Finance

Must-know promotions, exits, and hires at firms like Credit Suisse, Goldman Sachs, and Truist

Here’s a rundown of hires, exits, and promotions from the past week. Are we missing anyone? Let us know.

  • Goldman Sachs promoted Liz Ewing to be chief financial officer for its consumer business, which includes the Marcus Digital Bank and Goldman’s Apple Card, according to an internal memo sent to employees Monday and reviewed by Insider. Ewing, who had been chief of staff for Goldman’s CFO Stephen Scherr since 2019, will fill the consumer CFO role left by Sherry Ann Mohan, who departed last month for JPMorgan.
  • Oppenheimer is bulking up its financial institutions group with a specialty finance team it poached from Janney Montgomery Scott, the firm announced Tuesday. The three hires will be based in Baltimore:
    • Cliff Booth is joining the firm as a managing director and the head of specialty finance investment banking. Booth was previously head of investment banking at Janney Montgomery Scott.
    • Also joining Oppenheimer is JD Nelson, who will be a managing director in specialty finance. At Janney Montgomery Scott, Nelson spent 13 years covering the specialty finance and real estate sectors. Booth and Nelson will report to Gilbert Dychiao, who heads the financial institutions group.
    • The firm also hired away Mitchel Penn to be a managing director in equity research, to expand the firm’s coverage of the specialty finance sector. Penn, who covered BDCs and Mortgage REITs at Janney Montgomery Scott, will report to Oppenheimer’s director of research, John Parks.
  • MUFG has promoted its deputy chief of corporate and investment banking to vice chairman of that business. Randall Chafetz will step into his role effective June 29, reporting to Masato Miyachi, chief executive of global corporate and investment banking, the company said. Chafetz will continue supporting the firm’s clientele, working with companies in financial services, investing, and other corporates.
  • Greg Weinberger, a top trader at Credit Suisse who most recently was the global head of mergers and acquisitions, is moving over to Morgan Stanley, the Wall Street Journal reported Wednesday. Morgan Stanley declined to comment on the news to Insider.
  • Truist Securities hired Michael Carter to lead the investment and corporate banking teams, the bank announced Monday. Carter, who will move to Atlanta from New York City for his new role, was previously the global head of technology investment banking at RBC Capital Markets.
  • Cowen picked up two senior credit traders in New York on Tuesday: Vincent Governara, who moved from his role as senior vice president for credit trading at FHN Financial, and Chris Taliercio, who was previously a high-yield credit trader for $2 billion New York-based hedge fund Column Park Asset Management.
  • Charlie Smith joined Stifel as a managing director in the firm’s venture and fund banking group, the firm announced Tuesday. Smith was previously a vice president in City National Bank’s structured finance group and will be based in California.
  • Credit Suisse hired Rodrigo Fittipaldi Rocha to be a managing director and lead debt capital markets for Brazil, according to sources familiar with the matter and Fittipaldi’s LinkedIn page. Fittipaldi was previously a managing director and head of FIG in Latin America for BNP Paribas.

Meredith Mazzilli, Carter Johnson, Reed Alexander, and Aaron Weinman contributed to this report.

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