- Insider is compiling Wall Street people moves each week.
- Get the latest industry intel here.
- Visit the Business section of Insider for more stories.
Here’s a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
- The Teachers Insurance and Annuity Association of America, also known as TIAA, announced the appointment of Thasunda Brown Duckett as its next president and CEO. She will join the firm on May 1 from her current employer, JPMorgan Chase, where she has served as CEO of Chase Consumer Banking. At TIAA, Duckett will succeed Roger Ferguson, who is departing the firm after 13 years as chief executive. JPMorgan Chase has not announced a replacement for Duckett. JPMorgan co-president and COO Gordon Smith said in an internal memo on Thursday that, in the meantime, leadership of the consumer bank will report in to him and that the firm will announce plans around succession shortly.
- Goldman Sachs announced the retirement of Colleen Foster, global head of the commodities finance solutions team, in an internal memo to staff viewed by Insider. Foster worked in both the investment banking and global markets divisions. Previously, she had been global head of commodities sales, and held a variety of other roles throughout the firm.
- Goldman Sachs has appointed Margaret Chinwe Anadu as global head of sustainability and impact within its asset management division, according to a memo viewed by Insider. Anadu, who was previously head of the firm’s urban investment group, will help to spearhead the delivery of client advisory services and solutions pertaining to arenas like inclusive growth and climate transition.
- Goldman Sachs named Sherry Wang and Daniel Alger as new co-heads of the urban investment group within the asset management division, according to an internal memo viewed by Insider. Both Wang and Alger will join the firmwide sustainable finance group steering group. The urban investment group has pledged more than $10 billion to a variety of investments across real estate, consumer and small business finance, and social enterprises, the memo said.
- Majid Sebti, a Goldman Sachs managing director based in London, left the firm this week, according to people familiar with the matter. Sebti was a sales engineer in the fixed-income unit of the firm’s global markets division. He’ll be joining a former Goldman colleague at a startup focused on the media tech industry, said one of the people, who read an exit email Sebti sent to his colleagues.
- At Bank of America, Garry Collins is out after a little more than two years at the firm, and is returning to his former professional home: Credit Suisse. Collins was Bank of America’s head of capital introduction. Insider first reported earlier this week that he will return to the Swiss firm where he previously worked for more than a decade before joining BofA in 2018. Collins will work on hedge fund origination under Alex Englander, head of equity sales in the Americas, according to a source familiar with the situation.
- Courtney Campbell also departed Bank of America this week to join Credit Suisse as a managing director. At Credit Suisse, Campbell will run the firm’s international Delta One stock-loan business for its US clients, a source familiar with the matter told Insider. At Bank of America, Campbell had held the title of managing director in equity synthetics and securities lending, a role which she was in since 2019, according to her LinkedIn profile.Bloomberg first reported the news of Cambpell’s move to Credit Suisse.
- At Pimco, Kimberly Stafford, a managing director at the giant asset manager who has led its Asia-Pacific region since 2017, will return to the firm’s Newport Beach, California headquarters in mid-2021, according to an internal memo viewed by Insider. She’ll take up the newly created position of global head of Pimco’s product strategy group. Managing director Alec Kersman, who has led strategic accounts for US global wealth management, will replace Stafford’s role as head of Asia-Pacific.
Stafford, who joined Pimco in 2000, will also replace the role former funds board chairman Brent Harris held before he left the firm last year. She and Kersman will both report to Pimco Chief Executive Emmanuel Roman.
- Zach Kurz, a former Forbes’ 30 under 30 member and deputy CIO for PointState, is starting his own hedge fund, sources told Insider this week. He has become another big name to leave PointState. Kurz’s new firm will be called Pinnbrook Capital, and is expected to start trading April 1 with $500 million. Sources told Insider the new firm has an anchor investor that is pumping in roughly half of the firm’s starting capital. Other members of the Pinnbrook Capital team include former Scoggin Capital portfolio manager Jared Lubetkin as the head of equities and former MSD capital analyst Jerome Khohayting as the head of technology, media, and telecomm investing.
- Maverick Capital executive Andrew Warford is leaving the $9 billion hedge fund. Warford, chairman of the firm’s stock committee and de facto head of the fund, is departing after 18 years, Insider reported. He was tapped to head up the stock committee in 2012 and became a managing partner in 2013 as Lee Ainslie, Maverick’s billionaire founder, gradually stepped back and delegated more power. Sources tell Insider that Warford will run his family office from Minnesota.
- Finix, a payments startup, has hired three new execs, according to a recent announcement. Fiona Taylor joined Finix as COO. She was most recently SVP of Operations at fintech Marqeta, and previously worked at Tesla and Visa. Ramana Satyavarapu joined Finix as CTO. He previously led engineering at Microsoft, Google, Uber, and Two Sigma. Adam Boushie joined Finix as SVP of Revenue. He was most recently CRO at Gloo, and held sales leadership roles at Marqeta and Google.
- Green Dot Corporation, a fintech that enables a variety of payments and banking services, announced this week that Amit Parikh, an Apple veteran, is joining the firm as the new executive vice president of its banking-as-a-service division. He will head up the company’s efforts to deliver program management and tech services to a variety of consumer and tech businesses that utilize Green Dot’s services, the company said in a press release.
- The Federal Reserve System announced on Monday that Sunayna Tuteja has joined as a senior vice president and its first chief innovation officer, according to a statement from the Richmond Fed. Tuteja had been at TD Ameritrade since 2008, most recently serving as its head of digital assets. The announcement is a reflection of the growing importance of digital assets and technology in the broader financial system.
- Tara Latini, head of wealth and personal banking for HSBC in Malaysia, will relocate to New York to take on a new role beginning April 1 as the lender’s head of wealth and personal banking in North America, subject to US board approval, a representative for HSBC told Insider. The news was prompted by the departure of Pablo Sanchez, the executive who has held that role since 2015. Latini, who first joined HSBC in 2004, has worked in multiple regions for the global bank, including Europe and previously New York, where she led the US branch network. Bloomberg first reported the move earlier this week.
Shannen Balogh, Dakin Campbell, Dan DeFrancesco, Carter Johnson, Meredith Mazzilli, Alex Morrell, Bradley Saacks, and Rebecca Ungarino contributed reporting.
Leave a Reply
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
