Latin Finance - May/June 2012 - 4

People

Banking Shufﬂes
Gustavo Ferraro has left Barclays Capital, where he was head of LatAm DCM, exiting investment banking for the buyside. He had been with the bank since 2003, and was previously at Citi and Lehman Brothers. Barclays named Monica Hanson to the newly created role of head of global ﬁnance Latin America, a role encompassing regional DCM, ECM and leveraged ﬁnance product origination. She previously headed the bank’s US DCM ﬁnancial institutions team. The British bank has named Raul Martinez-Ostos as country head for Mexico. Martinez-Ostos joins from Deutsche Bank, where he was head of capital markets and treasury solutions for Mexico, Central America and the Caribbean, and was to start in June. Deutsche Bank has hired Je rey Bunzel to head ECM in the Americas. Bunzel was due to start in September, after 18 years at Credit Suisse. Also in New York, Itaú has hired John Corcoran as its new head of bond syndication. Corcoran joins from UBS, where he had been for 15 years, most recently as EM syndicate head. He replaces Surat Maheshwari. Marcia Verona has joined Citi as a director in trade risk distribution for Latin America. She was previously in the LatAm loan syndications group at Santander, before leaving in December. HSBC has named Andre Brandão as CEO for Brazil, replacing Conrado Engel, who resigned to join rival Santander Brasil. Brandão has worked for HSBC since 1999, and since 2010 has been responsible for global markets and global banking in Latin America. Meanwhile, the bank hired Ben Laidler to head research in the Americas. Laidler has left his role as head of Latin America strategy at JPMorgan, and was expected to head research for the Americas. Veteran economist Paulo Leme heads to São Paulo from Miami as Goldman Sachs has named him chairman of Goldman Sachs in Brazil. Leme, who joined the bank in 1993, comes to the role after many years as Goldman’s head of Latin American economic research division. Also relocating to São Paulo is Gerard Cremoux, who has been appointed head of Latin American investment banking at UBS. The Abu Dhabi Investment Authority’s (ADIA) internal equities department has plucked Eduardo Favrin to head Latin America. He joins from HSBC Global Asset Management in Brazil.

Itaú Asset Management has named Gustavo Murgel as its new CEO. He replaces Demosthenes Madureira de Pinho Neto, who leaves to assume other responsibilities in the group. Murgel joins from FRAM Capital, which he helped found in 2006 after stints and ING and Santander. Itaú Private Bank International picked Frances Aldrich Sevilla-Sacasa as CEO, where she is expected to lead its Latin America expansion.

Braskem Moves

Braskem has named Fernando Musa CEO of Braskem America. He will also oversee Braskem’s European operations. He replaces Luiz de Mendonça, who has moved to be CEO of ETH Bioenergia, a member of the Odebrecht Group, the controlling shareholder of Braskem. Oscar Herrera resigned as CFO of Empresas Públicas de Medellín (EPM), citing personal reasons. He is replaced by ﬁnancial planning director Diana Rua. UNE EPM Telecomunicaciones named Claudio Salvador Jimenez vice president of ﬁnance. Alonso Quintana has been appointed CEO of Mexican construction and infrastructure operations company ICA, e ective July 1. He is currently COO and head of the executive committee, positions he has held since July 2011. He succeeds José Luis Guerrero Álvarez. Embraer CFO Paulo Penido Pinto Marques resigned after less than a year, and is expected to join the board of his former employer Usiminas, where he was CFO until joining rival CSN in 2009. Andre Bergstein has been named CFO of Brazilian homebuilder Gaﬁsa , which he joins from asset manager and advisory shop Plural Capital, where he was part of the real estate team. In Chile, Esval has named Nicolas Navarette as CFO. He replaces Augustin Benevente, who left in late February. Telefónica Chile has named Roberto Muñoz Laporte as CEO. He takes the place of Ramiro Lafarga Brollo, who resigned in November. And tortilla maker Gruma has named Joel Suárez as CEO. Suarez was previously the head of the Gruma Corporación subsidiary, and replaces Raúl Peláez, who resigned in August. LF

UPDATE
For daily news on people moves, see www.latinﬁnance.com

4 LATINFINANCE

May/June 2012

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Latin Finance - May/June 2012

Table of Contents for the Digital Edition of Latin Finance - May/June 2012