Must-know promotions, exits, and hires at firms like Blackstone, American Express, and Citadel

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Here’s a rundown of news on hires, exits, and promotions from the past week.  Are we missing anyone? Let us know.

  • Blackstone made a slew of environmental, social and governance (ESG) hires as part of its sustainable-investment push, Reuters first reported. ESG is “central to our mission of delivering strong returns for clients,” Blackstone president Jonathan Gray said in a statement.
    • Elizabeth Lewis, who formerly worked at the International Finance Corporation in climate and impact investing, will now work to implement ESG policies throughout Blackstone’s businesses.
    • Also joining is James Mandel, who will lead the firm’s emissions reduction program. Mandel previously led a carbon-free building program at non-profit group Rocky Mountain Institute.
    • Caroline Hill, who joins after a stint as head of responsible business at Lloyds Banking Group, will head real estate ESG for Europe.
    • Nina James, formerly of Australian commercial real estate company Investa Property Group, will lead real estate ESG for Asia.
    • Blackstone promoted Rita Mangalick to global ESG head for the firm’s hedge fund and credit businesses. Mangalick was previously a managing director focused on operational due diligence within the hedge fund business.
  • In other Blackstone news, the asset manager also made two key hires in other divisions. 
      • Blackstone hired Yifat Oron, previously the CEO of Israeli tech bank LeumiTech, to head its new office in Tel Aviv, according to a press release from the firm. Oron joins Blackstone as a senior managing director and will lead Israeli growth and tech investments for Blackstone’s growth equity business, BGX.
      • Jonny Bauer joined as head of portfolio brand transformation. Bauer previously served as chief strategy officer for Droga5, an NYC-based ad agency, Forbes reported on April 28.
      • Citadel nabbed Dan Baranovsky, Citigroup‘s North America head of equity derivatives trading, as its newest portfolio manager, Insider reported this week. Baranovsky’s exit is the latest in a string of buy-side defections from Citi’s derivatives unit.
      • 25-year banking industry veteran Andrew Isaacs, who joined Bank of America in 2013, resigned this week, Insider reported. He was BofA’s head of rates sales in the Americas. Isaacs’ next destination wasn’t immediately clear. 
      • Raymond James hired Jacob Czarnick to be a managing director in the restructuring space, according to a Tuesday press release. Czarnick, who was formerly at Perella Weinberg Partners, will assist clients in navigating complex distressed transactions. His hire will help Raymond James recapitalization and restructuring investment banking practice, the firm said.
      • After only six days on the job, Alex Oh is out as the Securities and Exchange Commission‘s enforcement director, the commission announced Wednesday. The first woman of color to hold the top spot at the SEC, Oh’s previous work defending Exxon Mobil Corp while a partner at elite law firm Paul Weiss caused activists to oppose her appointment.
      • American Express announced a leadership shake up. Doug Buckminster, group president of global consumer services, has been appointed vice chairman. He’ll have the added responsibility of overseeing the strategic partnerships organization, which includes Amex Ventures and Amex Digital Labs.
        • CFO Jeff Campbell has been appointed vice chairman, as well. Raymond Joabar, who was most recently chief risk officer, has been appointed group president of global merchant and network services.
        • David Nigro, who was chief credit officer for the US consumer business, will take over as chief risk officer. Mohammed Badi, currently the chief strategy officer, will take on the role of president of global network services (GNS), reporting to Joabar. Amex is looking externally for a new chief strategy officer.
        • Group president of global commercial services Anna Marrs now also oversees credit and fraud risk (CFR). Andrés Espinosa, who was named chief credit officer and EVP of CFR, will now report to Marrs.
        • Anré Williams is taking on a newly created role of CEO of American Express National Bank (AENB) and group president of enterprise services. Amex CEO Stephen Squeri previously oversaw AENB.
        • Mission Lane, a credit card fintech focused on credit building, made two key hires. Krishna Venkatraman joined as chief data science officer. He was most recently the chief data scientist at Nubank. Zeenat Sidi joined as head of digital banking and financial services. Sidi was most recently head of enterprise lending, investing, and data at card-issuing fintech Galileo, and was EVP of lending at SoFi before that.
        • Recurring revenue-trading startup Pipe announced a build-out of their sales and engineering team with hires from Stripe and Kabbage.
          • Noel Hillman has joined Pipe as vice president of sales. His prior experience includes heading sales and operations at Kabbage, and he brings with him members of Kabbage’s sales team.
          • Usman Masood has joined Pipe as director of engineering from Stripe, where he was staff engineer and an engineering manager, and with him come other Stripe engineers.
          • Digital bank Varo announced the addition of three executives to the startup’s leadership team.
            • Shishir Singhania joined Varo in March as chief lending officer from Capital One, where he headed the company’s digital auto lending business, and also previously worked at LendingClub.
            • Pepe Porrata is now Varo’s chief operations officer and comes to the bank from Wells Fargo, where he most recently was head of enterprise operations control strategy for programs and transformation.
            • Carolyn Feinstein joined Varo in February as chief marketing, growth, and design officer. Feinstein has served for more than a year as chair of Varo’s Marketing Advisory Board and was also previously chief marketing officer at Dropbox.
            • $22 billion global credit investment manager Marathon Asset Management hired two investment professionals to its healthcare team, according to a press release.
              • Anna Makki will join Marathon as a managing director from Torreya Partners, an M&A advisor to global life sciences companies. Makki has 15 years of healthcare investment banking experience across Morgan Stanley, Credit Suisse, and Torreya.
              • Yuhe Cong joins the firm as a vice president. Cong, most recently a senior associate at OFS Management per Cong’s Linkedin, brings 10 years of credit experience in the healthcare sector to Marathon.
              • Union Bank poached Shawn McElmoyl from Wells Fargo, where he was a regional managing director for Northern California, according to an April 29 press release. At Union Bank, McElmoyl will serve as managing director and private wealth management executive for Northern California and the Pacific Northwest.
              • Winnie Ng joins Bank of America to head up its Hong Kong coverage and Asia Pacific investment banking efforts from JPMorgan, where she spent 17 years, most recently as head of Hong Kong origination and corporate finance, Bloomberg reported on April 26.
              • Goldman Sachs partner Earl Hunt is leaving the bank to launch Apollo Global Management‘s new $1 billion credit secondaries team, Secondaries Investor reported on April 27. Hunt will co-lead the effort under Apollo’s chief investment officer of credit Jim Zelter.
              • Former McKinsey & Co partner Emmanuel Pitsilis joined Partners Capital as managing director and co-head of Asia, AlphaWeek reported on April 27. Pitsilis will be based in Singapore.
              • Ajit Pai, who chaired the Federal Communications Commission (FCC) under President Trump, joined Searchlight Capital Partners as a partner, Axios’s Dan Primack reported on April 26. 
              • Carter Johnson, Meredith Mazzilli,  Shannen Balogh, and Alex Morrell contributed to this report.

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