May 6 The following financial services industry
appointments were announced on Monday. To inform us of other job
changes, email to firstname.lastname@example.org.
RESIDENTIAL CAPITAL LLC
ResCap Chief Executive Thomas Marano has resigned as the
mortgage subsidiary of auto lender Ally Financial Inc
works its way out of bankruptcy. Marano, who joined ResCap in
2008, will remain as a member of the board.
NORTHERN TRUST CORP
The financial services company named Brian Ovaert as country
manager for Hong Kong. Prior to this he worked as the chief
executive officer of Northern Operating Services Pvt Ltd and was
based Bangalore, India.
The investment bank appointed David Timblick as managing
director and head of Asia. Timblick joins from Lazard Asia,
where he held a number of roles over the past 14 years. He has
also worked at Korea Merchant Banking Corp and Arthur Andersen
BENJAMIN F EDWARDS & CO
The boutique brokerage with family ties to the old A.G.
Edwards & Sons added nine new advisers and opened two new
offices in Alabama and Florida. Eight of the new hires came from
Wells Fargo Advisors, the third-largest U.S. brokerage, which is
owned by San Francisco-based bank Wells Fargo & Co.