Executives in Securities Market Intermediairies

Gautam Bhandari

2008-08-26T19:06:00.000-07:00

Morgan Stanley

Morgan Stanley recently appointed Gautam Bhandari as head of its infrastructure investments unit for India, West Africa and sub Saharan Africa.

Bhandari was previously with firm's invstment banking division in New York.

Bhandari will be based in Mumbai.

Tom Agnew

2008-07-16T01:54:00.000-07:00

august 2006

Henderson Global Investors has hired Tom Agnew as Hedge Funds Sales Manager to join the global sales team based in London.

He has over eight years experience in the alternative investments arena. Agnew joins Henderson from Orn Capital, where he was a Sales and Marketing Director for hedge funds since 2004.
Prior to Orn Capital he worked in the prime brokerage business for Goldman Sachs International and then Bear Stearns International.

His appointment follows that of Eila Matt, who joined the firm in May to spearhead Henderson’s hedge fund business in the US.

http://www.thehedgefundjournal.com/people/index.php?articleid=38355873

First time entrants to Alpha Hedge Fund Manager List 2007

2008-07-16T01:19:00.000-07:00

Greg Coffey of GLG, David Harding of Winton Capital Management,
Alan Howard of Brevan Howard Asset Management,
Michael Platt of BlueCrest Capital Management, and
Hugh Sloane and George Robinson of Sloane Robinson Investment Services.

http://www.iimagazine.com/article.aspx?articleID=1914753

Lagrange

2008-07-16T01:18:00.002-07:00

UK Hedge fund managers

Gottesman

2008-07-16T01:18:00.001-07:00

UK Hedge fund manager

Raj Rajaratnam

2008-07-16T01:16:00.000-07:00

Galleon Group

Mark Kingdon

2008-07-16T01:15:00.000-07:00

Kingdon Capital Management

James Simons

2008-07-16T01:14:00.000-07:00

James Simons $2.8 billion in 2007

George Soros

2008-07-16T01:13:00.000-07:00

Quantum Fund

George Soros earnined $2.9 billion in 2007

John Paulson

2008-07-16T01:10:00.000-07:00

John Paulson earned a record $3.7 billion in 2007 (Alpha rankings).

This is a great display of individual wealth creation in any year in the modern history of finance in securites market trading.

http://www.iimagazine.com/article.aspx?articleID=1914753

Incomes of Hedgefund Managers in 2006

2008-07-15T23:52:00.000-07:00

Combined, the top 25 hedge fund managers earned $14 billion in 2006.

Mr. James Simons, the founder of Renaissance Technologies earned $1.7 billion.

Two other hedge fund managers, Kenneth C. Griffin and Edward S. Lampert, each took home more than $1 billion last year, with George Soros missing the hurdle by $50 million, according to an annual ranking of the top 25 hedge fund earners by Institutional Investor’s Alpha magazine.

Some view them as new-economy financiers, evoking the likes of John D. Rockefeller or John Pierpont Morgan as they provide liquidity to the markets and broadly diversify risks in the banking and financial systems.

http://www.nytimes.com/2007/04/24/business/24hedge.html

Owen O. West

2008-05-26T03:47:00.000-07:00

Managing Director
Goldman Sachs

Owen is a graduate of Harvard University and Stanford Graduate School of Business
Prior to this, he is a vice president (energy trading) of Goldman, Sachs & Co.

He served as a Marine infantry officer for six years, including MEU(SOC) assignments as well as an Iraq tour as Fire Support Officer for 1st Force Recon Company. His Reserve affiliation continues as 2d Brigade Platoon Commander, 4th ANGLICO.

A former heavyweight rower, he has completed 100-mile ultra-marathons, attempted Mount Everest, and finished as high as second in the Eco Challenge. His first novel won the Boyd Literary Award for best military novel. He has written several articles on the military and outdoor adventures for publications as diverse as Playboy and The New York Times. In 2005, he won the Marine Corps Leadership Essay Contest.

George W. Wellde Jr.

2008-05-26T03:34:00.000-07:00

Managing Director
Goldman, Sachs & Co.

George Wellde is Vice Chairman of Fixed Income, Currency and Commodities, where he is responsible for managing many of the division’s significant client relationships.

He has worked in the Fixed Income Division since joining the firm in 1979. George began his career at the firm as a salesperson in the Money Markets business in New York. From 1994 to 1999, George was the Goldman Sachs Tokyo office branch manager and head of the Fixed Income Department. George returned to New York in 1999 to co-head the Liquid Markets Trading and Sales business. From 2000 to 2005, he was head of North America Sales for FICC. George became a partner in 1992 and a managing director in 1996.

Prior to Goldman Sachs, George worked at the Federal Reserve Board and Union First National Bank in Washington, DC.

George earned a BS from the University of Richmond in 1974 and an MBA from George Washington University in 1976.

85 Broad Street, 26th Floor
New York, NY 10004
Telephone: (212) 902-0104
Email: george.wellde@gs.com

Richard A. Weissmann

2008-05-26T03:29:00.000-07:00

KSL CAPITAL PARTNERS HIRES RICHARD WEISSMANN, FORMER MANAGING DIRECTOR OF GOLDMAN SACHS & CO.

DENVER (March 3, 2008) – KSL Capital Partners (KSL), a leading private equity firm, today announced that Richard Weissmann has joined the firm as a partner. Previously, Weissmann was a managing director in the Investment Banking Division of Goldman Sachs & Co., where he led Goldman's Hospitality and Gaming Practice. Prior to joining Goldman in 1998, Weissmann was an attorney in the real estate and corporate groups with the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York. Rich began his career in 1984 as a real estate developer in the New York metropolitan area. Rich has a B.A. from Tufts University and a J.D. from Columbia University School of Law.

Mike Shannon, managing director and co-founder of KSL, said, "We could not be more pleased that Rich has agreed to join us. We have known Rich for many years, and he has been a trusted advisor on many of our previous transactions, including the sale of our predecessor investment vehicle, the recapitalization of the Hotel del Coronado, and the sale of La Costa Resort and Spa. Rich is widely regarded as a top investment banker and trusted advisor serving the hospitality and gaming industries. He previously represented a large and diverse client group, and has participated in many of the most significant transactions in the hospitality industry over the last several years."

Eric Resnick, managing director and co-founder of KSL, added, "Rich will have involvement in our hospitality transactions, in addition to overseeing our international operations and potential real estate development-related and gaming investments. His experience is well suited to this new role. Rich was instrumental in advising Las Vegas Sands Corp in its successful development of The Venetian and The Palazzo in Las Vegas, and the expansion of its resort and gaming operations into Macau and Singapore; sold Four Seasons Hotels and Resorts to a joint venture of Isadore Sharpe, Kingdom Holdings and Cascade Investments; sold Intrawest Corp. to Fortress Investment Group; and advised on over $80 billion of other M&A and financing transactions during his time at Goldman Sachs."

About KSL
KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL Capital Partners is headquartered in Denver. For more information, please visit http://www.kslcapital.com.

Notable investments made by the principals of KSL include:

ClubCorp, Inc., the world’s largest owner and operator of golf, country and business and sports clubs
Barton Creek Resort & Spa in Austin, Texas
The Homestead in Hot Springs, Virginia
Rancho Las Palmas Resort & Spa in Rancho Mirage, California
Vail, Beaver Creek, Breckenridge and Keystone Mountain Resorts
La Quinta Resort & Club and PGA West in La Quinta, California
Doral Golf Resort & Spa near Miami, Florida
Grand Wailea Resort Hotel & Spa on Maui in Wailea, Hawaii
Arizona Biltmore Resort & Spa in Phoenix, Arizona
La Costa Resort and Spa in Carlsbad, California
Hotel del Coronado near San Diego, California

From pres release

Stefan Weiser,

2008-05-26T03:14:00.000-07:00

MD
Goldman Sachs

"Commodities have begun to emerge as a discrete asset class in their own right,"
says Stefan Weiser, London-based European head of investor sales for the
Goldman index.

Stefan Weiser, CFA
stefan.weiser@gs.com
+44 20 7774 6232

Gregg Weinstein

2008-05-26T03:11:00.000-07:00

Dec 2003
Goldman Sachs will merge its US high-grade, credit derivatives and convertible bond trading operations, the bank announced last month. Gregg Weinstein, global head of convertibles, will head up the integrated trading desk.

Alan S. Waxman

2008-05-26T03:01:00.000-07:00

Managing Director'
Goldman Sachs

Involved in the wind energy space

Goldman Sachs has invested $2bn since 2002 in renewable energy companies and the firm’s current portfolio includes US Geothermal, First Solar and Suntech.

These investments are not, in the most part, being made by the banks’ private equity groups. Goldman Sachs, for instance, makes its renewable energy investments through its special situations group, which sits within fixed income, currency and commodities and is currently run by managing director Alan Waxman.

http://www.windaction.org/news/12996

Toby C. Watson

2008-05-26T02:58:00.000-07:00

Managing Director
Structured Finance
London

Haruko Watanuki

2008-05-26T01:43:00.000-07:00

Ms. Haruko Watanuki
Managing Director
General Counsel, Goldman Sachs Japan (Ltd.)
Read an interview by her in 2004 in Hudson bullet in
http://jobs.ni.hudson.com/documents/jobs_jp_newsletter_quarter_4_2004_english.pdf

Watanuki spent 16 years in Goldman Sachs by 2004.

