UPDATE 3-MOVES-CIT Group, Jeffries, Pali Capital

Fri Oct 3, 2008 5:31pm EDT
 
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(Adds CIT Group)

Oct 3 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

CIT GROUP (CIT.N)

The commercial lender said Walter Owens resigned as president of corporate finance, effective immediately.

JEFFERIES & CO

Kelly R. Holloway has joined as a senior vice president in the Jefferies Group Inc (JEF.N) unit's fixed income group. Holloway will focus on the sales and trading of U.S. agency bonds, corporate bonds, mortgage-backed and other fixed income securities for institutional investors based in the Middle East.

Holloway was most recently a senior vice president at Vining Sparks, a regional broker-dealer based on Memphis, Tennessee, where he worked for the past 10 years.

PALI CAPITAL

Pali Capital Inc, the U.S. broker-dealer subsidiary of Pali Holdings Inc, announced the continued build-out of its equities business with the hiring of an International Equity Trading team in the U.S. as well as a distressed equities and SPACs trading team.

International equity trading in the U.S. will be led by Brad Marks, who joins the firm's New York office as head of U.S. equity trading.

Joining Marks on the international trading effort are Michael Montalbano and Charles McLaughlin. The distressed equities and SPACs team will be led by Jesse Podell. All four professionals join Pali from their prior employer, Jefferies & Co.

STANDARD LIFE INVESTMENTS

Standard Life Investments, the global fund manager, has expanded its U.K. equities team with the appointment of Andrew Millington as Investment Director, U.K. equities. Andrew was previously employed by Baillie Gifford within its U.K. equities team and as manager of the Baillie Gifford Income Fund.

ACE Global Markets

The affiliate of ACE Group of Cos, which is led by ACE Ltd (ACE.N), hired Russell Burgess as underwriting manager, accident & health. Burgess was earlier with Chubb Corp's (CB.N) Chubb Insurance Co.

ALIXPARTNERS  Continued...

 
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