Goldman Sachs named Kevin Sneader to help run its operations in Asia, months after he was voted out as the leader of consulting firm McKinsey. Sneader will serve as co-president of the Asia business, excluding Japan, alongside Todd Leland.
He will also join the firm’s management committee and will relocate to Hong Kong for the job. The pair is charged with growing the Wall Street firm’s client base in the region, where Goldman has outlined ambitious expansion plans.
Citigroup hired a senior JPMorgan dealmaker as the latest high-profile recruit for its team of technology bankers headed by former European investment banking boss Philip Drury.
Brian Truesdale, global head of software investment banking at JPMorgan, has joined Citigroup as chairman of global technology banking, capital markets and advisory, according to an internal memo seen by Financial News. He spent the past six years at JPMorgan, having previously worked at Deutsche Bank for 12 years, where he was global head of software investment banking and previously co-head of its technology investment banking team in the Americas.
Citi also bolstered the ranks of its UK investment banking business this month with two senior dealmakers as it looks to close the gap on its Wall Street rivals in the country.
The US bank named James Ibbotson as a managing director in its UK investment banking team, according to a memo seen by Financial News. He joins from Deutsche Bank, where he led its real estate, gaming and lodging investment banking team in Europe, the Middle East and Africa.
Meanwhile, Simon Lindsay is rejoining the bank as a managing director covering the UK market, after a three-year hiatus as director general of the UK Takeover Panel.
Private equity firm KKR announced on 9 September that it had appointed Kerryann Benjamin as chief diversity officer and head of talent management. Benjamin, who will be based in New York, joined the firm from Goldman Sachs, where she worked in a number of roles across the human capital management team.
“While we are proud of the progress we have made over the last few years taking steps to increase our diversity and inclusion efforts, we are committed to going even further as we continue this important work with our employees and the communities that we serve,” said Sandra Ozola, global head of human capital at KKR.
Credit Suisse unveiled its new chief compliance officer following the ousting of former boss Lara Warner in the wake of its $5.5bn hit from the collapse of Archegos Capital.
Rafael Lopez Lorenzo, a former JPMorgan banker and Credit Suisse’s current global head of audit, has been appointed chief compliance officer, the Swiss bank said in a statement. The move comes around six months after the departure of Warner, who was chief risk and chief compliance officer at the bank, and stepped down after the bank’s exposure to Bill Hwang’s family office was revealed.
Former Schroders and KPMG executive Kevin Parry is set to succeed David Roberts next year as chair of Nationwide, Sky News reported. Parry, who also chairs Royal London, has been on the mortgage provider’s board for five years. Regulatory approval is currently being sought for his promotion from senior independent director to chair, according to the news agency.
Monzo is to appoint James Davies, a former chief financial officer at online estate agent Purplebricks, as its next CFO. Davies will join as CFO later this month, the Evening Standard first reported, as he exits his current role as finance chief of household repairs and insurance group Domestic & General.
Davies’ earlier experience included finance roles at William Hill and Kingfisher. He is also a former director of mergers and acquisitions at Deutsche Bank’s London office, according to his LinkedIn profile, and previously held positions at Close Brothers and Deloitte.
BlackRock, the world’s largest asset manager, hired a former Bank of England executive as deputy head of its influential research and analysis division.
Alex Brazier, who until February was executive director for financial stability strategy and risk at the UK central bank, will join BlackRock’s Investment Institute in October. He spent more than two decades at the BOE and sat on its influential financial policy committee, will report to Jean Boivin, the former Bank of Canada deputy governor who heads up the unit.
Frances Edwards, BlackRock’s former chief operating officer for its iShares business in Emea, is to join Valour, a Swiss cryptocurrency fund manager helmed by ex-HSBC innovation head Diana Biggs. Edwards, who left BlackRock in May last year, will act as Valour’s chief operating officer.
Edwards is the firm’s first executive appointment after Biggs took over earlier this year, launching a range of digital assets-focused exchange traded products on regulated European stock exchanges. Prior to joining iShares, she was director of product origination at Lloyds and, before that, head of retail product structuring at Barclays.
Pensions and investment advisory firm Isio appointed its first permanent chief technology officer. Isio was KPMG’s UK pensions practice before separating from the Big Four firm in March 2020.
Unity Trust Bank’s Matt Glover, formerly of NatWest and Al Rayan Bank, will now lead Isio’s technology and development teams and be responsible for IT strategy and change.
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