April 5 The following financial services
industry appointments were announced on Friday. To inform us of
other job changes, email to firstname.lastname@example.org.
GOLDMAN SACHS GROUP INC
The bank said on Thursday that Stephen Friedman, who headed
the company when it was a private partnership, will retire from
its board as he has reached the company's age limit. The board
formally accepted his retirement on Tuesday. It will take effect
on May 22, the day before its annual meeting. Friedman, 75, has
been a director since April 2005.
AMERICAN INTERNATIONAL GROUP INC
AIG said Morris Offit, chairman of Offit Capital, would step
down from its board next month and the insurer would recommend
two new directors. The company also said it has put in place a
new executive compensation structure for 2013 free of the
restrictions imposed by the Federal Government's Troubled Asset
Relief Program program.
TIEDEMANN WEALTH MANAGEMENT
The New York-based firm appointed Thaddeus Shelly as
managing director and senior adviser. Shelly joins Tiedemann
from Lazard Wealth Management, where he served as managing
director and chief executive of the firm's private wealth
management effort in the United States.
JANNEY MONTGOMERY SCOTT LLC
The financial services firm owned by the Penn Mutual Life
Insurance Co has expanded its adviser footprint in
Connecticut with a veteran hire from top U.S. brokerage Morgan
Stanley Wealth Management. Adviser Jonathan Fairbanks, who has
worked in the advising industry for roughly three decades, moved
to Janney on Thursday from Morgan Stanley, where he managed more
than $100 million in client assets.
James Crosby, former CEO of bailed-out British lender HBOS
and one of three executives severely criticized in a scathing
report into the bank's collapse, has resigned as an adviser to
private equity firm Bridgepoint.
DEUTSCHE ASSET & WEALTH MANAGEMENT
The company said on Thursday it formed a new investment team
focused on retrofits of physical buildings and related energy
efficiency opportunities. The team will be led by Jeff Baer, who
was most recently Deutsche Bank's head of Global Logistics
Services for the past nine years. Baer will be based in New York
and will be joined by three additional team members. The firm
also named Anurag Mahesh as head of Wealth Management Coverage
in Asia Pacific. He will report to Ravi Raju, head of the firm
in Asia Pacific.