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Michael Madden, the former PaineWebber, Lehman Brothers and Kidder Peabody & Co. banker and executive, has joined Questor Management Co. as a principal.
Madden, who was most recently executive director of Beacon Group Holdings LLC, will work on mergers and acquisitions and help make investments for Questor Partners Fund II, an $840 million private equity fund that will acquire controlling stakes in distressed companies and non-core operations of U.S. companies.
Banque Nationale de Paris launched a hostile $37.2 billion bid for both French banks involved in a proposed $17 billion merger of their own.
Though the bid faces serious obstacles, it is designed to thwart the proposed merger of Societe Generale and Paribas by offering to swap 15 BNP shares for each Societe Generale share, and 11 BNP shares for each Paribas share. If successful, the hostile bid would create the world's biggest bank, with nearly $1 trillion in assets.
Goldman Sachs Group LP, which is slated to launch its long-awaited initial public offering this spring, has named David Viniar as chief financial officer.
Viniar, formerly deputy chief financial officer, succeeds John Thain, who became co-chief operating officer in Goldman's management shake-up in January.
The firm also named Barry Zubrow, who had been head of the credit department, as chief administrative officer. In addition, it is adding Robin Neustein, the firm's chief of staff, and Leslie Tortora, head of technology, to the firm's 15-member management committee.
BancBoston Robertson Stephens has named the following executives to the firm's San Francisco equity derivatives business: James Considine, principal; Robert Meade, principal; James (Bud) Nagle, principal, and Warun Kumar, vp.
All four join from J.P. Morgan Securities in New York. Considine worked at J.P. Morgan for 12 years, most recently as a senior equity derivative trader. Nagle was a senior equity derivative trader. He spent five years at J.P. Morgan following a three-year stint at O'Connor and Associates (now UBS). Meade served as a senior member of the equity derivative research team at J.P. Morgan.