Must-know promotions, exits, and hires at firms like Credit Suisse, JP Morgan, and Grayscale

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

• Alice Milligan, who was previously E-Trade’s chief customer officer, was recently named Morgan Stanley‘s chief marketing officer, co-president Andy Saperstein told employees Wednesday in a memo reviewed by Insider. Milligan takes the reins from Audrey Choi, who has run both marketing and sustainability for Morgan Stanley. Choi will now focus on her role as chief sustainability officer.
  • Morgan Stanley added several E-Trade executives to its wealth management division’s leadership team, including Chad Turner who will now lead the digital direct business, and Mike Curcio who will set the long-term strategic development of the combined business.
• Credit Suisse has hired HSBC’s Truls Engebretsen as a senior credit trader. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider.
  • HSBC, in turn, poached 8 traders to its US credit trading division from Credit Suisse. Christopher Bathon, a managing director and 11-year veteran on the firm’s investment-grade credit desk, has been hired as the new leader of high-grade credit trading in the US, and joining him in corporate bond trading, sources told Insider, are Christoper Schuville, Mike Malloy, and Marshall Peters.
• Cowen poached Jenny Killeen as its new head of human resources from MSD Capital, Michael S. Dell’s family office, where she spent five years as a managing director, per a press release this week.
• Raymond James just hired Ryan Kaeding as managing director of medical technology investment banking, per his Linkedin. Prior to joining Raymond James, Kaeding worked at Piper Sandler as a director in healthcare.
• Katherine Fogertey will join Shake Shack as its new chief financial officer on June 14th, according to a press release. Fogertey spent 15 years at Goldman Sachs, where she was most recently lead research analyst covering the restaurant sector.
• Crypto asset manager Grayscale InvestmentsnamedDeborah Bussière as its new chief marketing officer. She joined the firm from Broadridge Financial Solutions, where she served in the same role.
• JPMorgan has hired Goldman Sachs and Wells Fargo executives to lead its new growth equity team called JPMorgan Private Capital, the firm announced Monday. The group, which is based in JPMorgan’s asset management business, will help institutional and high-net-worth clients find opportunities to invest in young companies.
  • Christopher Dawe, previously co-head of private investments at Goldman Sachs, will lead Private Capital’s technology and consumer growth equity business.
  • Osei Van Horne will lead the team’s investment across industries and will focus on ESG. Previously, Van Horne was a managing director at Wells Fargo and a founding member of the bank’s strategic capital technology division.
  • Brian Carlin, former head of wealth management solutions, heads the group, and Rick Smith, who previously led private investments, will be the group’s chairman.
  • Meg McClellan will lead private debt. The Private Capital group will report to Anton Pil, global head of alternatives.

• Deutsche Bank announced Wednesday the promotion of two senior bankers, Ben Darsney and Justin Smolkin, to co-heads of equity capital markets in the Americas within its investment bank, according to an internal memo sent by Jeff Bunzel, global co-head of ECM, that was reviewed by Insider. Darsney joined the bank in 2010 and has led operations on its syndicate desk, while Smolkin joined Deutsche Bank in 2017 and has been deeply involved in building out the firm’s TMT and ECM practices.
• Deutsche Bank also hired veteran Credit Suisse trader Michael Lattarulo to a senior trading role, where he’ll focus on investment-grade financial institutions, sources familiar with the matter told Insider.

Meredith Mazzilli, Rebecca Ungarino, Carter Johnson, Reed Alexander, and Alex Morrell contributed to this report.