Watanuki sensei: I thought deeply when I was deciding to change jobs, and one of the things that came up was that I would stop simply going from one foreign bank to the next. When I went to job interviews, there were some things that I looked out for. In my questions to the interviewers, I asked these Tokyo senior managers, “What are your goals? Where are you going?” You know, when I worked for a law firm I looked around a lot of foreign companies, and it was evident that a good number of the expats in Tokyo were spending half of the year thinking about how much they were making that year and when they were going home. I thought if anyone like that was in the senior management of the company in Tokyo, I would not want to work for them.
When I had interviews at Goldman Sachs, I asked that question of the various senior officers and regardless of how sincere they actually were (laughs), they gave me good answers, and that was where it all began. I confirmed their answers and took the job. Back in 1988, Goldman Sachs in Japan was a small organization, a 300-employee company where I could recognize everyone. Setting up a legal department from scratch was an immense task, but fun, and everyone took good care of me. And from the receptionists through to the management staff, everyone was committed to the company and doing business there—they were very talented and intelligent. To this day I believe there is no company with smarter people or a better working environment.

Q.3 What has happened since you joined Goldman Sachs to lead the establishment of the Legal Department as the in-house counsel? I am sure you faced a great variety of challenges.
Watanuki sensei: Challenges indeed, but they were often fun and always in a very supportive environment, I have really become close to my colleagues. Expanding the department was a very difficult task at first. I started by asking myself what sort of department I would want for myself, and what sort of people I would want working for me if I was running it. But recruiting lawyers was actually a nightmare.
In 1988, Salomon Brothers Asia and Goldman were the only foreign financial institutions with Japanese lawyers—nobody else had any in-house “bengoshi”. The number of in-house lawyers grew little by little in the 1990s, but it was very hard to retain good lawyers for the unusual work of an investment bank at that time. So recruiting was the hardest job I had. Although he has now left , a Japanese lawyer joined us six years ago and it was by his gallant effort that we were able to retain some lawyers with both Japanese and foreign licenses. It became easy in some respects.
When I first entered the company, I was the only qualified lawyer here. Now we have five lawyers with Japanese licenses and four lawyers with overseas qualifications, a total of nine. We also have five legal professionals, as well as a judicial scrivener, assistants and secretaries.
Q.4 What is the culture like in the Goldman Sachs legal team?
Watanuki sensei: I was in a law firm for a long time and there are differences. Personally, I was always blessed with superiors who provided me with coaching and guidance and who would answer any questions seriously at any time and deal with me earnestly. So when I became Senior Legal Counsel I did my best to give the same kind of assistance. In terms of the Legal Department, there are a number of things I pay attention to but above all, I believe that good communication, a strong flow of information and sharing knowledge are vital.
Since there are far more things that one person does not know rather than does know, my intention is that by sharing information, the business side will appreciate our work in the best possible sense. For the business side to receive value from our team, it is not a matter of just doing whatever they want us to do. It is a question of clearly explaining reasons and communicating convincingly why it is that we must give a negative opinion. This is something that I am always careful to do, and I convey this to my staff too.
(Is there more understanding by the business side of your company now about how to use the Legal Department and its role?)
Watanuki sensei: Yes, considerably more. I’ve said this before but these are smart people. When I was setting up the Legal Department on my own, their bosses were stressing the importance of the Legal Department, very openly. So when I would point out a problem, the managers would tell their staff that it was a problem because our lawyer said so. Everyone was a “salaryman” back then and would basically do as their superior told them. What the Legal Department has to say never goes unheeded.

Q.5 Who is the perfect employee for the Goldman Sachs Legal Department? Are there any special characteristics looked for by Goldman Sachs in terms of mid-career recruits?
Watanuki sensei: Since we are doing business in Tokyo, although this would depend on the field, it is absolutely vital that our employees have Japanese ability. Naturally, English ability is also a prerequisite. If I was to tell you my ideal person we would be here forever, but if I had to pick one thing, they would be smart. A smart person not only in terms of being able to study, but in terms of being able to understand things and do their job while constantly asking themselves what they should be doing and questioning their own mission.
They must also be able to work as part of a team. Of course it is good to have someone who is physically strong and gung-ho about working, but rather than long hours, we need people who are speedy and efficient. The speed of the business is fast and while research is important, we really need someone who can pick out problems quickly. We need people who can give an interim response on the spot when the business side needs it and will come back later with a fuller answer.
Therefore, I think there is a distinction between those who are working for law firms and those who are doing in-house work for companies. There are lawyers who prefer to give legal advice more on the basis of their own exhaustive research and legal opinions than an understanding of their clients. On the other hand, there are those with excellent communication skills who would work closely with business and are able to give a prompt response to the issues on the table, at the same time asking the business side for their understanding on a legal basis. This is the kind of person who we would welcome with open arms to an in-house position.
Q.６ What are the attractions of working at Goldman Sachs? What difficulties would a lawyer working as in-house counsel in the Legal Department face?
Watanuki sensei: Well, it is basically great fun to work when everyone is very good at their job. Also, much of what we do is at the cutting edge so while we do not see the ultimate stage of executing proposals for customers very often, it is very interesting to work with the business side on developing areas that have never been touched by anyone before.
What’s more, the Goldman Sachs training program is excellent. Between company programs, and participation in outside seminars and programs as required for work, the career support here is second to none. I also believe our training support is very attractive in that it includes exchanges with teams overseas. In addition, there is a flexible working system catering for women with children, and that is very popular.
In regards challenges—and this applies to all financial institutions—the Legal Department lives by its people. Very little can be done by machine, so we are always on the lookout for talented people. That’s why our biggest challenge is maintaining quality and retaining staff.
Q.７ Apart from legal knowledge and experience, what is the secret formula or mentality needed for succeeding as an in-house counsel at Goldman Sachs?
Watanuki sensei: You should have a positive personality, be someone who does not brood over and fall victim to their own mistakes—you should be someone who is positive about everything. Being the kind of company we are, we often have to spend a penny today if we are to make a pound tomorrow. People who are doubtful or suspicious about such short term matters are not likely to stay the course. Business is quick and there is a lot of pressure, so this would suit mentally tough people who can see the job through to the end of the day and then leave it at that.
Q.8 There has been more interest in moving to in-house positions among lawyers lately. The fact is, however, there is little understanding in general about the in-house career path. Give us a rundown.
Watanuki sensei: I would have to ask myself, what would have become of me had I stayed at the law firm? How happy would I have been to make partner, even though there were dozens ahead of me? (laughs) But now that the firm is enormous, how happy would I have been in such a big practice? I suppose lawyers remaining in the world of law firms hope to become partners, then equity partners, with fewer and fewer people above them as they go higher. I guess I would have thought the same way if I was there.
But outside the firm there are so many different people, and in a good, open company like this one, you can experience the satisfaction of everyone building a business together from the very beginning. While this has not happened in Tokyo yet, in other places in-house counsels have grown to like business, and one went from being a derivatives lawyer to someone who actually trades in derivatives. Some also move to positions that are not direct, frontline posts but which work very closely with them in an intermediary kind of office, on the one hand watching compliance, on the other using their knowledge of the law to help create products, without actually going and selling them to customers.
If you have an interest in management, there is that as well. If you could put aside for a moment the idea that law firms are the beginning and end of it all, and think a little bit about what you really want to do. But even if I tell law firm people to think, the fact is that they are too busy to know what else there is out there.
Not having Saturdays or Sundays off, working every day from morning till night, you have no time to wonder if this life is not a little strange, and no alternatives in front of you either. Looking back at my own past, I can empathize with people who are in the same situation I was in at that time in my life. That is why it is always pleasure to speak to individuals considering career options because I remember how I wished I had someone to speak when I made my decision to change jobs.

Hsueh Ming Wang

2008-05-26T01:33:00.000-07:00

Hsueh Ming Wang, is a founding member of Goldman Sachs' investment banking business in China and is a managing director. She will become chairman of investment management division based in Hongkong. She will be responsible for business development in China

Paul Walker

2008-05-26T01:23:00.000-07:00

Paul Walker, is a managing director at Goldman Sachs. He studied physics at Cornell and later earned his MS and PhD in physics from the University of Illinois.

Constance A. Wheary and Joy Youtz Scholarship at Cornell

Paul Walker and his wife Jennifer Wheary, have demonstrated their appreciation for their Cornell education by endowing a scholarship for first-generation college students.

He emphasizes that both he and his wife owe much of their personal and professional success to their Cornell education and to their families.

"Our access to Cornell gave us a lot of opportunities," says Walker. "When we realized we were capable of making a large gift, we decided to extend to others opportunities that had been extended to us."

