(Adds Bear Stearns, BNP, Ashurst)
NEW YORK Aug 31 The following financial
service industry appointments were announced on Friday. To
inform us of other job changes, please e-mail
BEAR STEARNS COS. INC. BSC.N
The U.S. investment bank hired the father and son team
running London-based boutique investment bank Schechter & Co.
for its European fixed-income division. Stephen Schechter
becomes a senior adviser for Bear Stearns and his son,
Lawrence, has been appointed managing director of debt capital
BNP PARIBAS (BNPP.PA)
The Paris bank appointed Olivia Frieser to its credit
research team to cover banks and financial companies. Frieser,
who worked for Morgan Stanley, will be based in London.
STANDARD & POOR'S
Publisher McGraw-Hill Cos Inc MHP.N is replacing the
president of its financial services division Standard & Poor's,
effective immediately, amid questions about the role of
credit-rating agencies in the subprime mortgage crisis.
Deven Sharma, who joined the company in 2002, replaces
Kathleen Corbet, who is stepping down to pursue other
opportunities. Sharma will report to Harold McGraw III, the
chairman, president and chief executive of McGraw-Hill.
To read more, please double click [nN31206128]
The law firm hired tax partner Matthias Kuhn, an expert on
private equity and merger and acquisition transactions, for its
Frankfurt office. He joins the firm from the Frankfurt office
of Freshfields Bruckhaus Deringer.
ABERDEEN PROPERTY INVESTORS
The real-estate arm of Aberdeen Asset Management Plc
(ADN.L) has named Jon Lekander as chief investment officer.
Lekander, who was previously head of investment strategy, will
now focus on the implementation of defined investment
strategies for Aberdeen's property funds.
The firm also appointed Alessandro Bronda, currently the
head of European Research, as the new head of investment
strategy to replace Lekander.
The insurance service unit of Marsh & McLennan Cos Inc
(MMC.N) has hired Douglas Ure as senior risk consultant in its
risk strategies services team. Ure, who joins from Primary
Group Ltd, is based in Marsh's London office.
J O HAMBRO CAPITAL MANAGEMENT GROUP
The boutique investment management firm named Bob Bennett
as its first independent nonexecutive director, effective Sept.
1. Bennett was previously finance director of Northern Rock.
JM FINANCIAL LTD (JMSH.BO)
The Indian financial services firm has hired V.P. Shetty as
executive chairman of the group's yet to be formed asset
reconstruction company. Shetty was most recently the chairman
and managing director of state-run IDBI Ltd (IDBI.BO).
Jaromir Netzel, the chief executive of state-controlled
insurer PZU, has been sacked following his detention by
prosecutors, Poland's treasury ministry said. The prosecution
service detained the CEO of Poland's largest insurer and
charged him with hampering the investigation into a leak in an
anti-corruption case. [nL31922599]
(Compiled by Tenzin Pema in Bangalore)