Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt

MIDDLE ATLANTIC

Credit Suisse Group has hired Lance Babbit as a director and a senior portfolio manager for multimanager portfolios in its alternative investments group.

He was a managing director and the senior portfolio manager for multistrategies and customized solutions portfolios at Focus Investment Group. Before joining Focus in 2005 he had been a senior portfolio manager for four years at Deutsche Bank AG. Earlier he had been a vice president at Banc of America Securities LLC and a hedge fund analyst at JPMorgan Chase & Co. and Weiss, Peck & Greer.

Mr. Babbit is based in New York and reports to Ed Robertiello, the head of multimanager portfolios.

Root Markets Inc. of New York has hired Mark L. Korell as its chief marketing officer.

He reports to Marcia Myerberg, Root Markets' chief executive officer.

Mr. Korell joined the company from W.J. Bradley Co., a national private-equity firm, where he was a senior managing director. Before that he had been the chairman and an owner of Stonecreek Funding Corp.

Earlier in his career he had been the president of lender and investment services at Wells Fargo Home Mortgage Inc., where he oversaw the $3 billion acquisition of Prudential Home Mortgage. Before that he had been the president and CEO of GMAC Mortgage Group, and, still earlier, of Residential Funding Corp., a unit of GMAC Financial Services.

SOUTHEAST

Southern Trust Securities Holding Corp. …

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