The couple funded the Constance A. Wheary and Joy Youtz Scholarship to honor their mothers, who strongly encouraged their pursuit of college and advanced degrees. Wheary, like her two older siblings, is a first-generation college graduate. Their family relied on their father's workingclass wages at a coal company. Both Wheary's and Walker's families emphasized the value of higher education.

http://campaign.cornell.edu/multimedia.cfm?display=48&player=transcript

John E. Waldron

2008-05-26T01:09:00.000-07:00

John E. Waldron, a Goldman Sachs managing director, bought the 3,332-square-foot, four-bedroom, four-and-a-half-bath apartment(5D0 for $8.7 million on December 13, 2007 in Manhattan's much-heralded newly constructed condo project, 15 Central Park West..

Goldman transferred Waldron, who had been co-head of leverage finance, from New York to London, to co-head its European financial sponsors group.

http://ny.therealdeal.com/articles/a-unit-by-unit-look-at-15-cpw

Thomas A. Wagner

2008-05-26T01:05:00.000-07:00

Thomas A. Wagner, a former managing director at Goldman Sachs, and Cynthia A. Wagner purchased the 3,333-square-foot, four-bedroom, four-and-a-half-bath apartment(4D) for $9.8 million on November 28, 2007 in Manhattan's much-heralded newly constructed condo project, 15 Central Park West.

http://ny.therealdeal.com/articles/a-unit-by-unit-look-at-15-cpw

Kathy Matsui

2008-05-22T20:57:00.000-07:00

Managing Director
Goldman Sachs

She earned a master's degree at the Johns Hopkins School of Advanced International Studies in Japanese Studies. After graduation, Matsui worked for Barclays de Zoete Wedd Securities in Tokyo. Although she was not looking to leave BZW, she joined Goldman Sachs in 1994 as the firm's chief Japan strategist, lured by the firm's global reach. Four years later, she was named a managing director, and in 2000, was invited to join the partnership.

Even before Matsui was ranked No. 1 in Japanese equity strategy by Institutional Investor in 2000 and 2001, she had risen to national prominence with her ground-breaking research piece, "Womenomics." Her thesis was that women, as both highly qualified producers in the work force and as consumers, were the great untapped resource for Japan's struggling economy.

Battle against cancer

Six years ago, after the birth of her daughter and her second top Institutional Investor analyst award, at a point when her personal and professional goals were falling into place, Matsui was diagnosed with stage II breast cancer. She had known she was at risk since her mother and both grandmothers had the disease, but she never expected it to strike her at the age of 36.

As she recovered after treatment, Matsui thought long and hard about returning to her fast-paced life. Members of her support group in California told her she was crazy to consider it--one even went as far as to tell her the stress would make her sick again. But Matsui decided that work would be her therapy.

She returned to work. After six months, she knew she had the strength to take up her former responsibilities, and she felt she would get back to her old form. Final confirmation came on the fifth anniversary of a clean bill of health. Once again, in 2006, Institutional Investor named her Japan's top-rated strategist. And as a woman who has battled cancer, and found a way to have a family and a world-class career while devoting herself to philanthropic causes that span the globe, Matsui admits that, on one level, the award is not what matters. Yet, on another level, "It was exciting to know that I could get back on top. For me it was my Tour de France, my Lance Armstrong."

http://www.forbes.com/2007/11/26/goldman-finance-women-forbeslife-cz_le_flew_1126flewgoldman_4.html

Perry Hoffmeister

2008-05-19T22:51:00.000-07:00

Head Investment management Business, Europe
Lehman Brothers

http://www.efinancialnews.com/homepage/content/2350496208/

April 29 2008

Lehman Brothers announces new head of Investment Management, Europe and the Middle East
Lehman Brothers, the global investment bank, announced the appointment of Perry Hoffmeister as head of Investment Management for Europe and the Middle East.

Mr Hoffmeister will remain a member of the Europe and Middle East Executive Committee and will join the Investment Management Executive Committee.

Mr. Hoffmeister joined the Firm in 1988 in the Media Investment Banking group in New York and was promoted to managing director in 1998. In 2000, he was named co-global head of the Communications banking group, he ran the global communications and media groups from 2003 and in 2004 relocated to London.

Mr.Hoffmeister has been co-head of the Investment Banking Division for Europe and the Middle East since 2004. During this period, the European Investment Banking Division achieved a number of important milestones, including substantial growth in revenues, profitability and league table rankings.

http://www.ameinfo.com/154866.html

George H. Walker

2008-05-19T22:45:00.002-07:00

Global Head of Investment Management
George H. Walker is global head of the Investment Management Division at Lehman Brothers Holdings Inc. In this role, Mr. Walker oversees Asset Management, including Neuberger Berman, Private Investment Management and Private Equity businesses. He is a member of the Firm's Executive Committee.

Previously, Mr. Walker was head of Alternative Investment Strategies for Goldman Sachs Asset Management and a partner of the firm. He served on the firm's Partnership Committee.

Mr. Walker serves as a member of the Board of Directors of Local Initiatives Support Cooperation, a vice chair of the Board of Trustees of The New School and a member of the Board of Overseers of the University of Pennsylvania's School of Arts & Science.

Mr. Walker earned his B.A./B.S. from the University of Pennsylvania and an M.B.A. from the Wharton School.

http://www.lehman.com/who/bios/
20.5.2008

Benoit Savoret

2008-05-19T22:45:00.001-07:00

Chief Operating Officer, Europe and the Middle East
Benoit Savoret is chief operating officer for Lehman Brothers in Europe and the Middle East, a position he has held since May 2007. Mr. Savoret has operational responsibility for overseeing the Firm's activities in the region across all business lines and all geographies. He is also a member of Lehman Brothers’ Executive Committee.

Mr. Savoret joined Lehman Brothers in 1997 in Equity Derivatives Trading. He was appointed global head of Trading for the Firm's Options business in 1999. He became head of the Firm's Asian Equities business in 2000, and in 2002, he was appointed head of European Equity Trading and European Equity Derivatives. In 2004, he was named co-head of European Equities and became sole head from 2006 until assuming his current position.

Prior to joining Lehman Brothers, Mr. Savoret worked for Société Générale in the U.S., U.K. and Asia. His responsibilities in Asia included serving as head of the non-Japan Asia Equity Derivatives business in Hong Kong and Tokyo. He also has experience working in the U.S. options markets in Philadelphia and Chicago in the early 1990s.

Mr. Savoret graduated with an engineering degree from the École Centrale Paris and is a member of its Advisory Committee on Education and Curriculum as well as a member of its Board of Directors.

Thomas A. Russo

2008-05-19T22:44:00.002-07:00

Vice Chairman/Chief Legal Officer
Thomas A. Russo is an executive vice president and the chief legal officer of Lehman Brothers Holdings Inc. Mr. Russo is a vice chairman of Lehman Brothers Inc. He is a member of and serves as counsel to Lehman Brothers' Executive Committee. He is responsible for the Firm's Legal, Compliance and Audit group.

Prior to joining the Firm in January 1993, Mr. Russo was a partner at Cadwalader, Wickersham & Taft and a member of its Management Committee. On multiple occasions, Mr. Russo was listed in the National Law Journal as one of the "100 Most Influential Lawyers in America."

From 1975 to 1977, Mr. Russo was the deputy general counsel of the Commodity Futures Trading Commission and then became the first director of its Division of Trading and Markets. From 1971 to 1975, he was an associate at Cadwalader, Wickersham & Taft. Mr. Russo also worked as an attorney in the Division of Market Regulation of the Securities and Exchange Commission from 1969 until 1971.

He has written articles on topics in the securities, derivatives, commodities and banking fields as well as textbooks on securities law and commodities law.

Mr. Russo is a member of the Executive Committee of the National Board of Trustees of the March of Dimes, vice chairman of the Board of Trustees of The Institute for Financial Markets, and chairman of the Executive Committee of the Board of Trustees of the Institute of International Education, as well as a founder of the Institute of International Education's Scholar Rescue Fund and a member of its Board. Mr. Russo serves on the Board of Governors of the Financial Industry Regulatory Authority. He is also a member of the Federal Reserve Bank of New York's International Advisory Committee and a member of the Committee on Capital Markets Regulation.

A Phi Beta Kappa graduate of Fordham University with a B.A., Mr. Russo earned his J.D. at Cornell Law School and his M.B.A. at Cornell's Johnson School of Management.

Andrew J. Morton

2008-05-19T22:44:00.001-07:00

Global Head of Fixed Income
Andrew J. Morton is global head of the Fixed Income Division at Lehman Brothers Holdings Inc., a position he has held since February 2008. He is a member of Lehman Brothers' Executive Committee.

Mr. Morton joined Lehman Brothers in 1993 as head of Fixed Income Derivatives Research and later ran the U.S. Dollar Derivatives Trading desk. He was named head of the European Interest Rates business in 1999 and co-head of European Fixed Income in 2004. In January 2007 he assumed sole responsibility for the business and in October 2007 was appointed co-chief operating officer of the Fixed Income Division globally.

Prior to joining the Firm, Mr. Morton had an academic career in mathematical finance. He holds a B.Math from the University of Waterloo and a Ph.D. in applied probability from Cornell University.

