Putnam Lovell NBF Securities Inc.has appointed Steven C. Pierson as managing director in the firm’s investment banking practice, to head of investment banking, effective immediately.
Pierson, 39, assumes the day-to-day management duties for Putnam Lovell NBF’s investment banking practice from John Griff, the company’s president. Griff in February began overseeing US operations of National Bank Financial Inc. (NBF), Putnam Lovell NBF’s Canadian parent.
Griff’s new assignment includes responsibility for Putnam Lovell NBF, the Proctor NBF merchant banking activities, the treasury and equity derivatives operations of National Bank of Canada, NBF’s parent, and the Fixed Income and Institutional Equity trading activities of NBF in the US.
Pierson, who has worked at New York-based Putnam Lovell NBF since 1995, will continue to report to Griff.
Putnam Lovell NBF has also promoted Aaron H. Dorr and Scott D. Schubert from director to managing director in the firm’s investment banking practice, effective immediately.
Dorr, 34, joined Putnam Lovell NBF in 1998 and has focused primarily on the asset management sector.
Schubert, 43, who specializes in the financial technology and securities brokerage areas, came to the firm in 1999.
“Steve has led the successful expansion of Putnam Lovell NBF’s investment banking practice in the financial technology and securities brokerage areas and has exhibited outstanding leadership qualities,” said John Griff, the firm’s president. “Aaron and Scott have proven to be excellent bankers who have advised on several important transactions in the past several years. Their promotions are well-deserved.”
Pierson has worked on transactions such as the recently announced sale of eSecLending to TA Associates and BNP Paribas’ acquisition of FundQuest Inc. since June 2005.
Dorr has advised on International Asset Management’s sale to ABN Amro Asset Management, and Cadence Capital Management LLC’s management buyout from Allianz Global Investors since June 2005.
Schubert has worked on Pax Clearing Corp.’s sale to Merrill Lynch, and the sale of Derivatives Portfolio Management LLC to Mellon Financial Corp. since January 2005.