March 3, 2009 / 4:41 PM / 10 years ago

UPDATE 2-MOVES-Renaissance, Fidelity, CastleOak, Oppenheimer

(Adds Renaissance, Fidelity)

March 3 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other changes, email


Renaissance Technologies LLC, the multibillion dollar hedge fund that uses complicated computer models, hired a new president and chief executive officer for its institutional business. The fund firm, which manages roughly $20 billion, hired Matthew Scanlan to replace Stephen Robert, who retired. Scanlan joins the firm from Barclays Global Investors where he worked for 12 years and was most recently the company’s head of institutional business in the Americas.


Fidelity Investments promoted Sanjiv Mirchandani to president of its National Financial unit, which provides clearing, custody and brokerage solutions to more than 300 broker-dealers. Mirchandani succeeds Norman Malo, who has retired.


Brian Belski will join Oppenheimer & Co Inc as managing director and chief investment strategist. Belski comes from Merrill Lynch, where he had been chief U.S. sector strategist.


Didier Bench, former chief executive of Cartesis and iMediation, has become an adviser to Silver Lake Sumeru, the firm’s middle market investment fund of private equity firm Silver Lake.


CastleOak Securities LP, a minority-owned investment bank, added Gene Gallagher and Roy Jones to its fixed income sales and trading team. Gallagher, previously of Goldman Sachs (GS.N), will serve as a fixed income sales & trading managing director and spearhead preferred stock trading. Jones, formerly of Wachovia Capital Markets, will be based in Chicago and serve as director of fixed-income sales and trading.


Law firm Sidley Austin LLP said Jonathan Cohn, former U.S. deputy assistant attorney general, has rejoined Sidley as a partner in its Washington office. He joins the firm’s appellate practice.


Ronald Pillar has joined its Ladenburg Thalmann & Co Inc unit as vice chairman, head of institutional client group and co-head of investment banking, effective immediately.

Pillar, who will be based in New York, was previously at J.P. Morgan Chase & Co (JPM.N), where he served as head of technology investment banking.


The inter-dealer broker said Marcus Bolton was appointed CEO of Americas, succeeding Lou Scotto, who becomes a consultant and senior adviser to the company.

Paul Dunkley, who was appointed director of the volatility division in January 2008, will replace Bolton as managing director, volatility in London. The appointments are effective March 9.


Timothy Lathe has joined the U.S. Midwest regional bank as executive vice president and will lead its wealth management group. Lathe has spent most of his career with National City Corp, where he most recently was executive vice president and head of the private client group. (Compiled by R. Manikandan in Bangalore and Joseph Giannone in New York; Additional reporting by Svea Herbst-Bayliss in Boston; Editing by Jeffrey Benkoe, Richard Chang)

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