Hugh E. McGee III

2008-05-19T22:43:00.001-07:00

Global Head of Investment Banking
Hugh (Skip) McGee III is global head of the Investment Banking Division at Lehman Brothers Holdings Inc. He is a member of Lehman Brothers' Executive Committee.

Prior to being named to his current position in 2002, Mr. McGee was head of Lehman Brothers' Global Natural Resources and Power Investment Banking Groups and a member of the Operating Committee of Investment Banking.

Mr. McGee joined Lehman Brothers in 1993 and remains active in energy/power investment banking where he has been focused for more than 15 years. His clients represent all sectors of the energy/power business in both a strategic advisory and financing capacity.

Mr. McGee graduated summa cum laude from Princeton University with a B.S. in systems engineering and received a J.D. with honors from the University of Texas School of Law.

Herbert H. McDade III

2008-05-19T22:42:00.000-07:00

Global Head of Equities
Herbert (Bart) H. McDade III is global head of the Equities Division at Lehman Brothers Holdings Inc., a position he has held since June 2005. Prior to his current position, he served as global head of the Fixed Income Division from 2002 to 2005 and as co-head of the Fixed Income Division from 2000 to 2002. He is a member of Lehman Brothers' Executive Committee.

Mr. McDade joined the Firm in 1983 in Corporate Bond Trading. He was named head of the Firm's Corporate Bond Department in 1991. In 1998, he was named global head of Debt Capital Markets and a member of the Investment Banking Division's Group Head Committee. In 2000, in addition to being appointed co-head of the Firm's Global Fixed Income Division, Mr. McDade was named to the Firm's Operating Committee.

Mr. McDade presently serves on the Board of Directors as well as the Executive Committee of the Securities Industry and Financial Markets Association (SIFMA). Additionally, he is a member of the Board of Directors of the Waterside School and Board of Governors of Winged Foot Golf Club.

Mr. McDade received a B.A. from Duke University and an M.B.A. from the University of Michigan.

http://www.lehman.com/who/bios/

Ian T. Lowitt

2008-05-19T22:41:00.000-07:00

Co-Chief Administrative Officer
Ian T. Lowitt is an executive vice president of Lehman Brothers Holdings Inc. and has been co-chief administrative officer since October 2006. In this role, he is responsible for the global oversight of Corporate Real Estate, Expense and Sourcing Services, Finance, Operations, Productivity and Process Improvement, Risk Management, and Technology.

Prior to his current role, Mr. Lowitt was the chief administrative officer of Lehman Brothers Europe. He has also served as global treasurer and global head of Tax, and chairman of Lehman Brothers Bank FSB, the Firm's Delaware-based savings bank. Before becoming global treasurer, he was the Firm's head of Strategy and Corporate Development.

Mr. Lowitt joined Lehman Brothers in 1994 from McKinsey and Company, where he served as an engagement manager advising clients in a number of industries, including financial services, electronics and information technology.

Mr. Lowitt has a B.Sc. in electrical engineering and an M.Sc. in digital electronics from the University of the Witwatersrand in Johannesburg, South Africa. He also has a B.A. in philosophy, politics and economics and an M.Sc. in economics from the University of Oxford. At Oxford, Mr. Lowitt was a Rhodes Scholar.

http://www.lehman.com/who/bios/
20.5.2008

Stephen M. Lessing

2008-05-19T22:40:00.000-07:00

Stephen M. Lessing is head of Client Relationship Management at Lehman Brothers Holdings Inc., a position he has held since 2002. He is a member of Lehman Brothers' Executive Committee.

Mr. Lessing joined the Firm in 1980 as an associate in the Fixed Income Division. In his 27 years with Lehman Brothers, he has held a number of senior management positions, including head of Global Fixed Income Sales and Research, head of Global Equity Sales and Research, co-head of Global Capital Markets, and head of Private Client Services. In his current role, Mr. Lessing is responsible for senior client relationship management across all of the Firm's businesses.

Mr. Lessing is a member of the Board of Trustees of Fairfield University, a member of the Board of Trustees and Investment Committee of the University of Richmond, a member of the President's Leadership Council of Dartmouth College, a member of the Executive Committee of the Board of Directors of the International Tennis Hall of Fame, a member of the National Advisory Board of Youth, I.N.C., a member of the Board of Trustees and Investment Committee of Cold Spring Harbor Laboratory, a member of the Board of Trustees of the Alfred E. Smith Memorial Foundation and a member of the Board of Directors of The Lehman Brothers Foundation. He is also a member of the Investment Committee and Finance Council of the Archdiocese of New York and a member of the Board of Directors of Lessing's Inc.

Mr. Lessing received his B.A. from Fairfield University, and his M.B.A. from Fordham University.

http://www.lehman.com/who/bios/
20.5.2008

Theodore P. Janulis

2008-05-19T22:38:00.004-07:00

Global Head of Mortgage Capital
Ted Janulis, a managing director, is global head of Mortgage Capital at Lehman Brothers Holdings Inc., a position he has held since April 2006. Mr. Janulis is also a member of Lehman Brothers' Executive Committee.

Mr. Janulis joined Lehman Brothers in 1985 in the Fixed Income Division. Between 1985 and 1996 he held a variety of positions in the division. He was appointed co-head of the mortgage- and asset-backed securities business in 1996, and in 1997, became the sole head of that business. In 2000, Mr. Janulis became co-head of the Firm's Fixed Income Division. In 2002, he was named global head of the Investment Management Division, which includes Private Investment Management, Asset Management and Private Equity.

Mr. Janulis serves on the boards of The Lehman Brothers Foundation, Ronald McDonald House, the Film Society of Lincoln Center and the International Center of Photography.

Mr. Janulis earned his M.B.A. from Columbia University, and holds an A.B. from Harvard College.

http://www.lehman.com/who/bios/
20.5.2008

Jeremy M. Isaacs

2008-05-19T22:38:00.003-07:00

Chief Executive Officer, Europe, Middle East and Asia-Pacific
Jeremy M. Isaacs is chief executive officer for Lehman Brothers Europe, Middle East and Asia-Pacific and a member of Lehman Brothers' Executive Committee.

Mr. Isaacs joined the Firm in 1996 as co-chief operating officer of European Equities and later that year became head of Global Equity Derivatives. In 1997, he was appointed head of European Equities and retained responsibility for the global equity derivatives business. In March 1999, he became chief operating officer, Europe, and, in December 1999, Mr. Isaacs was appointed chief executive officer, Europe. In April 2000, he was additionally named head of the Firm's Asian operations, and has held the role of chief executive officer, Europe, Middle East and Asia-Pacific since then.

Prior to joining Lehman Brothers, Mr. Isaacs was an executive director at Goldman Sachs, a firm he joined in 1989.

In December 2003, Mr. Isaacs was appointed a non-executive director of St Mary's NHS Trust, an internationally recognized center of excellence for medical research, teaching and treatment, and served on the board until its merger with Hammersmith NHS Trust in September 2007. In October 2007 he was appointed a non-executive director of the newly formed Imperial College Healthcare NHS Trust, the first Academic Health Science Centre in the U.K. He is also a member of the board and chairman of The Lehman Brothers Foundation Europe and a member of the British Olympic Association Advisory Board.

Mr. Isaacs is an honorary fellow of the London Business School.

http://www.lehman.com/who/bios/

Jeremy M. Isaacs

2008-05-19T22:38:00.001-07:00

Joseph M. Gregory

2008-05-19T22:37:00.001-07:00

President and Chief Operating Officer
Joseph M. Gregory has been president and chief operating officer of Lehman Brothers Holdings Inc. since 2004 and is a member of Lehman Brothers' Executive Committee.

From 2002 until 2004, Mr. Gregory was the Firm's co-chief operating officer. From 2000 until 2002, he was the Firm's chief administrative officer, and from 1996 to 2000, he was head of the Firm's Global Equities Division, in charge of the overall equities business. From 1991 to 1996, Mr. Gregory was co-head of the Firm's Fixed Income Division. From 1980 to 1991, he held various management positions in the Fixed Income Division, including head of the Firm's Mortgage business. He joined Lehman Brothers in 1974.

Mr. Gregory is chairman of The Lehman Brothers Foundation and oversees the Firm's Diversity and Inclusion initiatives as well as its Leadership programs. He is a member of the National Advisory Board of The Posse Foundation, Inc. and the Board of Trustees of Harlem Children's Zone. He is a trustee of Hofstra University, where he serves on the Finance, Endowment and Investment Committees of the University. Mr. Gregory received his B.A. from Hofstra University.

http://www.lehman.com/who/bios/
20.5.2008

David Goldfarb

2008-05-19T22:35:00.000-07:00

Global Head of Strategic Partnerships, Principal Investing and Risk
David Goldfarb is global head of Strategic Partnerships, Principal Investing and Risk for Lehman Brothers Holdings Inc. and is a member of Lehman Brothers' Executive Committee. He was named global head of Strategic Partnerships, Principal Investing and Risk in October 2006.

