White glove broker-dealer Goldman Sachs has promoted one of its star deal makers to become a co-head of its investment bank. John Waldron was named co-head of its investment banking division, according to a memo published by the NY Times. The move will put him in charge, along with Richard Gnodde and David Solomon, of running the firm's prominent corporate advisory practice.
Waldron joined the firm in 2000 and soon took on a variety of prominent roles, including co-head of the media and entertainment group and a global co-head of Goldman's practice catering to private equity firms.
A quartet of employees of Och-Ziff Capital Management Group left the troubled hedge fund's London office. The fund is run by Daniel Och, pictured above.
Antonio Batista, Jason Marino, Marco Minoli and Filipe Bergana reportedly exited the firm, according to news reports. Batista was a managing director and the remaining three worked as analysts.
Och-Ziff is having a rough time. It has an estimated AUM of $46 billion as of January 1, which is down $1.1 billion over the past month.
Coherence Capital Partners, a New York-based asset manager, hired John Lovisolo as its new chief operating and risk officer. A 24-year market veteran, Lovisolo spent his entire career at Barclays, most recently as Managing Director and Co-head of Prime Brokerage Origination. While there, he held several leadership roles, such as running sales for Investment Grade Debt and Structured Credit Products for the first half of his tenor. After the Lehman integration, he was appointed Head of the Financial Institution Structuring Group which was dedicated to creating solutions for the firm's Pension, Bank and Insurance clients.
