people moves

deutsche-bankDeutsche Bank AG , which has struggled to overcome investor concerns about its financial strength, is replacing its longtime finance chief with a Goldman Sachs Group Inc. partner, according to people familiar with the matter. Stefan Krause , who has faced criticism from investors over his financial leadership of the giant German bank, will take a newly created position within Deutsche Bank, with responsibilities including strategy, cost-cutting and other issues, the people said. His replacement, Marcus Schenck, was the finance chief of German utility E.ON AG from 2006 through 2013. He joined Goldman Sachs last year. [WSJ]

  • 21 Mar 2014 at 9:30 AM

Departure Watch ’14: SAC Capital

Apparently not everyone considers the chance to add a Point72 Asset Management fleece to their collection enough of an incentive to continue working at firm where 10 people and counting have been charged with insider trading, and CIA technology is used to monitor employee activity. Read more »

Early last year, Mr. Milian became one of the three barbers at Salvatore’s, a shop that caters to Goldman Sachs employees in the atrium of the Conrad Hotel, next to the bank’s global headquarters at 200 West Street in Battery Park City. By his account, all of his clients, junior employees at the bank, would ask for haircuts that didn’t look like haircuts so no one would realize they had left the office. They rarely requested shaves, and when they did, Mr. Milian said, it was always before the opening bell, a sure sign that they had stayed at the office through the night. And forget about after-shave…He said he started hearing buzz about a new barbershop that had opened in SoHo, where he thought he could be more creative. He left Salvatore’s in December and can now be found at Harry’s, a light-filled, two-chair shop born from an Internet shaving start-up founded by two friends…“I didn’t want to do 10-minute haircuts,” said Mr. Milian, who has a tattoo of straight-razor blades on his left forearm. “I wanted to make something.” He now wears vests instead of suspenders, a mustache instead of a stiff upper lip. He gives two or three straight-blade shaves a day, using a soft white towel with an “H” embroidered in the corner. Most important, he said, he feels like he is part of something rather than just a cog in a machine. At Harry’s, he can express himself. And now, he said, he can even grow a beard. [Dealbook]

Others are toughing it out ’til February. Read more »

  • 26 Nov 2013 at 2:42 PM

Guy Related To Famous Guy Leaving NYSE

The New York Stock Exchange is losing another top executive: Larry Leibowitz, the guy known around Wall Street as the chief operating officer of stock exchange parent NYSE Euronext, and just about everywhere else as the brother of “Daily Show” host Jon Stewart. NYSE Euronext was bought this month by an upstart rival from Atlanta, IntercontinentalExchange Group Inc., and Leibowitz will leave the combined company at the end of the year, an NYSE spokesman confirmed on Tuesday. Patrick Healy, CEO of the Issuer Advisory Group, is a fan. He called Leibowitz “the adult in the room” who “did right” by the issuing companies, and he bemoaned the “significant long-term consequences” of Leibowitz’s departure. [MarketWatch]

  • 18 Nov 2013 at 6:03 PM

The Money Honey Is About To Leave The Building

…for competitor Fox Business. Read more »

A person familiar with his thinking said among the reasons was that Geithner specifically did not want to work for a company that he either directly or indirectly regulated at the Treasury or the Fed. He is said to have been concerned with worsening the perception of mistrust that many Americans feel toward government and Wall Street. [CNBC]