As global head of Strategic Partnerships, Principal Investing and Risk, Mr. Goldfarb is responsible for leveraging the Firm's global relationships and overseeing all of the Firm's principal investments, mergers and acquisitions and strategic joint ventures, risk management, and capital deployment. He also oversees the Firm's two internal investment businesses: Global Trading Strategies and Global Principal Strategies.

Mr. Goldfarb was chief administrative officer of Lehman Brothers for two years and, prior to that, served as chief financial officer from 2000 to 2004. Additionally, he served as global controller from 1995 to 2000. Mr. Goldfarb joined Lehman Brothers in 1993. Prior to joining the Firm, Mr. Goldfarb was a senior partner in Ernst & Young's Financial Services practice, where he worked from 1979 to 1993.

Mr. Goldfarb is chairman of the Firm's Pension Trustee Committee. He is a member of the University of Maryland College Park Foundation Board of Trustees and also serves on the Board of Visitors for the University of Maryland Robert H. Smith School of Business.

http://www.lehman.com/who/bios/
20.5.2008

Scott J. Freidheim

2008-05-19T22:34:00.000-07:00

Co-Chief Administrative Officer
Scott J. Freidheim is an executive vice president and co-chief administrative officer of Lehman Brothers Holdings Inc. He is responsible for global oversight of Corporate Strategy; Legal, Compliance and Audit; Corporate Communications, Marketing and Brand Management; Corporate Security; Corporate Services; Diversity; Human Resources; Recruiting; and Talent Management.

Mr. Freidheim is actively involved with the Institute of International Education (IIE, which administers programs including the Fulbright Scholarships), where he is a member of the Board of Trustees and a member of IIE's Scholar Rescue Fund Board of Directors. Additionally, he is a member of the Council on Foreign Relations, a member of the Board of Directors of The Lehman Brothers Foundation, a member of the Board of Trustees of Spelman College, a member of the World Economic Forum's Global Agenda Council and Forum of Young Global Leaders, a member of The Forum of Young Global Leaders of the World Economic Forum, a member of the Executive Advisory Board of Sponsors for Educational Opportunity, a member of Young Presidents' Organization and a member of the Economic Club of New York.

Mr. Freidheim received his B.A. from Northwestern University and his M.B.A. from the Northwestern University Kellogg School of Management.

http://www.lehman.com/who/bios/
20.5.2008

Jasjit S. Bhattal

2008-05-19T22:33:00.000-07:00

Chief Executive Officer, Asia-Pacific
Lehman Brothers

Jasjit S. Bhattal is chief executive officer of Lehman Brothers Asia-Pacific. Based in Tokyo, he is responsible for the strategic development and continued expansion of the Firm's investment banking and capital markets businesses in the Asia-Pacific region. He is a member of Lehman Brothers' Executive Committee.

Mr. Bhattal joined the Firm in 1993. He served as deputy head of Asia Investment Banking from 1995 to 1997, and head of Asia Investment Banking from 1998 to 2000. In 1999, he was made chairman of the Asia-Pacific region, and was appointed to his current position as chief executive officer of Asia-Pacific in July 2000.

Mr. Bhattal received an honors and master's degree in economics from Oxford University as a Rhodes Scholar.

http://www.lehman.com/who/bios/
20.5.2008

Movement of Executives from US Trust

2008-05-16T22:48:00.000-07:00

July 5, 2007

U.S. Trust continues to lose top talent after its acquisition by Bank of America from Schwab.

Morgan Stanley has hired managing directors Robert Stolar, Christine Guidera and Mary Davey to lead its newly formed Family Wealth Group, which will cater to families with net worth of more than $50 million.

The new unit will report to managing director Donald Herrema, head of Morgan Stanley’s Private Wealth Management, Americas. Herrema was hired in April 2006 and charged with growing the firm’s ultra-wealthy business. The industry veteran was previously CEO at Canadian wealth management firm Loring Ward and has held the same position at both Atlantic Trust and Bessemer Trust.

Stolar, who will head the new family wealth group, will also be president of Morgan Stanley Trust, N.A. He joins after 16 years with U.S. Trust, where he last served as head of the Western Region Multi-Family Office Group. He had previously been head of the firm’s Family Wealth Consulting Group.

Guidera, with nine years at U.S. Trust, and Davey, with seven years, were both managing directors in the Multi-Family Office Group. Prior to U.S. Trust, Guidera had worked for Rockefeller Family Office and the Chase Manhattan Private Bank.

In June, Citigroup picked up eight from U.S. Trust’s Washington, D.C. office, along with the manager of the firm’s Long Island office.

US Trust also lost the manager of its Houston office, Joseph Bybee, and two professionals from its Manhattan office, Linda Ludwig and Lisa Marcus.

This week, B of A named senior v.p. and client advisor Larry Bell to head its Houston office.

AFormer U.S. Trust CEO Peter Scaturro and COO Miriam Esteve were slated to leave when the deal closed.

Frances Aldrich Sevilla-Sacasa, whom Scaturro hired in late 2005, and with whom he also worked at Citigroup, is now president of the combined organization.

Sevilla-Sacasa has selected a leadership team that is the optimal mix of experience and talent, he says, drawing from the ranks of both U.S. Trust and B of A. The firm has named five regional directors who will report to Sevilla-Sacasa: Tim Maloney, Central; Alan Rappaport, Great Tri-State; Eric Hayes, Northeast; Doug DiVirgilio, Southeast; and Tracey Warson, West. U.S. Trust CIO Leo Grohowski will stay on as head of investments.

Morgan Stanley has grabbed wealth advisors by the handfuls from its competitors this year, especially on the global ultra-high-net-worth front. In January, it lifted out a $3 billion Latin American markets team from Goldman Sachs. In early February, it lured UBS advisor Kevin Schaefer to the firm’s San Francisco branch and Smith Barney advisor David Greene to its Michigan Capital region. And in April, after hiring six Smith Barney advisors with a combined $800 million in client assets, the firm snared a $1.4 billion practice under Sheila Klehm from JPMorgan Private Bank.

Miriam Esteve

2008-05-16T22:43:00.000-07:00

Miriam Esteve, Managing Director, Goldman, Sachs & Co.

She was COO, U.S. Trust earlier.

Subha Barry

2008-05-16T22:31:00.000-07:00

Managing Director
and Head of Global Diversity and Inclusion
Merrill Lynch

Ms Barry joined Merrill Lynch in 1989 as a Financial Advisor and served as the manager of the Princeton Corporate Campus office and has frequently taught courses at the Merrill Lynch Training Center. In 2001, she created the firm's Multicultural and Diversified Business Development group to help establish Merrill Lynch as the preeminent wealth management firm among diverse and multicultural markets.

http://www.diversityinc.com/public/3285.cfm

David Rosenberg

2008-05-15T23:42:00.001-07:00

David Rosenberg, chief North American economist at Merrill Lynch

Economists

2008-05-15T23:08:00.000-07:00

Economists

Morgan Stanley

R Berner
D Green Law

J Carson Alliance Bernstein

R Dekaser, National City Corporation

R DiClemente, Citigroup

S Gallagher, Societe Generale

E Harris, Lehman Brothers

D Lereah, Natl Assocation of Realtors

J Mell, and T Jian, Eation Corp.

J Prakken, and C Varvares, Macro Advisors

J Ryding, Bear Stearns

W. Wilson, Keystone Business Intelligence India

R. Bhagavatula, Combinatorics Capital

K. Camilli, camilli Economics

L crandall, Wrightson ICAP

S East, Friedman Billings Ramsey

P Kasriel, The Northern Trust

L Kudlow, Kudlow & Co.

R McGee, U S Trust Company

M. Niemira, International Council of Shopping Centers

D Rosenberg, Merrill Lynch

I shepherdson, High Frequency Economics

S Sterne, Economic Analysis

Wardrobe for New Investment Bankers

2008-05-13T01:49:00.000-07:00

Dress yourself in $2000.

