Loomis to Step Down at Lazard

Financial News, October 29, 2001 | Go to article overview
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Loomis to Step Down at Lazard


Senior Appointments

William Loomis, chief executive of Lazard, will step down at the end of the year after less than a year in the job. Loomis has worked at the bank for 24 years. As chief executive of Lazard's New York office he was instrumental in the merger of the investment bank's offices in London, New York and Paris. He was subsequently promoted to chief executive of the combined entity. Loomis will stay on as a limited partner.

Richard Wohanka has left WestLB Asset Management only three years after joining it as chief executive to take up the same role at Fortis Investment Management. Wohanka joined WestLB after only two years at Baring Asset Management, where he was chief executive of the institutional and mutual fund division which followed a 13-year spell at Banque Paribas. He became the first non-French member of the board and led the fund management arm.

Nasdaq has appointed Michael Sanderson as the first chief executive of its European operations, as it tries to build in the region after its purchase of Easdaq, the ailing high-growth stock exchange, earlier this year. Sanderson, formerly a senior executive at Reuters and chairman and chief executive of Merrill Lynch Canada, succeeds John Hilley, chairman of Nasdaq International, who served as acting chief executive until Sanderson's appointment. Sanderson was most recently chairman and chief executive of Market XT, the retail trading platform bought by Tradescape last year.

PricewaterhouseCoopers has hired Malcolm Levitt, a European Union adviser and senior executive at Barclays, as a senior adviser to the firm in London. At Barclays, Levitt was responsible for advising on the bank's European Monetary Union planning.

Investment Banking

BNP Paribas has relocated Francois Artignan, head of its European media and telecoms finance group, and David Arlettaz, a senior banker in the same group, to London from Paris. The relocations mark the latest attempt by the French bank to balance its activities between its Paris headquarters and the London office. Artignan and Arlettaz will retain their current roles within the media and telecoms finance group, and will continue to report to Philippe Vuarchex, global head of the group, who will remain in Paris.

M&A

Gregg Sando, global head of the financial institutions team at Deutsche Bank, has accelerated his expansion of the team with the appointment of Charles Murphy, chief financial officer of Antfactory, as managing director. Murphy has been appointed to build up Deutsche's client coverage across the full range of financial services companies, from insurers to banks.

Philip Mastriforte, a senior mergers and acquisitions banker at Bear Stearns in London, has left the firm. Mastriforte was a senior managing director in the London-based M&A team. Before he joined Bear Stearns, Mastriforte spent several years at Deutsche Morgan Grenfell.

Bank of Ireland is looking for its first deal in UK acquisition finance after putting a team of five people in place in the past few months. Grant Gardner and Nathan Hawkes have joined the bank from the leveraged finance group at Societe Generale, where they were both directors. Gardner is head of Bank of Ireland's UK acquisition finance team, and Hawkes is a director. In addition, Allan Clawson has joined from Bank of Scotland as a director; Alistair Riddle has joined from AIB as a manager, and Nick Bellis is on secondment from Deloitte & Touche Corporate Finance for 18 months.

Fund Management

Credit Suisse Asset Management has appointed Peter Dellsperger as head of global equity products. Dellsperger is relocating to London to take over the role. He was previously representative director and president of Credit Suisse Trust and Banking Japan. He reports to Laurence Smith, CSAM's global chief investment officer, and will be responsible for integrating CSAM's geographically divided global equity product line.

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