Executive Changes @BY#By Christopher Wood

Article excerpt


Citigroup Inc. has hired J. Michael Schell, a partner at Skadden, Arps, Slate, Meagher & Flom LLP, to fill the newly created position of vice chairman of global banking.

Mr. Schell spent over 25 years at Skadden, where he largely advised on mergers and acquisitions and corporate investments. He will report to Michael Klein, Citi's global banking chief.

JPMorgan Chase & Co. has hired David Topper, who resigned Monday from Morgan Stanley, to be a co-head of its equity capital markets business in the Americas.

Mr. Topper was an investment banker with Morgan Stanley. He joined its corporate finance division in 1983, and in 1997 he moved to its global equity capital markets business.

He is expected to join JPMorgan Chase late next month and will work alongside Kevin Willsey, the other co-head.

Deutsche Bank AG said Bart A. Grenier will become the head of specialty fixed income in its asset management division, a newly created job, on June 13.

He will also become a member of Deutsche Asset Management's operating committee.

Mr. Grenier, who will be based in New York, was a senior vice president for investment groups at Fidelity Management and Research Co. of Boston.


AIG Financial Products Corp. of Wilton, Conn., has hired Karen Fang as a managing director in its investor coverage group and Thomas Bruch as a managing director in its hedge fund coverage group.

Ms. Fang was a director of the equity derivatives structured products group at Deutsche Bank AG, where she split her time between New York and London. Before that she had held various senior jobs in equity derivatives and structuring in Tokyo and London for Merrill Lynch International Inc. …