Must-know promotions, exits, and hires at firms like Goldman Sachs, JPMorgan Chase, and Citi
Summary List PlacementHere’s a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
Michael Daffey, who until March 31 was the head of Goldman Sachs’ global markets division, has joined digital-currency investment firm Galaxy Digital Holdings as chairman, replacing Mike Novogratz, the company announced. Novogratz will remain Galaxy’s CEO. In March, Insider broke the news that Daffey was the mystery buyer of Jeffrey Epstein’s $51 million Upper East Side mansion, in large part bought with Daffey’s proceeds from crypto holdings. Galaxy is reportedly preparing for a US IPO planned for later this year.
Goldman Sachs’ global head of corporate communications, Jake Siewert, is leaving the firm after nine years, according to an internal memo sent by CEO David Solomon and top executives that was viewed by Insider. Siewert will be joining Warburg Pincus where he’ll work in a policy role and be reunited with Warburg President Timothy Geithner, with whom Siewert worked at the US Treasury. Siewert also served as the last White House Press Secretary under President Bill Clinton and was a top executive at Alcoa.
Goldman Sachs also announced the appointment of Andrea Williams as the firm’s head of media relations in a memo sent by Corporate Secretary John F.W. Rogers and viewed by Insider. Williams will join Goldman in May as a managing director from Howard Marks’ Oaktree Capital Management, where she led the hedge fund’s corporate communications.
JPMorgan Chase has poached top executives from Goldman Sachs, Google and Wells Fargo to help lead its consumer and community banking (CCB) team, Insider reported.
Sonali Divilek, formerly head of product at Goldman Sachs’ Marcus, will join the CCB team as head of digital channels and products.
Google’s Sumit Gupta will join as CCB’s new chief design officer, having formerly served as a global director in digital marketing and ecommerce.
The CCB team also hired Kaaren Hanson, a Wells Fargo executive vice president in experience design, as its new head of consumer experience and personalization.
Carlyle named Brian Bernasek as its next co-head of US buyout and growth, Insider reported. Bernasek, who currently head’s the private-equity giant’s global industrial and transportation team, has been at Carlyle since 2000. He is taking over for Peter Clare, the firm’s chief investment officer for corporate private equity and a member of the firm’s board of directors, and he will lead the US buyout and growth team with current co-head Sandra Horbach. Clare will remain in his CIO role, and take on a new title as chair of the integrated US buyout and growth team as well.
In Citigroup CEO Jane Fraser’s first major strategy overhaul, the bank is exiting 13 consumer markets across Asia and EMEA (Europe, the Middle East, and Africa) to focus on wealth management. As part of the move, Citi announced new leadership across its wealth management division, Insider reported.
Ida Liu, most recently head of Citi’s private banking franchise in North America, has been named the global head of private banking.
Fabio Fontainha, head of retail banking for Asia Pacific, and Steven Lo, head of the private bank in Asia, have been named co-heads of wealth in Asia.
Luigi Pigorini, most recently Citi’s head of private banking in EMEA, will now head Citi’s wealth management business in the region.
Citi has promoted Jill Evans and Jolene Han Berg to be global co-heads of client engagement and marketing for securities services, according to an internal memo reviewed by Insider. In their new roles, Evans will focus on the investor client segment — asset managers, insurers, and asset owners — while Han Berg will focus on the financial institution clients — banks, broker-dealers, wealth managers — the memo said.
Matt Harris, a partner at Bain Capital Ventures, was appointed as a new member of the Federal Reserve Bank of New York’s Fintech Advisory Group. The Fintech Advisory Group connects Fed leaders with senior representatives and thought leaders from the finance and technology industries.
Phil Sieg, currently the head of practice management at JPMorgan Wealth Management, has been named the CEO of JPMorgan Advisors, the firm’s group of brokers for high-net-worth clients. The news was announced in an internal memo from wealth management CEO Kristin Lemkau that was viewed by Insider. Sieg, who joined JPMorgan a year ago, has a long track record in wealth management encompassing 30 years spent at Merrill Lynch. Sieg is replacing Chris Harvey, who is moving to a new role at JPMorgan overseeing lead generation across wealth management, reporting to Lemkau. The search for Sieg’s successor at JPMorgan is underway, Lemkau added.
Julia Unger, former Citi head of global cards and unsecured lending, joined Walmart on Monday as its new vice president of financial services. Unger, who spent over two decades at Citi, will report to Walmart’s executive vice president and Chief Customer Officer Janey Whiteside. Earlier this year, Walmart poached two executives from Goldman Sachs’ Marcus, David Stark and Omer Ismail, to deepen its foothold in the fintech space.
