IFR 03.7.2020

International Financing Review March 7 2020 19

Please contact us if you have information about job moves: [email protected]

People

&Markets

„ ROTHSCHILD has

hired Jay Goffman as

North America vice-

chairman in its global

advisory business

working from New

York. He will advise

clients across

restructuring, debt and

M&A. Goffman will

report to Jimmy

Neissa, head of

Rothschild North

America, and work

closely with Homer

Parkhill and Stephen

Antinelli, co-heads of

North America

restructuring. Goffman

joined Rothschild from

law firm Skadden Arps,

where he was co-head

of corporate

restructuring.

„Former CLSA

analyst Alexious Lee

has joined JEFFERIES

as managing director

in its China equity

research team, based

in Hong Kong. Lee

spent close to nine

years at CLSA,

including the last two

as head of China

capital access,

covering the country’s

efforts to open up its

financial markets to

foreign investors as

well as investment

flows. He is the latest

CLSA analyst to make

the jump to the US

boutique following a

major management

shake-up at the Hong

Kong-based brokerage

firm last year.

„HONG KONG

EXCHANGES AND

CLEARING has

appointed Gerard

Smith as head of post-

trade business

development. Smith is

a replacement for

Cindy Chen, who left

the role only a year

after joining from

Citigroup.

„ David Sidoti,

Sydney-based general

manager and head of

project finance for

Australia at

SUMITOMO MITSUI

BANKING CORP, has

left after nearly 13

years with the

Japanese bank. Sidoti

also previously worked

at National Australia

Bank.

Berman heads institutional sales under HSBC rejig

HSBC is merging securities services with

global markets, which will be called markets

and securities services, with Allegra Berman

set to take on institutional sales for the new

unit, according to sources.

It is part of a wider restructuring of HSBC’s

global banking and markets business.

Markets and securities services is

expected to be formed in May, once the

bank completes due diligence which must

be undertaken due to the move to shift

securities services from the private to the

public side of its business, according to an

internal memo seen by IFR.

Berman is currently co-head of securities

services alongside Richard Godfrey. Godfrey

will co-head a new product area called

SECURITIESûlNANCINGûWITHû(OSSEINû:AIMIû

global head of equities, which comprises

EQUITYûPRIMEûlNANCINGûRATESûANDûCREDITûREPOû

activities and collateral treasury. Berman and

Godfrey will also continue in their roles as

global co-heads of securities services.

HSBC is overhauling GBM to improve

returns. It will shrink its operations in

Europe and the US, especially its equities

platform. Georges Elhedery is running

global markets and Greg Guyett is head of

global banking.

As part of the rejig, the derivative clearing

services will be part of securities services

and run by Najib Lamhaouar, global head of

OTC clearing and exchange-traded

derivatives.

Issuers services will become part of capital

markets and will be run by Giovanni Fenocchi,

who reports to Alexi Chan and Ray Doody,

HSBC’s co-heads of capital markets.

4HEREûWILLûBEûNOûHEADûOFûlXEDûINCOMEû

Instead, Mehmet Mazi will become head of

DEBTûTRADINGûANDûlNANCINGûCOVERINGûBONDSû

ANDûLOANSûASûWELLûASûSTRUCTUREDûlNANCINGû

reporting to Elhedery.

HSBC’s current head of foreign exchange

and commodities, Richard Bibbey, will add

emerging market interest rates and short-term

interest rates to his current responsibilities.

Niall Cameron, head of corporate and

institutional digital, will report to Elhedery

and Guyett.

Helene Durand

Perella Weinberg opens in Munich

Advisory boutique PERELLA WEINBERG has

OPENEDûANûOFlCEûINû'ERMANYûCHOOSINGû

Munich over Frankfurt for its third

European location, to be co-headed by

FORMERû$EUTSCHEû"ANKûlNANCEûCHIEFûMarcus

Schenck.

4HEûOFlCEûWILLûALSOûBEûLEDûBYû3CHENCKSû

fellow partner Stefan Jentzsch. Both have

been working in London until now.

4HEûlRMûALREADYûHASûANûOFlCEûINû0ARISû

which opened in 2018. Schenck and

Jentzsch will work closely with Dietrich

Becker, head of European advisory, working

with clients across Germany, Austria and

Switzerland.

3CHENCKûJOINEDûTHEûlRMûINûûAFTERû

leaving Deutsche Bank where he was

lNANCEûDIRECTORû(EûSAIDû-UNICHûWASûAû

hNATURALûCHOICEvûFORûAû'ERMANûOFlCEûWITHû

blue chips and start-ups being based there. It

also gives access to Austria and Switzerland

to the south.

Perella Weinberg also has a number

of German senior advisers such as Wolfgang

Reitzle, chairman of industrial gases

group Linde, and Stefan Heidenreich,

former chief executive of Nivea owner

Beiersdorf.

Christopher Spink

Former politician Baird quits NAB

NATIONAL AUSTRALIA BANK‘s head of consumer

banking and former New South Wales

premier, Mike Baird, has quit the bank.

Baird, who joined NAB in 2017 as head of

corporate and institutional banking before

being tapped to run the consumer bank the

following year, is due to depart on April 15.

Anthony Waldron, a 20-year NAB veteran

and executive general manager in Baird’s

team, will serve as interim head while the

bank searches for a permanent successor.

Baird was once tipped as a potential

successor to Andrew Thorburn as chief

executive. Thorburn was forced to resign

last year after Royal Commissioner Kenneth

Hayne singled him out for criticism in his

lNALûREPORTûINTOûTHEûSECTORûFOLLOWINGûAû

powerful inquiry.

NAB ended up picking Ross McEwan,

who led RBS’ post-crisis recovery and is a

former Commonwealth Bank of Australia

executive, to replace Thorburn.

Baird has also been linked with the

top job at Westpac Banking Corp after

the previous CEO, Brian Hartzer, was

forced to resign at the end of last year

following a massive money-laundering

scandal.

Thomas Blott

5 IFR PM 2323 p 15 - 24 .indd 19 06 / 03 / 2020 19 : 22 : 44