Wall Street people moves of the week: Here's a rundown of promotions and new hires at firms like Goldman Sachs, Brevan Howard, and Citi
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Here’s a rundown of news on hires, exits, and promotions from the past week. Are we missing anyone? Let us know.
- Ram Sundaram, a longtime Goldman Sachs executive who led the firm’s currencies and emerging-markets business, has left the firm. The news was first reported by Bloomberg. Sundaram was involved in designing and selling trades Goldman did for the Malaysia development fund known as 1MDB trades, although he was never implicated in the scandal.
- Goldman Sachs hired Swati Bhatia, a former exec at Stripe, as a partner leading the bank’s direct-to-consumer strategy, according to an internal memo viewed by Insider. In the same memo, Goldman also said it is elevating partner David Stark, who helped lead the firm’s Apple Card launch and its acquisition of GM’s credit-card portfolio, to head large partnerships within the consumer division.
- Brevan Howard poached mortgage trader Morad Masjedi from Goldman Sachs, where Masjedi spent 14 years, sources told Insider. Masjedi will run a mortgages-focused portfolio in New York for Alan Howard’s $11 billion fund.
- Gregoire Vidal, formerly at ExodusPoint Capital, is also joining Brevan Howard, per Hedge Fund Alert. Vidal led business development for quantitative strategies at ExodusPoint.
- Goldman Sachs is making moves in its human resources diversity and inclusion team. Chief Diversity Officer Erika Irish Brown’s mandate has been expanded to include advising the firm’s businesses on inclusive best practices, according to a memo seen by Insider.
- Megan Hogan, meanwhile, Goldman’s head of diversity recruiting, will now oversee the acquisition, promotion, and retention of diverse professionals across the bank.
- Also within human resources at Goldman Sachs, the firm promoted head of Employee Relations Aime Hendricks to additionally lead its business partner team, per the same memo. UK-based James Fulton, the chief learning officer and global head of talent development, will now also serve as head of the talent group.
- JPMorgan has hired Chuka Umunna, a former member of parliament in the UK and the former head of European, Middle East, and Africa ESG consulting at PR firm Edelman, as its new head of ESG in Europe, according to Financial News.
- Japanese banking giant MUFG will have a new leader of its Americas business as of April. Kevin Cronin will take over the role as head of MUFG Union Bank, the bank announced. Cronin has spent nearly a decade at the firm, most recently as head of the corporate and investment bank in the Americas.
- Jeremy Balkin, HSBC’s head of innovation for the firm’s US business, has left the firm, Insider has learned. Balkin helped launch the Softbank-created banker robot Pepper in select HSBC branches in 2019.
- Meanwhile, Daniel Klier, HSBC’s head of sustainable finance, will become the president of sustainable investment advisory firm The Arabesque Group effective in June, the firm announced. Klier will also become the CEO of Arabesque S-Ray, the firm’s quantitative, ESG data provider business.
- Multi-strategy fund Verition has hired away Stan Liberman from Centiva Capital, according to Hedge Fund Alert. Liberman has a 20-year background in managing credit strategies.
- Wells Fargo is adding legal firepower as it brings on top lawyers from three of the bank’s largest competitors, per reporting at Bloomberg Law. Bert Fuqua of Barclays, JPMorgan’s George Thompson, and Tangela Richter of American Express are all joining Wells as deputy general counsel in charge of corporate and investment banking, consumer lending, and enterprise functions, respectively.
- Carolina Campbell, a former managing director and partner at Evercore ISI who oversaw the firm’s investor relations team, will now be leading the Context Family Network, a network of single-family offices.
- Bank of America’s former co-head of healthcare investment banking in the Americas has a new role: Charlie Newton is now the CFO of Lyell Immunopharma, a biotech firm focused on developing cancer-related immunotherapies.
- Marcus Martin, formerly the CEO and founder of Global Oak Capital Markets, has joined US Bank as a managing director and new head of ESG in fixed income and capital markets.
- Citi Private Bank has promoted longtime exec Kristen Bitterly Michell as its regional head of investments for North America. Bitterly Michell was formerly Citi Private Bank’s head of capital markets, according to Citywire.
- Jon Winkelried, former co-president of Goldman Sachs and current co-CEO of TPG, is joining the board of financial data startup MX, per reporting in CNBC. He’s joined by Mike Zappert, a parter from TPG, as well as Derek Zanutto, a general partner at CapitalG, Alphabet’s growth venture fund. MX last raised money in December at a $1.9 billion valuation.
- Citi has elevated two managing directors, Michael Marcus and Michael Quadrino, to co-head their North America Global Asset Managers Sponsors team, per an internal memo seen by insider.
Reed Alexander, Shannen Balogh, Dakin Campbell, Meredith Mazzilli, Alex Morrell, and Bradley Saacks contributed reporting.
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