From HedgeFund.net | Chicago-based Citadel LLC has hired Miguel Abreu, a former JPMorgan commodities trader who worked at JPMorgan’s commodities trading desk before it was shut down.
Filed under: Chicago executives
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Dec. 10, 2010 at 11:14 a.m.
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Filed under: Banking, Chicago executives, Investing, Personnel moves Citadel hires JPMorgan trader Miguel Abreu
Dec. 9, 2010 at 4:10 p.m.
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Filed under: Chicago executives, Jobs/employment, Personnel moves Getco lands NYSE’s options head in hiring spree
Chicago-based Getco LLC hired the New York Stock Exchange parent company’s director of options, to spearhead its relationships with global exchanges, the big market maker and high-frequency trader said on Thursday. Get the full story »
Caterpillar names IBM, Abbott execs to board
Heavy machinery company Caterpillar Inc. has named executives from IBM and healthcare company Abbott Laboratories to its board.
Miles White, who will serve on the governance committee, has served as Abbott’s chief executive since 1998, while Jesse Greene serves as IBM’s chief risk officer and has worked at the computer company for 30 years. Greene will serve on Caterpillar’s audit committee. Get the full story »
Acco names Elisman president and COO
Acco Brands Corp. promoted Boris Elisman, head of operations for its Americas region, to the new roles of president and chief operating officer.
The office-products business has reported improving results in recent quarters. In October it reported its Americas segment–the biggest top-line contributor–saw third-quarter operating profit edge up 1 percent as net sales grew by the same margin. The company produces widely recognized brands such as Swingline staplers and Kensington computer accessories. Get the full story »
LKQ Corp. president Holsten to resign in 2011
Recycled auto parts supplier LKQ Corp. announced Tuesday its current CEO Joseph Holsten will resign his position late next year, but will first serve as co-CEO for one year with Robert Wagman, the company’s current vice president of operations, to ease the transition for Wagman. Holsten, who has served as president and CEO since November 1998, will step down December 31, 2011.
After his resignation, Holsten will stay on at the company as vice chairman of the board and as a consultant for operations and corporate strategy.
CBOE’s Brodsky open to making acquisitions
CBOE CEO William J. Brodsky (center), facing camera, kicks off CBOE's first day as a publicly-traded company on the NASDAQ on June 15, 2010. (José M. Osorio/Chicago Tribune)
CBOE Holdings Inc. CEO William Brodsky said he is open to growth by acquisition, but added that the exchange operator’s tendency to build its own systems rather than buy them has saved shareholders money.
Asked at a conference hosted by Goldman Sachs if he would consider making acquisitions, Brodsky said, “We are certainly open to that. We are looking at things strategically in ways we couldn’t have six months ago.” Get the full story »
PrivateBank chooses business banking head
Chicago-based PrivateBancorp Inc. named Thomas Doherty as its managing director and head of business banking, making a key hire in its community banking unit. Get the full story »
Citadel’s Griffin contributes to Karl Rove’s PAC
Ken and Anne Griffin. (Andrew Campbell)
From Bloomberg News | Kenneth Griffin, chief executive of Chicago-based hedge fund Citadel Investment Group LLC, and his wife Anne each contributed $250,000 to Karl Rove’s American Crossroads fundraising group, new Federal Election Commission reports show. Get the full story>>
Former CBOT boss named president of Sun Holdings
Bernard Dan, the former head of the Chicago Board of Trade and brokerage company MF Global Holdings, has joined the proprietary trading firm Sun Holdings LLC as president.
The move sees Dan, a major figure in listed derivatives markets, rejoin the financial services industry eight months after departing MF Global for personal reasons. Get the full story »
Chicago movers have stakes in Fed crisis programs
Chicago’s Arie and Ida Crown Memorial, the Crown Investment Fund, the Edgar D. Jannotta Jr. Revocable Trust and Allstate were among the “material investors” in various trusts and funds that borrowed under Federal Reserve programs aimed at easing the financial crisis, newly released records show.
The Term Asset-Backed Securities Loan Facility, or TALF, was set up by the Fed in November 2008 and began lending in March 2009. Get the full story »
Dec. 1, 2010 at 10:41 a.m.
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Filed under: Books, Chicago executives, Entertainment, Media Oprah to announce next Book Club pick Monday
(Jason Merritt/Getty Images)
Oprah Winfrey plans another pick for her popular book club.
Harpo Productions said Tuesday that current Oprah’s Book Club author Jonathan Franzen will appear on Monday’s episode of “The Oprah Winfrey Show.” Winfrey chose Franzen’s latest book “Freedom” in September as the first selection for the 25th and final season of her talk show.
On that same episode, Winfrey will announce her next book club pick. The new selection comes about 11 weeks after Winfrey chose “Freedom.” Since 2008, she has averaged one or two selections a year. Winfrey’s book club choices have vaulted to the best-seller list and given authors instant fame. Get the full story »
Dec. 1, 2010 at 10:32 a.m.
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Filed under: Cell phones, Chicago executives, Personnel moves, Technology Motorola introduces new board of directors
Motorola unveiled Wednesday its board of directors for Motorola Solutions, one of the two new companies that will result from a planned split in January.
The separation is scheduled for Jan. 4, 2011. On that date, Motorola will spin off Motorola Mobility, a company led by current co-Chief Executive Sanjay Jha that will focus on mobile devices and television set-top boxes. The remaining company, headed by co-CEO Greg Brown, will become Motorola Solutions and trade on the New York Stock Exchange under the ticker symbol “MSI.” Motorola Solutions will make communications equipment and software for public safety, government and industrial sectors. Get the full story »
Nov. 30, 2010 at 12:05 p.m.
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Filed under: Bank failures, Banking, Chicago executives, Personnel moves ShoreBank successor makes two hires
The successor to failed ShoreBank has added a new director and a new personnel executive.
Urban Partnership Bank of Chicago has tapped Martin Eakes, chief executive of the Center for Responsible Lending, a financial watchdog group based in Durham, N.C., for its board of directors pending regulatory approval.
“Martin has a deep understanding of the unmet financial services needs of the bank’s underserved urban communities and has strong ties to residents, entrepreneurs, and leaders of community organizations,” said William Farrow, CEO of Urban Partnership Bank.
Get the full story »
Playboy looks to Asia for growth
From Time Magazine | With this week’s opening of the Playboy Club Macao, Playboy CEO Scott Flanders said he is confident he’s found a place for the iconic company in the digital age. Instead of relying on American men buying magazines and watching cable, the company’s profits will depend on two seemingly unlikely demographics: Asian women and cosmopolitan clubgoers. Get the full story>>
