Financial News published its 17th annual list of the 100 most influential women in finance this week. To find out who made the grade, click here.
Kirkland & Ellis hired a pair of senior private equity partners from rival US law firm Simpson Thacher & Bartlett in London. Ian Barratt and Sinead O’Shea joined the firm following the exit of a private equity team from Kirkland this summer, led by finance star Neel Sachdev, to Paul Weiss’s London office.
JPMorgan turned to a veteran of the bank to co-head its M&A division in Europe in the latest senior change at the Wall Street bank. Carsten Woehrn, who has led its strategic investments M&A unit in Europe, the Middle East and Africa since 2019, was named co-head of M&A in the region, according to an internal memo. He takes over from Guillermo Baygual, who was named global head of real estate and infrastructure as well as its consumer coverage in a shake-up of its senior ranks in September.
Barclays re-hired a leading healthcare banker to head its unit in the Americas. After a two-year spell at what was SVB Financial Group’s advisory arm Leerink Partners, Jed Brody is now returning to the UK-headquartered lender as a managing director. He will work in New York under global head of healthcare and real estate investment banking Rick Landgarten.
Citigroup bolstered its European healthcare dealmaking team with a senior Credit Suisse banker in the latest hire from the Swiss bank. The US bank hired Scott Bardo from Credit Suisse as a managing director and head of medical technology, life sciences tools and diagnostics investment banking for Emea. Bardo was latterly co-head of Emea healthcare investment banking at Credit Suisse, which has continued to lose senior investment bankers in the wake of its emergency takeover by cross-town rival UBS in March.
Mark Manning, one of the Financial Conduct Authority’s ESG leads, bowed out after five years at the regulator to launch a sustainable finance advisory business. Manning, who previously worked at the Bank of England, announced on LinkedIn he would be leaving at the end of the year, but would continue to work with the watchdog in an advisory capacity.
Credit Suisse cut 254 jobs in New York, as the Swiss bank continues to pare back its business after its shotgun marriage to rival UBS in March. The redundancies amount to around 9% of the 2,714 employees Credit Suisse has in New York and will hit its investment bank, trading and asset management units.
Citigroup prepared to strip out five layers of management as part of the sweeping overhaul unveiled by chief executive Jane Fraser in September. The bank said that it had pared back 15% of functional positions within its top two executive layers and has plans to reduce its current 13 layers of management to eight. The changes were laid out in a presentation accompanying its third-quarter results.
The UK arm of KPMG launched a new round of job cuts in its deal advisory team in response to a slow transactions market. The Big Four firm confirmed on 17 October that it was putting around 110 jobs at risk, amounting to over 6% of its nearly 1,700-strong UK deals business. The firm previously rolled out a round of cuts in its consultancy practice affecting 125 positions.
Abrdn veteran Hugh Young announced his retirement as chair of the asset manager’s business across Asia Pacific, a role he has had since 2021. Young, who joined Aberdeen Asset Management in 1985, began managing Asian equities from London before joining the board and becoming head of investments prior to the firm’s merger with Standard Life in 2017. Young founded Aberdeen’s regional headquarters in Singapore in 1992.
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