Bridgewater Associates’ people and talent leader Jen Vanderwall is joining Capitolis, a SaaS fintech platform that just raised $90 million in Series C funding led by Andreessen Horowitz. Vanderwall, who was a member of Bridgewater’s core management team, will serve as the company’s new chief people and culture officer, Capitolis announced on Tuesday.
KKR appointed two new managing directors to its global infrastructure team on Monday. Energy transition industry veterans Tim Short and Benoit Allehaut join the KKR team from Capital Dynamics, where they both served as managing directors on the clean energy and infrastructure team.
San Francisco-based venture firm General Catalyst has nabbed Paul Kwan, a top Morgan Stanley tech banker, to support GC’s coverage of internet, software, and health assurance companies, the firm said in a press release. At Morgan Stanley, Kwan was most recently the head of west coast technology banking, where he led M&A and IPOs across tech companies, including Livongo’s $18.5 billion tie-up with Teladoc Health last year. Kwan was at Morgan Stanley for more than 21 years, during which time he’s been based in the bank’s Menlo Park office.
Circle, a blockchain-powered fintech unicorn, announced it has hired Dante Disparte as chief strategy officer and head of global policy. Disparte comes to Circle from Facebook’s Diem Association, formerly known as Libra, where he served as executive vice president. Disparte, who led engagement with government and financial industry leaders at stablecoin Diem, will oversee Circle’s global expansion efforts.
Smith College announced it is getting its very first chief investment officer. Lisa Howie, a 12-year veteran of the Yale University Investments Office, is leaving her position as director there to lead the Smith College endowment.
David Ryan, the former head of US CLO Syndication at Deutsche Bank, has left his position after 17 years with the bank, GlobalCapital reported Monday. His new role is unknown.
Hedge fund Brevan Howard has hired Gurpreet Singh to be its new chief technology officer for Alpha Strategies, Insider reported. Singh joins from Point72 Asset Management, where he was CTO of its quant-trading group Cubist.
Joe Brucchieri has departed Carlson Capital, where he was chief legal officer. Insider reported. His exodus comes as multiple top executives have left the hedge fund recently. Nicole Mascera, head of HR; Whitney Fogle Lewis, deputy chief legal officer; and Jehan Akhtar, chief risk officer, also departed. Their new roles are unknown.
The head of Goldman Sachs’ LIBOR transition efforts and a managing director for corporate treasury, Jason Granet, is retiring, Bloomberg reported Wednesday. Granet, who had been at Goldman for more than 20 years, has been in the top LIBOR transition spot since September 2018 and before that was deputy head of the firm’s liquidity solutions team in the asset management sector.
Wells Fargo is searching for a new head of human resources. In a press release, the bank said that David Galloreese, Wells’ head of HR who joined in 2018, is departing on April 23. He’ll be replaced in an interim capacity by Kleber Santos, Wells Fargo’s head of diverse segments, representation and inclusion, while the bank searches for Galloreese’s replacement.
Melissa Baal Guidorizzi, formerly the senior counsel for policy and strategy in the Consumer Financial Protection Bureau’s enforcement division, has joined international law firm O’Melveny, the firm said in a press release. Before spending eight years at the CFPB, Guidorizzi was the COO of the National Summer Learning Association and also associate general counsel at Citi. At O’Melveny, she has joined the firm’s financial services and fintech practice.
Moran Forman, a managing director on Goldman Sachs’ index derivatives trading desk, is leaving the firm, according to efinancialcareers. Forman had been at Goldman for nine years, prior to which she’d worked in index derivatives at JPMorgan Chase.
Alex Catterick, formerly the head of alternative investments in the Americas at HSBC, has joined Manulife Investment Management, according to Wealth Advisor. At Manulife, Catterick will now oversee the company’s high-net-worth strategy in private markets. Prior to working at HSBC, Catterick was a director in alternative investments at Barclays.
Jae Yang, previously a vice president at Goldman Sachs, has joined Steve Cohen’s Point72 Asset Management as of April to head business development in Japan, according to Hedge Fund Alert. Yang had been at Goldman for more than 19 years.
Reed Alexander, Dakin Campbell, Dan DeFrancesco, Meredith Mazzilli, Alex Morrell, Bradley Saacks, and Rebecca Ungarino contributed to this report.Join the conversation about this story » NOW WATCH: Here’s where you should really go to stay safe during an earthquake
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