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Wall Street people moves: Promotions, exits, and hires at firms like JPMorgan Chase, Citigroup, and ARK

Business

Jennifer Roberts JPMorgan

Summary List Placement

Here’s a rundown of news on hires, exits, and promotions from the past week.  Are we missing anyone? Let us know.

  • JPMorgan Chase announced Jennifer Roberts has been tapped as the bank’s next consumer banking chief. Roberts replaces Thasunda Brown Duckett, who will be leaving the bank in May to become the president and CEO of TIAA. Roberts, who joined JPMorgan Chase in 2006, last headed its business-banking division.
  • Matt Zames is out at Cerberus Capital Management, where he was the president of the private-equity firm, Cerberus announced in a press release this week. Previously, Zames was the chief operating officer of JPMorgan Chase, and joined Cerberus three years ago. In a statement, Zames said that “now is the right time for me to take a step back and assess what I want to do next.”
  • Sandeep Arora has been named the new ICG head of digital and ICG chief investment officer within the institutional clients group at Citigroup, the global bank announced in an internal memo this week that was viewed by Insider. The memo was sent by the ICG’s CEO Paco Ybarra and global head of ICG technology and operations Stuart Riley. 
  • Erika Irish Brown, formerly Goldman Sachs’ chief diversity officer, is leaving to join Citigroup in the coming months as chief diversity, equity, and inclusion officer and global head of talent, Citi announced in a memo written by the firm’s head of human resources, Sara Wechter. Brown had been at Goldman since 2018 and before that was global head of diversity and inclusion at Bloomberg LP for more than three years.
  • Goldman Sachs announced that Megan Hogan, currently global head of diversity strategy, programming and recruiting, will become the firm’s new chief diversity officer, according to an internal memo viewed by Insider.
  • Baird announced that Erich Fritz has joined the firm’s global investment-banking business as a director on the global technology and services team with coverage for industrial software, internet of things, and enterprise AI. Fritz, who will be based in Chicago, previously worked in technology investment banking and M&A at Jefferies and, prior to that, at RBC Capital Markets. 
  • Elliott Wilson, a technology portfolio manager for $9 billion Balyasny Asset Management who is based in the Bay Area, is departing to join the $3.7 billion Woodline Partners, Insider reported. Prior to Balyasny, Wilson was a portfolio manager at Citadel and also spent time working at SAC Capital. Woodline Partners was founded in 2019 by former Citadel PMs Mike Rockefeller and Karl Kroeker.
  • Cathie Wood’s ARK Investment Management has a new chief strategy officer as of March 1, according to a press release. Jana Haines has joined ARK from MSCI, where she spent 14 years and last oversaw the firm’s North American and EMEA index products and served as the global head of fixed income indexes.
  • Hunt Hanover is leaving Marcato Capital Management, where he served as chief operating officer, and heading to Vetamer Capital Management, where he will also serve as COO, according to a source familiar with the matter. Vetamer is a new $350 million manager run by Lone Pine veteran Paul Eisenstein, whom Hanover will report to. The San Francisco-based hedge fund invests across public and private fintech companies, and was a part of UK-based Monzo’s latest funding round.
  • Ruth Bryson is leaving Highline Capital Management, where she was head of technological investing, and also heading to Vetamer Capital Management as a managing partner. She will report to Paul Eisenstein, the firm’s chief investment officer, a source familiar with the matter told Insider.
  • Venture capital firm Anthemis announced the appointment of two senior leaders and the creation of a strategic advisory board, according to a release. Mei Lim, formerly a managing director in finance and business banking at Barclays, joined Anthemis as CFO and head of corporate development; Harry Harrison, also formerly of Barclays, joined Anthemis as a vice chair. Members of the new strategic advisory board include Sarah Friar, the CEO of Nextdoor and former COO of Square.
  • Matt Heiman is leaving Charles River Ventures, where he was a partner, to join Vetamer Capital Management as a managing director. He will report to Paul Eisenstein, the firm’s chief investment officer, a source familiar with the matter told Insider.
  • Nichole Mann is joining the team at Northern Trust Front Office Solutions as head of operations administration, the firm said in a press release this week. Previously, Mann managed business unit control, valuation control and documentation, operational risk management, and financial reporting and management at various hedge funds, and was also a vice president working on credit derivatives and structured credit products at Morgan Stanley. Northern Trust is a wealth and asset manager with some $1.4 trillion in assets under management. 
  • Nora Tiller is joining the team at Northern Trust Front Office Solutions as head of client solutions, the firm said in a press release this week. Previously, Tiller was the director of investment operations for the university endowment at Georgetown University, where she managed investment accounting, performance analytics, risk measurement, financial reporting, and compliance, according to the press release. 
  • Cetin Duransoy has been appointed to chief operating officer of small-business lending fintech Fundbox. Duransoy was most recently head of global installments at Visa, where he led Visa’s answers to the likes of Affirm and Klarna. Prashant Fuloria, the CEO of Fundbox, previously served as COO, and was appointed CEO when founder Eyal Shinar transitioned from CEO to executive chairman in July last year.
  • Rohit Sabnis is joining the corporate-card startup Ramp, Insider reported. Sabnis is departing Uber, where he was the company’s global payments partnerships lead, Insider reported. At Ramp, he is expected to work on strategic partnerships at the New York-based financial technology company.
  • Pimco is shaking up its legal and compliance department with a series of moves, Insider reported. Rick LeBrun, Pimco’s deputy general counsel, is switching to serve as the $2.2 trillion asset manager’s head of alternatives business management. Nadia Zakir, the former executive vice president and deputy general counsel, serve as the firm’s new chief compliance officer and global head of compliance. Zakir is filling the void left by Jennifer Durham, who plans to retire. Meanwhile, Sung-Hee Suh’s was named general counsel for global regulatory and litigation. 

Shannen Balogh, Dan DeFrancesco, Yoonji Han, Meredith Mazzilli, Alex Morrell, Bradley Saacks, and Samantha Stokes contributed to this report.

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