Must-know promotions, exits, and hires at firms like BlackRock, JPMorgan, Citadel, and Goldman Sachs
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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.
- Goldman Sachs named a new head of investor relations. Carey Halio is stepping into the role, according to a memo viewed by Insider sent by Goldman CEO David Solomon, President John Waldron, and chief financial officer Stephen Scherr on April 1. Previously, Halio had been the CEO of Goldman Sachs Bank USA, the firm’s direct-banking arm, and deputy treasurer of the firm since 2019. She was named partner in 2016. In her new role, she will join Goldman’s executive office, reporting to Scherr and executive vice president John Rogers.
- Meanwhile, Beth Hammack, currently the global treasurer of Goldman Sachs, will take on an additional role as CEO of Goldman Sachs Bank USA, the firm also said in a memo viewed by Insider. Hammack was named a partner in 2010, and sits on several firmwide committees, including the management committee.
- Goldman Sachs Asset Management announced Milton Millman, who was previously chief operating officer of the asset management division, will become chief risk officer, according to a memo viewed by Insider sent on April 1 by Julian Salisbury, global co-head of the asset management division. Millman, a partner since 2008, will continue to serve on a number of firmwide committees including those for investment policy, risk, and operating risk and resilience.
- Goldman Sachs Asset Management also announced the appointment of Heather Kennedy Miner as the division’s next chief operating officer, Salisbury wrote in a second memo on April 1 viewed by Insider. Miner, a partner since 2018, was previously the firm’s head of investor relations. Prior to that, Miner was global head of strategic advisory solutions within the asset management division. She will retain her role on several firmwide committees, including those for asset liability, sustainability, and inclusion and diversity in the Americas.
- BlackRock has hired Paul Bodnar as global head of BlackRock Sustainable Investing, overseeing sustainable research, analytics, product development, and the way the firm integrates ESG factors into investment decisions, according to a press release. Bodnar, a veteran of the Obama administration, was most recently managing director and chief strategy officer at Rocky Mountain Institute, a non-profit organization that works with organizations to transition to clean and sustainable energy systems. He will replace Brian Deese, who previously led sustainable investing at the New York-based asset manager. Deese left to join the Biden administration and head the National Economic Council.
- JPMorgan has hired five execs on its Innovation Economy team, which includes the investment bank’s technology and disruptive commerce (TDC) as well as its VC-focused teams, Insider reported. Carly Kiser, Sarah Peluso, Paula Root, and Navid Shahrestani joined from Silicon Valley Bank. Jordan Litke joined from Bank of America, where she was most recently a relationship manager focused on technology and middle market companies. Kiser, Litke, Peluso, and Root will join JPMorgan as executive directors on the TDC team. Shahrestani joins as an executive director on the VC team.
- dLocal, the $5 billion emerging-markets payments fintech, hired JPMorgan’s head of fintech investment-banking, Sumita Pandit, as chief operating officer, the company said in a press release dated April 2. dLocal has also promoted its former COO Jacobo Singer to president. Pandit will report to Singer and CEO Sebastian Kanovich.
- A trio of former government officials have agreed to advise the crypto-investing arm of One River Asset Management, a Connecticut-based hedge fund with approximately $2.5 billion in assets. The fund announced that Jay Clayton, Kevin Hassett, and Jon Orszag will become new members of its Academic and Regulatory Advisory Council, effective immediately. Clayton formerly chaired the Securities and Exchange Commission under President Donald Trump until December. Hassett was chairman of the White House Council of Economic Advisers under Trump. Orszag was an advisor to President Clinton’s National Economic Council.
- Another former top leader at the SEC is also headed to a high-level job in crypto: Brett Redfearn, formerly the director of the regulator’s division of trading and markets until last December, has been hired by Coinbase to run the crypto platform’s capital markets division, according to The Wall Street Journal.
- Ken Griffin‘s Citadel Securities has appointed Heath Tarbert as its new chief legal officer, according to Bloomberg. Tarbet, who will be based in Chicago, previously served as chairman of the Commodity Futures Trading Commission until January and left the regulator within the past month. Before joining the CFTC, Tarbert held several high-ranking roles at the US Treasury and was a partner at the international law firm Allen & Overy, in its Washington, D.C., office.
- Thad Davis, formerly the head of US healthcare investment banking at HSBC, has joined SVB Leerink as a senior managing director, the firm announced. Davis will be based in New York and help lead SVB Leerink’s leveraged finance business, reporting to Barry Blake, global cohead of investment-banking.
- BTIG has hired Biju Kurian as a new managing director in its technology, media, and telecommunications investment-banking group, the company said in a press release. He will report to Matt Clark, BTIG Investment Banking’s chief operating officer. Previously, Kurian was a director in investment-banking at Stifel, where he concentrated on financial sponsors coverage, and earlier spent time at Deutsche Bank, W.R. Hambrecht, and SoundView Technology Group.
- B. Riley Securities, Inc., a Los Angeles-based boutique investment bank, is expanding its equity research division, the company announced in a press release on April 1. David Bain, Matthew Howlett, and Kalpitt Patel are new hires. Bain, who holds a juris doctorate and MBA and was previously an entertainment attorney, comes from ROTH Capital Partners and will be a senior research analyst in Los Angeles. Howlett previously worked at firms including Nomura, Wolfe Research, UBS, and Macquarie Group; and will be a senior research analyst in New York. Patel, who holds an MBA, was a director in biotech equity research at Oppenheimer & Co. and will be a healthcare research analyst in New York.
- Meanwhile, in addition to those hires, B. Riley Securities, Inc. also announced the promotions of two existing members of its equity research team: Marc Wiesenberger, CFA will become a senior research analyst. Daniel Day, CFA has been promoted to research analyst focusing on media and communications, the company added in the press release.
- KPMG has promoted Judd Caplain to oversee the accounting giant’s global financial services division, the firm announced. Caplain has been at KPMG for 20 years and was previously in charge of the consulting firm’s global capital markets and investment-banking franchise. He succeeds Jim Liddy, who’s retiring after spending more than 40 years at KPMG.
- Bailard, a San Francisco Bay Area-based wealth management and investment firm with nearly $5 billion in assets under management, announced in a press release on April 1 that Sonya Mughal has become the firm’s new chief executive officer. Previously, Mughal was Bailard’s chief operating officer and chief risk officer. Mughal will retain her role as a portfolio manager for the company’s all-cap growth/technology and science equity strategy.
- Bailard announced several additional appointments in the press release. Outgoing CEO Peter Hill was named executive chairman. Mike Faust becomes president of the wealth management group. Kim Aquino, was named director of operations for the wealth management group. John Manchester will serve as chief strategist in wealth management. And David Harrison Smith, a 12-year veteran at the company, was named an executive vice president at the firm.
- PineBridge Investments, a private asset manager overseeing more than $126 billion in assets, announced in a press release on March 31 that Kate Faraday will be its next head of corporate responsibility. Faraday’s core focuses will be working closely with the company’s corporate responsibility steering committee and will report to CEO Greg Ehret. Previously, Faraday was head of client portfolio management, Americas equities, portfolio manager for research-enhanced quantitative equities strategies, and chair of the firm’s culture committee.
Shannen Balogh, Dan DeFrancesco, Meredith Mazzilli, and Rebecca Ungarino contributed to this report.
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