American International Group Inc. (NYSE: AIG) — The New York financial services company named Brian Schreiber chief strategy officer overseeing M&A. Schreiber, who started at AIG in 1997 as a portfolio manager, will also be in charge of global planning and divestitures, sharing responsibility for investor relations with CFO David Herzog. The announcement comes as AIG continues to expand after years of contracting through asset sales to repay a U.S. bailout. The company inked a deal in January to buy Laya Healthcare to expand in Ireland and, in April, purchased a stake in K2 Intelligence as it seeks to offer clients protection from cyber-attacks. Separately, Peter Juhas is stepping down as global head of strategy. Juhas, who joined in 2011 after previously working at Morgan Stanley, is leaving to pursue “new opportunities,” according to an AIG memo.
BTIG LLC — The San Francisco-based investment bank hired Tim Chiang as a managing director and specialty pharmaceutical research analyst. Prior to joining BTIG, Chiang was a managing director and senior analyst at CRT Capital Group for five years. He held similar positions at FTN Midwest Research and Natexis Bleichroeder, and was part of the specialty pharmaceutical research team at Banc of America Securities and UBS Securities.
Citizens Bank— Lan Haverfield has been hired as a director of originations in business capital for Citizens Commercial Banking. Most recently, Haverfield was a managing director for SunTrust Banks Inc. in Dallas. Previously, he had served as a principal at Lauriat Capital, an executive vice president at CIT Group (NYSE: CIT) and an officer at Barclays plc (NYSE: BCS). Early in his career, he worked at Placid Oil Co. and Conoco Inc. Separately, Citizens hired Lawrence Ridgway as a senior vice president in the business capital division. Ridgway’s banking experience includes positions at US Bank, Morgan Stanley and GE Capital.
Franklin Square Capital Partners — The Philadelphia-based investment firm has hired Jim Ballan to serve as senior vice president, investor relations and capital markets. Ballan was previously vice president of investor relations at residential mortgage originator PHH Corp. as well as a sell-side analyst in both credit and equities at a variety of firms, including Lazard Capital Markets, JP Morgan (NYSE: JPM), Bear Stearns and CIBC Oppenheimer.
Golub Capital — The New York lender hired Chip Cushman as a managing director. He was most recently a managing director at GE Antares, a division of GE Capital Corp., where he worked with private equity firms on lending opportunities, including first lien, second lien and unitranche loans. For more on GE Antares and the current lending climate, read Mergers & Acquisitions' recent Q&A with GE Antares CEO David Brackett.
Nomad Holdings — The British Virgin Islands-based holding company appointed Stéfan Descheemaeker chief executive officer. The announcement coincides with the closing of its recently-announced acquisition of Iglo Foods Holdings. Descheemaeker will also serve as CEO of Iglo Group, replacing current CEO Elio Leoni Sceti. Descheemaeker recently served as chief financial officer of food retailer Delhaize Group, before becoming CEO of its European division.
Pacific Investment Management Co. LLC (Pimco) —Virginie Maisonneuve, the chief investment officer for global equities, is leaving Pimco. In a statement, CEO Douglas Hodge said the move is part of a larger focus in which the firm will retreat from equities as the board of trustees plans to liquidate three funds. However, equities will continue to be a part of Pimco's investment services. Maisonneuve took her current role just after Bill Gross left the firm. She was brought in by former chief executive Mohamed El-Erian and to help in equities efforts Neel Kashkari was previously tasked with. Prior to joining Pimco in 2014, Maisonneuve was head of global and international equities at Schroders plc.
William Blair & Co. — The Chicago investment bank made Jonathan Skinner head of technology investment banking. He has been a partner at the firm since 2008 and will succeed Robert Metzger. Skinner joined the firm in March 2006, has led the Boston office for seven years and has been a senior member of the firm's financial sponsors group. Before working at Adams Harkness from May 1999 to February 2006, he was an associate at Goodwin Procter LLP for almost three years, practicing corporate law. Metzger, who joined William Blair in 1999, will retire from investment banking and become director of the University of Illinois at Urbana-Champaign's Investment Banking Academy.