Read the interesting post from

http://www.mergersandinquisitions.com/2008/05/12/investment-banking-wardrobe-men/

New York Fed Foreign Exchange Committee Member List 2008

2008-04-27T01:59:00.000-07:00

Foreign Exchange Committee Member List 2008

Shigeru Asai
General Manager and Treasurer
Bank of Tokyo Mitsubishi UFJ
1251 Avenue of the Americas
New York, NY 10020
212-782-4995
sasai@us.mufg.jp
Term: 2008-2011

Anthony Bisegna
Senior Managing Director
State Street Corporation
One Lincoln Street
Boston, MA 02111
617-664-1190
ACBisegna@statestreet.com
Term: 2007-2010

Graham Broyd
Managing Director
RBS Greenwich Capital
600 Steamboat
Greenwich, CT 06830
203-618-6325
Graham.Broyd@rbsgc.com
Term: 2007-2010

David Castle
Managing Director
Standard Chartered Bank
1 Madison Avenue
New York, NY 10010
212-667-0351
david.castle@standardchartered.com
Term: 2007-2010

Robert Catalanello
Managing Director
Calyon
1301 Avenue of the Americas
New York, NY 10019
212- 261-3705
robert.catalanello@us.calyon.com
Term: 2008-2011

Peter Connolly
Executive Vice President
Wells Fargo
1 Front Street
San Francisco, CA 94111
415-396-4591
connolly@wellsfargo.com
Term: 2006-2009

Jeff Feig
Managing Director
Citigroup
390 Greenwich Street
New York, NY 10013
212-723-7618
jeff.feig@citigroup.com
Term: 2005-2008

Rodolfo Fischer
Executive Vice President
Banco Itau S.A.
Av. Eng. Armando de Arruda Pereira
Sao Paulo 04344-902
Brazil
55-11-5029-3780
rfischer@itau.com.br
Term: 2008-2011

Susan Gammage
Executive Vice President
Reuters
3 Times Square
New York, NY 10036
646-223-5252
susan.gammage@reuters.com
Term: 2008-2011

Richard Gladwin
Managing Director
Lehman Brothers
25 Bank Street
London E14 5LE United Kingdom
44-20-7102-9483
richard.gladwin@lehman.com
Term: 2007-2010

Russell LaScala
Managing Director
Deutsche Bank
60 Wall Street
New York, NY 10005
212-250-4203
russell.lascala@db.com
Term: 2007-2010

Michael Leibowitz
CEO
TFS Brokers
East India House
117-119 Middlesex St
London E17JF
United Kingdom
44-20-7198-1550
mleibowitz@tfsbrokers.com
Term: 2007-2010

Richard Mahoney
Executive Vice President
The Bank of New York
32 Old Slip
New York, NY 10286
212-804-2018
rich.mahoney@bnymellon.com
Term: 2005-2008

Frank Manganella
Principal
Handelsbanken
875 3rd Avenue
New York, NY 10022
212-326-5120
frma05@handelsbanken.se
Term: 2007-2010

Stephen Mettler
Managing Director
Morgan Stanley & Co.
1585 Broadway
New York, NY 10036
212-761-0807
stephen.mettler@morganstanley.com
Term: 2008-2011

John Meyer
Global Head of FX Derivatives
UBS
677 Washington Blvd
Stamford, CT 06901
203-719-7700
john.meyer@ubs.com
Term: 2007-2010

John Nixon
Executive Director
ICAP North America
Harborside Financial Center, 1100 Plaza 5
Jersey City, NJ 07311
212-815-9015
john.nixon@us.icap.com
Term: 2008-2011

Daniel O’Sullivan
Managing Director
Unicredit, Bayerische Hypo- und Vereinsbank AG
Moor House, 120 London Wall
London EC2Y 5ET
United Kingdom
44-20-7826-6767
dan.o'sullivan@hvbeurope.com
Term: 2008-2011

Susan Storey
Managing Director
CIBC World Markets
161 Bay Street, BCE Place
Toronto, Ontario M5J2S8
Canada
416-594-7167
sue.storey@cibc.ca
Term: 2007-2010

Jamie Thorsen
Executive Managing Director
Bank of Montreal
115 South LaSalle Street
Chicago, IL 60603
312-845-4107
jamie.thorsen@bmo.com
Term: 2007-2010

Ashok Varadhan
Managing Director
Goldman Sachs & Co.
85 Broad St
New York, NY 10004
212-902-0564
ashok.varadhan@gs.com
Term: 2007-2010

Christopher Willcox
Co-Head of Global Rates and Currency Trading
JP Morgan Chase
125 London Wall
London EC2Y 5AJ
United Kingdom
44-20-7777-9695
christopher.p.willcox@jpmorgan.com
Term: 2008-2011

Federal Reserve Bank of New York
(Ex Officio)
Mari Baca
Executive Assistant
Federal Reserve Bank of New York
33 Liberty Street, 9th Floor
New York, NY 10045
212-720-1707
mari.baca@ny.frb.org

William Dudley
Executive Vice President
Federal Reserve Bank of New York
33 Liberty Street, 10th Floor
New York, NY 10045
212-720-1751
william.dudley@ny.frb.org

Patricia Mosser
Senior Vice President
Federal Reserve Bank of New York
33 Liberty Street, 9th Floor
New York, NY 10045
212-720-6416
patricia.mosser@ny.frb.org

Counsel
Michael Nelson
Counsel
Federal Reserve Bank of New York
33 Liberty Street, 7th Floor
New York, NY 10045
212-720-8194
michael.nelson@ny.frb.org

Ashok Varadhan

2008-04-25T01:02:00.000-07:00

Ashok Varadhan

Managing Director, Goldman Sachs

City: New York
Firm: Goldman Sachs
Age: 33

Considered one of the best young traders on Wall Street, as well as a likely candidate to be among the next crop of Goldman pros bolting for a hedge fund, Varadhan heads up North American interest-rate products, reporting to Philippe Khuong-Huu.

The numbers gene runs in the family: Varadhan’s father, Srinivasa, is an eminent mathematics professor at New York University.
Estimated income: $20–$25 million

Ashok Varadhan
Managing Director
Goldman Sachs & Co.
85 Broad St
New York, NY 10004
212-902-0564
ashok.varadhan@gs.com

http://www.newyorkfed.org/fxc/members/members_current.html

New Appointments in Goldman Sachs

2008-03-28T03:34:00.000-07:00

February 2008
Michael Evans, 50, and Michael Sherwood, 43, were named vice chairmen of the company. Goldman added that Evans and Sherwood would have oversight for the securities division, which trades stocks, commodities, currencies, mortgages, corporate and government debt.

Four co-heads of securities trading division were named. Taking command of an enterprise that generated $27 billion from sales and trading last year are:
David Heller, 41, head of global equity trading;
Harvey Schwartz, 43, head of global securities division sales;
Edward Eisler, 38, global head of macro trading and co-head of emerging markets; and Pablo Salame, 42, co-head of European equities and global co-head of derivatives.

The four join Goldman's top management committee.

Goldman added five other executives to the management committee, which has now expanded to 25 members from 16.

Goldman named two traders;
Richard Ruzika, 48, the global co-head of its special situations group;
Donald Mullen, 49, head of U.S. credit sales and trading.
and three bankers to the committee:
Yoel Zaoui, 47, head of Europe investment banking;
Gordon Dyal, 46, global head of mergers and acquisitions; and
Gwen Libstag, 52, who leads a group that weighs potential conflicts of interest triggered by deals.

Several executives left Goldman sachs in 2007.

Among them was Thomas Montag, a former co-head of the securities division. Scott Kapnick, an investment-banking co-head, last June joined Highbridge Capital Management to launch a private equity fund.

http://www.reuters.com/article/newIssuesNews/idUKN2916103920080229?rpc=77

Gary D. Cohn

2008-03-28T03:23:00.000-07:00

President and Co-Chief Operating Officer
Goldman Sachs

Cohn co-headed the securities trading business earlier

Mark Wienkes, CFA, CFP

2008-03-26T21:49:00.001-07:00

Vice President, Equity Research
Goldman Sachs
212.357.1986
mark.wienkes@gs.com

Mark Wienkes
# 3* among Earnings Estimators
in Media
http://www.forbes.com/lists/2006/26/0H8L.html

Steven Kent, CFA

2008-03-26T21:44:00.000-07:00

Managing Director,
Goldman, Sachs & Co.
(27.3.2008)

Kent is the lodging and gaming analyst at Goldman Sachs. In addition to his responsibilities in North America, he has coordinated the firm’s global analysis of lodging.

He joined Goldman Sachs in 1985 to work in the economic research group. After pursuing post-graduate studies in business economics and finance at Columbia University, he rejoined the firm in 1990 to cover emerging growth companies. In 1995, he assumed his current responsibilities. Kent has been consistently ranked as one of the top analysts in his field by The Wall Street Journal, Institutional Investor, and the Greenwich Survey.

Steve Novik

2008-03-23T01:31:00.000-07:00

Edward Jones
Edward D. Jones & Co., Lp
12555 Manchester Road
Saint Louis, MO 63131-3729
http://www.edwardjones.com

CFO

Steve Novik joined Edward Jones in 1983 as a principal in the
Accounting and Finance area. Since joining the firm, Novik has had
responsibility for all major aspects of the firm’s accounting and
finance functions. He is the chief financial officer and has
responsibility for the firm’s real estate and administrative services.
Prior to joining the firm, Novik was a partner with the national
accounting firm of Main Hurdmann, now KPMG Peat Marwick.

Novik graduated from the University of Missouri–St. Louis in 1972,
earning a B.S.B.A. degree. He received his MBA from Washington
University in St. Louis two years later. Novik is a CPA in Missouri and
Illinois.

http://www.edwardjones.com/cgi/getData.cgi?file=/pdf/bios/novik.pdf

Nelson Chai

2008-03-22T08:53:00.000-07:00

Merrill Lynch

CFO

December 3, 2007
Merrill Lynch & Co. Monday named Nelson Chai executive vice president and chief financial officer.

Chai has been executive vice president and CFO of NYSE Euronext and its predecessor company NYSE Group, Inc., since January 2006 and was CFO of Archipelago Holdings from 2000 to 2005. He will officially join Merrill in one week, on December 10.

