Finance

Must-know promotions, exits, and hires at firms like Credit Suisse, Blackstone, and Millennium

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

  • Credit Suisse appointed David Wildermuth to be chief risk officer and a member of the executive board, the firm announced Tuesday. Wildermuth previously spent 24 years at Goldman Sachs, most recently as the deputy chief risk office. His hire comes nearly months after former chief risk officer, Laura Werner, stepped down immediately following the Archegos scandal. Interim chief risk officer Joachim Oechslin will remain in his role until Wildermuth joins the firm, which will be no later than February 1.
  • Borzu Masoudi, head of equity macro derivatives at JPMorgan, resigned to join Millennium Partners, Insider reported. Masoudi, who joined JPMorgan three years ago from Goldman Sachs, will be a portfolio manager under Millennium’s growing volatility-trading business.
  • John Collmer joined Citi as its new global head of private capital markets within the equity capital markets group, according to a memo reviewed by Insider. Collmer comes to Citi from Bank of America, where he was the firm’s global head of private capital markets.
  • Private equity giant Blackstone made two key hires this week.
    • The firm announced the appointment of Brian Tierney, former CFO and 23-year veteran of American Electric Power, as senior managing director and global head of infrastructure portfolio operations and asset management on Monday.
    • Stevi Petrelli also joined as managing director and head of Blackstone Innovations Investments (BXI Investments) from Goldman Sachs‘ Firmwide Strategy team, the firm announced Tuesday.
  • Bank of America hired Uday Malhotra from Goldman Sachs to be head of leveraged finance origination for EMEA, Financial News reported Friday. Malhotra was previously a senior dealmaker at Goldman and was also its head of leveraged finance origination for EMEA.
  • Multiple senior ExodusPoint employees have departed the $13.5 billion fund, Insider reported Wednesday:
    • Sonny Baillargeon, the global head of infrastructure, and Anil Chandroth, the head of data science, have both left the firm. It is unclear where they’re headed or who will replace them, but the two were part of the leadership team for the firm’s 158 tech employees.
    • Quant portfolio managers Ryan Sandor and David Qian are also departing the firm. Sandor is heading to Citadel‘s New York office in October, where he’ll be an index rebalancing portfolio manager, while Qian is joining Balyasny Asset Management, according to Hedge Fund Alert.
  • Robert Wall joined Lazard Asset Management from investment manager Federated Hermes, Axios reported. Wall, who will be based in London, starts at Lazard as managing director and head of sustainable private infrastructure in October.

Meredith Mazzilli, Reed Alexander, Alex Morrell, and Bradley Saacks contributed to this report.

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