S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes key C-level leadership changes, which are covered separately, and stories previously covered by S&P Global Market Intelligence.
Banking
Steve Volk is retiring from Citigroup Inc. in February 2021, Bloomberg News reported Dec. 2, citing an internal memo signed by CEO Michael Corbat and two of his top deputies.
Volk, who joined Citigroup in 2004 as vice chairman, is also chairman of the institutional clients group.
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Goldman Sachs Group Inc. appointed John Mallory and Meena Flynn co-heads of global private wealth management, effective Jan. 1, 2021, Bloomberg News reported Dec. 2, citing a memo.
Mallory currently heads Americas private wealth management, while Flynn leads the global markets solutions group.
The company also named Irfan Hussain global chief information officer, Stephanie Smith global head of operations, Zeeshan Razzaqui global COO, Craig Singer global CFO and Kerryann Benjamin global human capital management business partner, according to the report.
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Columbus, Ga.-based Synovus Bank launched a new agriculture and timber team, with an initial focus on the production, agribusiness and timber segments of the industry south of the fall line in Georgia and additional coverage in northwest Florida and southeast Alabama.
The team includes Clint Hood, Kimberly Powell, Anita Hatfield and Jo Creel and Synovus agribusiness banker Andy Thompson. Hood, Powell, Hatfield and Creel were previously with Wells Fargo.
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Stéphane Therrien will retire from Laurentian Bank of Canada at the end of December. With Therrien's departure, the bank will be implementing a reorganization of commercial and personal banking into two distinct operating units.
Eric Provost, senior vice president of commercial banking and president of LBC Capital, was appointed executive vice president of commercial banking, effective Jan. 1, 2021.
The bank will search for a new head of personal banking, who will be based in Québec. Personal banking will include the Québec branch network, digital banking and B2B Bank under a "One Retail" operating unit, according to a news release.
Financial services
Vanguard Group Inc. named Chris McIsaac head of the company's international business.
McIsaac will succeed Jim Norris, who will retire at the end of the year. McIsaac is currently head of Vanguard's planning and development division.
Karin Risi, who currently heads Vanguard's U.S. retail investor group, will assume responsibility for Vanguard planning and development. Matt Benchener, currently head of retail client services and operations, will join the company's senior staff as head of its U.S. retail investor group.
McIsaac, Risi and Benchener will assume their new roles over the course of December.
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RF Capital Group Inc. appointed David Leith as an independent member to its board, effective immediately.
Following Leith's appointment, the board will comprise seven directors, five of whom are independent.
Leith spent over 25 years with CIBC World Markets. Until 2009, he was deputy chairman and managing director and head of CIBC World Markets' investment, corporate and merchant banking activities.
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Imperial Capital Group LLC hired Amer Tiwana as a managing director and head of distressed and special situations strategy in the credit sales and trading group based in Stamford, Conn.
Prior to joining Imperial Capital, Tiwana was a managing director with Cowen/CRT for nearly 15 years, where he focused on stressed/distressed opportunities across the entire capital structure, event-driven/special situations including M&A and spinoffs, and post reorganized equities.
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Mastercard Inc. appointed Craig Vosburg chief product officer and named Linda Kirkpatrick to succeed him as president, North America, with both positions effective Jan. 1, 2021.
Kirkpatrick's successor as president of U.S. issuers will be announced at a later date.
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Innovative Payment Solutions Inc. added Lawrence Cummins to its advisory board.
Cummins is CEO of BLGI Inc.
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Barings appointed Caroline Mandeville chief human resources officer and Chasity Boyce chief diversity, equity and inclusion officer, effective Nov. 30.
Mandeville's experience includes serving as senior vice president of human resources for TIAA client services and technology. Boyce previously was vice president and head of inclusion and diversity at Heitman LLC.