Prior to joining Archipelago in June 2000, Chai was senior vice president of business development and a member of the executive committee of Dade Behring, Inc., a manufacturer of medical diagnostics products.

Chai succeeds Jeffrey N. Edwards, who has been Merrill's CFO since 2005. Edwards, who was responsible for the firm's market and credit risk management — including the collateralized debt obligation portfolio that accounted for much of the firm's losses — reportedly offered to resign after CEO Stan O'Neal was ousted in October, but the board declined his offer. The company said he will assume a new operating role at Merrill Lynch, to be announced shortly.

http://www.cfo.com/article.cfm/10239218?f=related

Colm Kelleher

2008-03-22T08:49:00.000-07:00

Morgan Stanley

CFO

Colm Kelleher
Mr. Kelleher, 49, currently Head of Global Capital Markets, joined Morgan Stanley in 1989 and has served in a variety of positions of increasing responsibility in the U.S. and Europe. Mr. Kelleher was Co-Head of Fixed Income in Europe and led that region’s highly successful client coverage group. He also helped establish Morgan Stanley’s leading European Financial Institutions business. Before joining Morgan Stanley, he spent four years at Arthur Anderson in London, UK, where he qualified as a Chartered Accountant in 1983. He graduated from Oxford University.

May 01 2007 | New York

Morgan Stanley (NYSE: MS) today announced that David H. Sidwell, Executive Vice President and Chief Financial Officer, has decided to retire from the Firm at the end of 2007. Colm Kelleher, who currently serves as the Head of Global Capital Markets, will replace Mr. Sidwell. Mr. Kelleher will join the Firm’s Management Committee and report to Chairman and Chief Executive Officer John J. Mack. Christopher Carter, who is currently Vice Chairman of Institutional Securities, will succeed Mr. Kelleher as Head of Global Capital Markets.

Mr. Sidwell, 54, joined Morgan Stanley in 2004. He has played a vital role in developing the Firm’s strategic growth plan and communicating it to the investment community. He also has played an important part in Morgan Stanley’s efforts to improve its risk-taking and capital allocation, which has helped the Firm deliver record financial performance in recent quarters.

Mr. Mack said, “David Sidwell has been a key member of our management team at Morgan Stanley and has helped lead the Firm through a period of significant change. His focus, insight and integrity have earned him tremendous credibility – both within Morgan Stanley and throughout the investment community. David informed me last year of his intention to retire, but agreed to stay on through the end of 2007 to ensure a smooth transition. I am pleased that in the months ahead, he will be working closely with Colm to help continue our positive momentum.”

Mr. Mack continued, “Colm Kelleher has proven himself a major asset to Morgan Stanley over the past 19 years, not only in his current role as Head of Global Capital Markets, but also as Co-Head of Fixed Income in Europe. He has been a leader in building client coverage teams and in advocating the further uniting of equity and debt capital markets. His experience as a business leader, combined with his training and expertise as a Chartered Accountant and his commitment to Morgan Stanley, make him extremely well-suited to serve in this critically important role.”

Mr. Sidwell said, “It has been a privilege to work with the talented team at Morgan Stanley, and play a part in our efforts to re-energize the Firm, improve its financial performance and lay a strong foundation for future profitable growth. Colm Kelleher brings a valuable business and client perspective along with accounting experience to the CFO post, and I look forward to working with him in the months ahead to continue building on Morgan Stanley’s success.”

David H. Sidwell
Mr. Sidwell joined Morgan Stanley in March, 2004 as Executive Vice President and Chief Financial Officer. He came to Morgan Stanley from JP Morgan Chase, where he had worked since 1984. He was the Controller of JPMorgan before its merger with Chase. Prior to that, he spent nine years with PricewaterhouseCoopers, both in New York and London. He graduated from Cambridge University in England in 1975 and is a Chartered Accountant.

http://www.morganstanley.com/about/press/articles/4829.html

Erin Callan

2008-03-22T08:38:00.000-07:00

CFO
Lehman Brothers Holdings Inc.,

Erin Callan is chief financial officer and an executive vice president of Lehman Brothers Holdings Inc., a position she has held since December 2007. Ms. Callan is also a member of Lehman Brothers' Executive Committee.

As chief financial officer, Ms. Callan oversees the Firm's finance organization, including Financial Control, Investor Relations, Planning and Analysis, Product Control, Tax, and Treasury.

Ms. Callan joined Lehman Brothers in 1995. During her tenure at the Firm, she has served in various leadership roles across the Investment Banking Division, including head of the Investment Banking Global Hedge Fund Coverage group. This group was launched to address the changing landscape of asset managers and the increasing strategic significance of hedge funds to investment banks. In this capacity, Ms. Callan was the lead banker for several landmark transactions.

Prior to assuming her hedge fund coverage role in 2006, Ms. Callan led Lehman Brothers Global Finance Solutions group and Global Finance Analytics group. These teams acted as think tanks for the Firm's investment banking practices and developed innovative capital markets solutions for clients.

Before joining Lehman Brothers, Ms. Callan was an associate at the law firm of Simpson Thacher & Bartlett in New York.

Ms. Callan holds an A.B. magna cum laude from Harvard College and a J.D. from New York University School of Law.

http://www.lehman.com/who/bios/
(20.5.2008)

26 Sep 2007
Lehman Brothers, the global investment bank, has announced that Erin Callan will assume the role of Chief Financial Officer.

As CFO, Erin Callan will oversee the Firm’s Finance organization, including treasury, tax and financial control and reporting, and will join the Lehman Brothers’ Executive Committee. She joined Lehman Brothers in 1995 and was named a managing director in June 2000. She is currently responsible for heading Global Hedge Fund Coverage, a new initiative since early 2006 within the Investment Banking Division. Prior to assuming this role, she headed Lehman Brothers’ Global Finance Solutions Group and Global Finance Analytics Group within Investment Banking and has distinguished herself by her deep financial acumen and strong client relationships.

http://www.taxgrotto.com/2007/09/26/eric-callan-new-cfo-at-lehman-brothers/

On risk management and role of CFOs
http://www.cfoasia.com/archives/200803-09.htm

David Viniar

2008-03-22T08:24:00.000-07:00

Goldman Sachs

CFO

22.3.2008

David A. Viniar has been Chief Financial Officer and Executive Vice President of Goldman Sachs Group Inc., since May 1999.

Mr. Viniar has been the Head of Operations, Technology and Finance Division of Goldman Sachs Group Inc., since December 2002.

He serves as Managing Director of Goldman Sachs Group Inc.

Mr. Viniar served as Managing Director and Member of global management committee of The Goldman Sachs Group Inc. He served as Head of the Finance Division and Co-Head of Credit Risk Management and Advisory and Firmwide Risk of Goldman Sachs Group Inc., from December 2001 to December 2002. He was Co-Head of Operations, Finance and Resources from March 1999 to December 2001.
He was Chief Financial Officer of Goldman Sachs Group, LP from March 1999 to May 1999.
From July 1998 to March 1999, he served as Deputy Chief Financial Officer and from 1994 to July 1998, he was Head of Finance, with responsibility for Controllers and Treasury.

From 1992 to 1994, Mr. Viniar was Head of Treasury and prior to that was in the Structured Finance Department of Investment Banking. Mr. Viniaris a member of the Board of Trustees of the Financial Accounting Foundation.

Viniar on risk management [in 2001]

Over the past three years, the Goldman Sachs CFO has developed enhanced assessment models and instituted additional checks and balances. Such meticulous attention to detail earned the 45-year-old finance chief the 2001 CFO Excellence Award for Risk Management. And although Viniar dubs risk management a team effort, he is quick to note that the buck stops with him. "It is my responsibility to know what is going on everywhere in the firm," he says. "If [CEO] Hank Paulson wants to know what our risk is in any area, he shouldn't have to make 10 calls; he should call me."

Lessons from the top cop of risk
http://www.cfo.com/article.cfm/3001277?f=search

September 2007 results announcement
http://us.ft.com/ftgateway/superpage.ft?news_id=fto092020071714434393

Robert Grossman

2008-03-22T04:05:00.000-07:00

March 20, 2008

Robert Grossman to Lead Fitch U.S. Public Finance
NEW YORK--(BUSINESS WIRE)

Fitch Ratings has assigned Group Managing Director Robert Grossman to lead its efforts in U.S. public finance with a special emphasis on reviewing corporate and public finance rating scales.

Robert Grossman, in his present role as Chief Credit Officer, has developed the broadest experience with, and exposure to, company-wide rating scales, definitions, and their usage by investors, regulators, and others. He will focus on the possible 'harmonization' of corporate and public finance ratings or the recognition of why an 'independent' scale is valuable.

'Asking Bob to devote his full attention to this assignment is an indication of our commitment to find a well thought out resolution to this issue,' said Stephen W. Joynt, President and Chief Executive Officer, Fitch Ratings

Group Managing Director Mike Belsky will continue to lead Fitch's public finance business development efforts. It is especially important that Fitch work intently with market participants to transition, reanalyze, and rerate the many financings impacted by the present market illiquidity.

