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Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Carey Halio, Goldman Sachs head of strategy and investor relations, is getting promoted to global treasurer at the bank. Her new role, effective June 1, encompasses authority over the firm’s more than $1.6 trillion balance sheet. She’ll report to CFO Denis Coleman. Philip Berlinski, the previous global treasurer, is leaving the bank to become Co-COO of Millennium Management, according to the Financial Times.
JPMorgan names CEO Dimon's potential successors including Jennifer Piepszak, Marianne Lake
JPMorgan Chase's board identified potential successors to CEO Jamie Dimon, paving the way for a leadership transition at the largest U.S. bank. The board is "spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates" in the medium term, it said in a proxy statement. Contenders for the top job include Jennifer Piepszak and Troy Rohrbaugh, recently appointed co-CEOs of JPMorgan's expanded commercial and investment bank, Marianne Lake, CEO of consumer and community banking, and Mary Erdoes, CEO of asset and wealth management.
Royal Bank of Canada fires CFO over undisclosed relationship
Royal Bank of Canada appointed Katherine Gibson as interim CFO, effective immediately, following the departure of Nadine Ahn. The bank said it became aware of "allegations" against Ahn and launched an investigation that found she violated the bank's code of conduct by having an "undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases." Both employees had their employment terminated as a result.
Barred Morgan Stanley banker joins firm that got his trading leaks
A former Morgan Stanley banker who was punished in the block-trading probe that rattled Wall Street joined one of the firms that was the recipient of confidential information he leaked. Pawan Passi was hired by Frank Fu’s CaaS Capital Management. A yearslong investigation into block trading that reverberated across the industry culminated in January after Morgan Stanley agreed to pay $249 million to the Justice Department and the SEC. Passi also agreed to a monetary fine and a one-year ban from the industry. He’s able to work at CaaS because three weeks ago the firm terminated its registration with the SEC.
BTIG grows capital introduction team
BTIG announced that its Capital Introduction team has hired Gerry Reilly and Colin Morse as Directors and Allison Walters as an Associate. They will be based in the firm’s New York office and will report to Rachel Lucas, Head of Capital Introduction. Reilly previously worked on the Capital Introduction team at Morgan Stanley. Most recently, Morse was a Director within Capital Raising at BTIG. Similarly, Walters moved laterally within BTIG.
The other reason to join Citadel's Miami office: Ken Griffin pays for all these outings
Citadel's intention to move to a new Miami office is now nearly two years old, but the relocation of Citadel staff is still in progress. As the firm prepares to have 400-500 people in Miami by the end of the year, CEO Ken Griffin is busy making staff feel at home. Griffin is personally paying for all kind of entertainment for Miami-based employees at both Citadel and Citadel Securities. The events take place once a month, and cover everything from sports, to arts, exercise and good deeds in the community.
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