Updated 1:40 p.m., Wednesday, May 23, 2012, with respect to CIT, Duane Morris, Jones Day. and Stephens Inc.
3i plc — Chief investment officer Simon Borrows has been picked to succeed Michael Queen as chief executive officer of the London-based private equity firm. Borrows has been a member of the board of 3i since he joined the company in October 2011. Prior to that, he was chairman of Greenhill & Co. International LLP, having previously been co-chief Eexecutive of Greenhill & Co. Before that, he was the managing director of Baring Brothers International Ltd. He is also a nonexecutive director of The British Land Co. plc and of Inchcape plc.
Accordion Partners LLC — The New York-based corporate financing firm has promoted Sonny Thadani to chief of staff, and Mow Wong to chief operating officer. Prior to joining Accordion, Mow was a consultant for middle market private equity sponsor Solaia Capital Advisors LLC. Before that, he was vice president in the FIG Investment Banking group at Bear Stearns.
Bain & Co. — Phil Kleweno, a former chief executive of Princess Cruises, has been chosen to lead the firm’s Washington D.C. offices as a managing director. Kleweno began his career at Bain in 1985 in the firm’s Boston office.
CIT Group Inc. — The small businesses and middle market financier named Neil Wessan a managing director and head of its capital markets group. Wessan, who formerly held a similar position at Gleacher & Co., was a founding principal at Halsey Lane Holdings, and served as managing director and co-head of Jefferies’ leveraged loan capital markets and syndications group. Earlier, he held senior level positions with various financial institutions, including CIBC World Markets, ING Barings and Bankers Trust.
DLA Piper — The law firm hired Jeffrey Potash to its corporate and securities practice as a partner in New York. Potash arrives from Dewey & LeBoeuf LLP, where he worked closely with DLA Piper’s US Finance co-chair John Altorelli, who joined the firm from Dewey & LeBoeuf last month along with Alexander Fraser, Patrick Costello and Gerald Francese. Potash specializes in corporate and securities law matters.
Duane Morris LLP — The law firm hired 16 Dewey & LeBoeuf lawyers for its New York, Boston, and Washington D.C. offices. Major hires include Elizabeth Powers, who served on her former firm’s executive committee, and Alice Kane, former general counsel at New York Life. Cameron MacRae also joins the new slate of lawyers; he was previously the longtime chairman of the corporate department of Dewey & LeBoeuf’s predecessor firm, LeBoeuf Lamb Greene & MacRae. Other hires include partners Hugh McCormick, Mitchel Pahl, Elizabeth Powers, K. Oliver Rust, Mark Walsh and Thomas Redekopp; associates include Virginia Medina, Lucericia Messiah, Beverly Reyes and Carla Small; and of counsel David Bicks, Steven Levitsky and Edmond Valente.
Excellere Partners — The Denver-based private equity firm brought in Bryan Armstrong as an associate to focus on due diligence of new platform companies. Armstrong jumped to Excellere from Madison Capital Funding LLC, a Chicago-based leverage finance firm, where he spent seven years as an assistant vice president.
Jones Day— The law firm announced partner Dan Coppel as the latest addition in London . He joins Jones Day from the London office of Dewey & LeBoeuf. Coppel's experience includes cross-border deals with Russia and in the energy space.
Milbank Tweed Hadley & McCloy LLP — The New York-based law firm announced that Mark Stamp has come aboard as a partner at the London office. He was previously with Linklaters LLP, also in London. He has advised a number of publicly listed and private companies in a variety of sectors as well as the U.K. Government.
Stephens Inc. — The investment bank named John Lawrence a managing director and senior analyst to expand the firm's specialty retail practice. Lawrence will be based in Stephens' Memphis office.
William Blair & Co.— The investment bank and asset management firm poached three new hires from Morgan Keegan’s San Francisco office. Robert Abbe and Per-Ake Stahl have joined William Blair as managing directors, while Charles Ruppert is named vice president. All three are expected to expand the company’s technology investment banking group and focus specifically on the mobile sector.
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