Kennedy, Kevin

2008-03-21T22:56:00.000-07:00

Goldman Sachs

Mr. Kennedy has been Executive Vice President - Human Capital Management of Goldman Sachs Group, Inc. since December 2001.

From 1999 until 2001, he served as a member of the Executive Office.

From 1994 to 1999, he served as head of the Americas Group, in the Investment Banking Division, and, from 1988 to 1994, as head of Corporate Finance.

Mr. Kennedy is a life trustee and a former Chairman of the Board of Hamilton College, a Managing Director and Secretary and Treasurer of the Board of the Metropolitan Opera, a trustee of the New York Public Library, Chairman of the Board of Directors of the Wallace Foundation and an honorary trustee of the Chewonki Foundation.

Richard Gnodde

2008-03-21T22:55:00.001-07:00

Managing Director, Vice Chairman of Goldman Sachs International and Co-Chief Executive Officer of Goldman Sachs International, Goldman Sachs Group Inc.

Richard Gnodde served as President and Managing Director of Goldman Sachs (Asia) L.L.C. since 1999.
Mr. Gnodde joined Goldman Sachs in London in 1987 and served as its Managing Director since 1996.
Mr. Gnodde also served as President of Goldman Sachs (Singapore) Pte Ltd.
He serves as Director of Goldman Sachs Jbwere Pty Ltd. Mr. Gnodde serves as Director of Goldman Sachs (Asia) L.L.C, Goldman Sachs (Asia Pacific) L.L.C, Goldman Sachs (Asia) Securities Limited, Goldman ... Sachs (Asia) Finance, Goldman Sachs Futures (Asia) Limited, Goldman Sachs (China) L.L.C, Goldman Sachs (India) L.L.C, Goldman Sachs (India) Pvt. Limited, Goldman Sachs (Mauritius) L.L.C, Goldman Sachs (Japan) Ltd., Kotak Mahindra Capital Company Limited, Hull Trading Asia Ltd. He served as an Independent Director of Singapore Exchange Ltd. since November 18, 1999. He served as Director of Goldman Sachs Australia Pty Limited, Goldman Sachs Australia Nominees Pty Limited, Goldman Sachs Australia Holdings Pty Limited, (formerly Goldman Sachs Australia Metals) and Goldman Sachs Australia Securities Pty Limited.

He serves as Member of Goldman Sachs Global Management Committee and Member of Advisory Committee of Securities and Futures Commission, HK.

Mr. Gnodde holds a Bachelor of Commerce degree from the University of Cape Town and a Master of Arts degree in Law from the University of Cambridge.

Goldman Sachs Executives

2008-03-21T22:52:00.000-07:00

Mr. Lloyd C. Blankfein , 53
Chairman, Chief Exec. Officer, Managing Director and Member of Shareholders Committee
Mr. Jon Winkelried , 48
Co-Pres, Co-Chief Operating Officer, Director and Member of Shareholders Committee
Mr. Gary D. Cohn , 47
Co-Pres, Managing Director, Co-Chief Operating Officer, Director and Member of Shareholders Committee
Mr. David A. Viniar , 52
Chief Financial Officer, Head of the Operations, Technology & Fin. Division, Exec. VP and Managing Director
Mr. Michael S. Sherwood ,
Vice Chairman, Managing Director and Co-Chief Exec. of Goldman Sachs International

(21.3.2008)

Ellyn A. McColgan - COO - Morgan Stanley GWM group

2008-03-08T16:50:00.000-08:00

Ms. McColgan received a B.A. from Montclair State College in 1975 and an M.B.A. from Harvard Business School in 1983.

Ms. McColgan joined Fidelity Investments in 1990, where she held a succession of executive positions across virtually all aspects of the firm’s distribution businesses. These included fund accounting and custody services, institutional retirement services and institutional investment services. In her most recent role as head of the brokerage company, she led the retail brokerage, mutual fund, correspondent clearing, registered investment advisor, capital markets and family office businesses.

Ellyn A. McColgan Named President and Chief Operating Officer of Morgan Stanley Global Wealth Management Group

Dec 17 2007 | New York

Morgan Stanley today announced that Ellyn A. McColgan has been named President and Chief Operating Officer of the Global Wealth Management Group (GWMG), effective in April, 2008. Ms. McColgan will be a member of Morgan Stanley’s Management Committee and will report to Co-President James P. Gorman, whom she succeeds in the GWMG leadership role.

Ms. McColgan, 53, joins Morgan Stanley after a 17-year career at Fidelity Investments, where she served most recently as President of Distribution and Operations. In this position, she was responsible for the firm’s retail and institutional distribution channels as well as core processing operations in the U.S. and India, representing 21,000 employees and more than $1.5 trillion in client assets under administration. Prior to this, she served as President of Fidelity Brokerage Company, the largest such company in the U.S. based on client assets and accounts.

Ms. McColgan joined Fidelity Investments in 1990, where she held a succession of executive positions across virtually all aspects of the firm’s distribution businesses. These included fund accounting and custody services, institutional retirement services and institutional investment services. In her most recent role as head of the brokerage company, she led the retail brokerage, mutual fund, correspondent clearing, registered investment advisor, capital markets and family office businesses.

Ms. McColgan received a B.A. from Montclair State College in 1975 and an M.B.A. from Harvard Business School in 1983. She served as Co-Chair of the Securities Industry and Financial Markets Association from 2006-2007, is a trustee of the Museum of Fine Arts, Boston, and a former trustee of Babson College. In 2005 and 2006, she was recognized by Fortune magazine as one of the “50 Most Powerful Women in Business.”

http://smis-us-news.blogspot.com/2008/03/ellyn-mccolgan-coo-morgan-stanley-gwm.html

John A Thain CEO Merrill Lynch

2008-03-08T01:33:00.000-08:00

NEW YORK, November 14, 2007 — Merrill Lynch & Co., Inc. (NYSE: MER) today announced that John A. Thain, chief executive officer, director and member of Management Committee of NYSE Euronext, Inc. and former president and chief operating officer of Goldman Sachs Group, has been appointed chairman and chief executive officer of Merrill Lynch, effective December 1.

Mr. Thain, 52, joined the NYSE on January 15, 2004, serving as chief executive officer and a director. Prior to joining the NYSE, he served as president and chief operating officer of Goldman Sachs Group, Inc. since July 2003 and was previously president and co-chief operating officer from May 1999 through June 2003; he had been a director since 1998. He was president and co-chief operating officer of the Goldman Sachs Group, L.P. in 1999. From 1994 to 1999, he served as chief financial officer and head of operations, technology and finance. From 1995 to 1997, he was also co-chief executive officer for European operations.

Mr. Thain is a member of the MIT Corporation, the Dean's Advisory Council — MIT/Sloan School of Management, INSEAD - U.S. National Advisory Board, the James Madison Council of the Library of Congress and the Federal Reserve Bank of New York's International Capital Markets Advisory Committee. He is also a member of the board of Managers of the New York Botanical Garden, a member of the board of directors of the French-American Foundation, a trustee of New York-Presbyterian Hospital and a general trustee of Howard University.

Mr. Thain received an M.B.A. from Harvard University in 1979, and a B.S. degree from Massachusetts Institute of Technology in 1977.

http://www.ml.com/index.asp?id=7695_7696_8149_74412_84736_85585 (accessed on 8.3.2008)

Vikram Pandit CEO Citigroup

2008-03-08T01:15:00.001-08:00

Vikram Pandit

Chief Executive Officer
Citi

Vikram Pandit is the Chief Executive Officer of Citi and chairs the Citi Business Heads, Management and Operating Committees. Before being named CEO on December 11, 2007, Mr. Pandit was Chairman and CEO of Citi's Institutional Clients Group, which includes Markets & Banking and Citi Alternative Investments.

Formerly the Chairman and CEO of Citi Alternative Investments, Mr. Pandit was a founding member and chairman of the members committee of Old Lane, LP, a multi-strategy hedge fund and private equity fund manager that was acquired by Citi in 2007. Upon acquisition, Old Lane's total assets under management and private equity commitments amounted to approximately $4.5 billion.

Prior to forming Old Lane, Mr. Pandit was President and Chief Operating Officer of Morgan Stanley's institutional securities and investment banking business and was a member of the firm's Management Committee.

Mr. Pandit serves on the boards of Columbia University, Columbia Business School, the Indian School of Business, and Trinity School. He is a former board member of NASDAQ, the New York City Investment Fund, and the American India Foundation.

Mr. Pandit earned a PhD in Finance from Columbia University in 1986. He also received an MS degree in 1977 and a BS degree in electrical engineering in 1976 from Columbia.

Pandit serves on the boards of Columbia University, Columbia Business School, India School of Business Hyderabad, India and the Trinity School (NY) (2008). He is a former board member of NASDAQ, New York City Investment Fund, American India Foundation and the Council on US Competitiveness.

http://www.citigroup.com/citigroup/profiles/pandit/index.htm (accessed on 8.3.2008)

http://www.livemint.com/2007/12/12094224/Indiaborn-Vikram-Pandit-is-Ci.html (accessed on 8.3.2008)