Magazine article American Banker

Executive Changes

Magazine article American Banker

Executive Changes

Article excerpt


Centre Partners Management LLC, a New York middle-market private equity firm, has hired David L. Jaffe as a managing director. He will start in May.

Mr. Jaffe, 42, was a founding member of DLJ Merchant Banking Partners, then the private equity arm of Donaldson, Lufkin, & Jenrette Inc. He is currently a managing director at DLJ Merchant Banking and a member of its investment committee. (Credit Suisse Group bought Donaldson in November.)

Centre Partners has also given Scott Perekslis, a director of the firm, the title of managing director. His responsibilities have not changed. Mr. Perekslis, 33, joined the firm as an associate 10 years ago.

UBS Warburg in New York has hired Drew J. Doscher and Jeffrey T. Horan as co-heads of its distressed debt business.

They report to Christopher Ryan, the global head of banking products.

Mr. Doscher and Mr. Horan were senior vice presidents in distressed securities trading at Lehman Brothers. Mr. Doscher had worked at Lehman for six years and Mr. Horan for seven.

Bear Stearns Cos. in New York has hired Zurich Financial Services Group veteran Elizabeth Ventura as director of investor relations.

Ms. Ventura had held the same job at Zurich for two years. Before that she had been the head of investor relations and corporate communications for two Zurich subsidiaries, first for ZC Group and then Zurich Reinsurance Centre. She had worked for Zurich Financial and its subsidiaries for 10 years.

Bear Stearns also named her a managing director.

CIBC World Markets, the New York investment banking subsidiary of Canadian Imperial Bank of Commerce, has hired Jennifer S. Scutti as an executive director covering the specialty finance and e-finance sectors.

Ms. Scutti, 33, held a similar post at Prudential Securities in New York, where she worked for seven years. …

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