PCI Security Standards Council's new hire, Landmark CU's new branch

July 19, 2024 4:52 PM

In this week's banking news roundup: Deanne Zettler is taking on a newly created role at PCI SSC; Wisconsin's Landmark Credit Union is opening a new, tech-forward branch; Mo Assomull is named co-head of investment banking at Morgan Stanley; and more.

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Deanne Zettler named head of product technology at PCI SSC 

PCI Security Standards Council announced Monday that Deanne Zettler will take on the newly created role of head of product technology. She will join the global standards-setting body for secure payments after spending most of her career in leadership roles at Discover Financial Services, then as head of global delivery for Silicon Valley Bank. Most recently, she's been consulting within financial services, concentrating on strategy, transformation and efficient operations.

"We are excited to bring Deanne Zettler onboard as our first ever head of product and technology," said Gina Gobeyn, executive director of the PCI SSC, in a press release.

"The future of payment security standards and programs will need to be agile to meet the needs of payment stakeholders around the world," Zettler said in the release. "I look forward to getting to work." — Traci Parks

Landmark Credit Union to open state-of-the-art branch in Oconomowoc

Wisconsin's Landmark Credit Union is opening a leading-edge branch in Oconomowoc. A testament to the 6 billion-asset credit union's vision of combining tradition with innovation, the new branch will merge the latest in technology with both in-person and virtual support.

"The new Oconomowoc branch will provide innovative solutions and exceptional service to our members," Landmark's Chief Experience Officer Brian Melter said in a press release.

Key features of the new branch will include a coin machine for members to efficiently deposit loose change directly into their accounts; a Swiss-made automated safe deposit box system using robotics to streamline the process of accessing personal items; and a 24/7 locker system, allowing members to securely retrieve important documents outside regular banking hours. Advanced ATMs will handle most routine transactions, with three in-branch machines supported by live associates and three drive-thrus offering extended hours and virtual tellers. — Traci Parks

Morgan Stanley taps Mo Assomull to co-head investment banking

Morgan Stanley is reshuffling the top ranks of its investment-banking business to set up for what it sees as a full-blown revival in dealmaking and borrowing markets.

The company tapped longtime capital-markets banker Mo Assomull as a new co-head of investment banking alongside Eli Gross and Simon Smith, according to an internal memo reviewed by Bloomberg News. The firm also named Evan Damast and Henrik Gobel as new leaders of the global capital markets unit.

The sprouting green shoots in dealmaking may have turned into delayed shoots but the business is positioned to ramp up fast, according to Chief Executive Officer Ted Pick. That was his message Tuesday after reporting earnings where the bank's Wall Street operations handily beat estimates. — Sridhar Natarajan, Bloomberg News

Jefferies hires veteran Barclays banker Le Palud

Jefferies Financial Group has hired Thierry Le Palud, global chairman of industrials in investment banking at Barclays, according to people familiar with the matter.

Le Palud is joining Jefferies as chairman for industrials investment banking in London, said the people, who asked not to be identified as the information is private.

Le Palud has been with Barclays since 2008 and was co-head of global industrials before becoming the global chairman for the sector, his LinkedIn profile shows. Prior to that, he was with Lehman Brothers for 15 years.

Representatives for Barclays and Jefferies declined to comment, while Le Palud didn't respond to requests for comment.

Jefferies has been on a hiring spree to bolster its dealmaking franchise. The New York-based investment bank is hiring Birger Berendes, one of Bank of America 's most-prominent rainmakers in Europe, Bloomberg News reported last month. It's also tapping Citigroup's Michael Borch as head of transportation and logistics for EMEA and Asia. — Dinesh Nair and Pamela Barbaglia, Bloomberg News

Morgan Stanley promotes Miles to global M&A head in revamp

Morgan Stanley has elevated a cadre of senior bankers as part of a first big revamp of key units since Chief Executive Officer Ted Pick took the helm this year.

The overhaul is intended to foster stronger integration between the capital markets and investment banking teams. The promotions didn't include any senior women at the advisory giant, whose top ranks remain dominated by men.

Tom Miles, head of Americas M&A, was tapped to lead the global M&A practice alongside John Collins, according to people with knowledge of the matter, who asked not to be identified discussing private information.

Andrew Wetenhall, co-head of equity capital markets for Americas, will become deputy head of investment banking while Anish Shah will be global head of debt capital markets, the people said. Robert Benn Calhoun was appointed chair of the capital commitment committee. — Crystal Tse and David Carnevali, Bloomberg News