financial institutions group director Samie Zare and vice president Rinki Melwani are moving to Jefferies, Financial News reported Wednesday.
  • Credit Suisse hired Kyle Berry as a managing director in the global industrial group, Reuters reported Tuesday. Berry, who starts on July 19 and is joining the firm from Morgan Stanley, will be based in London and report to industrials and energy EMEA co-heads Gregory Dalle and Pierre Lescastereyres.
  • Jeffrey Stammen is leaving Barings, where he was regional sales head of North American institutional distribution, to join private debt manager Antares Capital as head of investor coverage in their asset management division, according to a press release.
  • Evercore Wealth Management announced on Thursday that it appointed Justin Miller as partner and national director of wealth planning, which a bank spokesperson confirmed is a newly created position. Miller, who will be based in San Francisco, joins Evercore from BNY Mellon Wealth Management, where he worked as a national wealth strategist.
  • Wells Fargo poached JPMorgan Chase‘s global head of talent development and total rewards, Bei Ling, as its new head of human resources, per a press release on Thursday.
  • Deutsche Bank poached five wealth managers from its competitor European bank UBS to expand its Swiss-based private banking business for wealthy British and Northern European customers, Reuters first reported. Raoul Zehnder will assume the top role on the team on October 1, joined by senior relationship managers Patrik Minuscoli and Michael von Mecklenburg, senior investment manager Philipp Portenier, and account manager Vincent Weisse.
  • Financial sponsors-focused managing director Timothy Lufkin is leaving Truist Securities to join Rothschild & Co in the same role, per a press release this week.
  • Robinhood‘s head of content, David Moss, is moving to JPMorgan to be head of content for US wealth management, Insider reported Tuesday. Moss, who will be based in New York and report to head of content and communications for wealth management. Prior to his time at Robinhood, Moss previously worked for Goldman Sachs Marcus.
  • Maxwell Gover, who previously lead the interactive media and communications technology practices at Wells Fargo, is moving to Oppenheimer as a managing director in global technology investment banking, according to a press release.
  • Rothschild hired Timothy Lufkin as a managing director in the financial sponsors group, which is part of the firm’s global advisory business, per a press release. Lufkin was previously a managing director in Truist‘s financial sponsors group.

Aaron Weinman, Alex Morrell, Michelle Abrego, Meredith Mazzilli, Reed Alexander, and Rebecca Ungarino contributed to this report.

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