Microsoft reshuffles financial services execs
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Company creates roles, reassigns others to better respond to customers' needs in banking, capital markets, insurance.
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Microsoft has announced the resignation of its head of acquisitions, Bruce Jaffe, two days after the company bid $1.2 billion for enterprise search expert Fast Search & Transfer.
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Deutsche Bank announced plans to reshuffle its management in order to meet its profit target for next year.
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Microsoft has tapped a former executive at Walt Disney to fill its CIO position, a move that shows the company continuing to fill top executive positions from outside the company.Tony Scott, who most recently was CIO at Walt Disney, will take over that same role at Microsoft in February, reporting to Chief Operating Officer Kevin Turner. Scott, who also will be a corporate vice president at Microsoft, replaces Stuart Scott, who&#160;departed the company in November. The two are not related.Scott will manage Microsoft&#39;s 4,000-person IT organization, which is responsible for all of the technology systems supporting the company&#39;s worldwide sales, marketing, and services operations, as well as the enterprise systems and applications for all corporate processes.At Disney, where he was senior vice president in addition to CIO, Scott was the first CIO to manage the entire company&#39;s IT systems, according to Microsoft. Prior to Disney, Scott was CTO at General Motors and vice president of operations at Bristol-Meyers Squibb.There are a lot of new faces in the ranks of upper management at Microsoft, with a rash of them signing on to the company in the last six months. Just last week Microsoft revealed that company veteran Jeff Raikes, president of its Business Division, will&#160;leave the company in September. The company tapped an outside executive -- former Juniper Networks, Macromedia, and Adobe executive Stephen Elop -- to fill that role.Other new hires to the company since last July include: Dan Reed, Microsoft Research director of scalable and multicore computing in November; Robert Youngjohns, president of North American sales and marketing and corporate vice president in November; Brian McAndrews, senior vice president, Advertiser and Publisher Solutions Group in August; and Don Mattick, senior vice president, Interactive Entertainment Business in July.There is likely more new blood to come as Microsoft also confirmed last week several other executive departures: Bruce Jaffe, corporate vice president of corporate development; Charles Fitzgerald, Microsoft&#39;s general manager of platform strategy; and&#160;Rob Short, corporate vice president of the Windows Core Technology group.Apart from CEO Steve Ballmer and Robbie Bach, president of Microsoft&#39;s entertainment and devices division, many of the company&#39;s other top executives have joined the company in the past three years. They include the man widely seen as Gates&#39; successor, Chief Architect Ray Ozzie, who joined Microsoft in 2005. Kevin Turner, Microsoft&#39;s chief operating officer, and Steve Berkowitz, senior vice president of Microsoft&#39;s Online Services Group, also joined the company that year.
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The head of Microsoft&#39;s mobile phone group is jumping ship, moving to U.K. mobile operator Vodafone Group to run its Internet services.Pieter Knook will join Vodafone on March 10, where he will lead a new unit delivering consumer Internet services, Vodafone said Thursday.Vodafone&#39;s announcement comes in the wake of press reports that Microsoft will reshuffle its executive team later Thursday.Knook&#39;s replacement as head of Microsoft&#39;s mobile communications business is likely to be Andrew Lees, currently with the company&#39;s server and tools group, according to a report on the Web site of The Wall Street Journal on Wednesday night, which cited a person familiar with the situation. Both Knook and Lees are Microsoft veterans, working with the company since 1990.Microsoft announced another change in its mobile business on Wednesday, with the acquisition of mobile device maker Danger, marking its first move into the manufacture of mobile phones. Until now, it has left the hardware to other companies, licensing its mobile operating system to them.There will be other staff changes at Microsoft, with three other vice presidents expected to leave in the coming months, the WSJ report said. It named Michael Sievert, currently in charge of Windows marketing, and Steve Berkowitz, a manager of the company&#39;s online business, as among those who will leave.Vodafone said Knook&#39;s arrival will allow it to move forward with its &quot;Mobile Plus&quot; strategy to generate new revenue streams such as mobile advertising, and integrated mobile and PC offerings.Microsoft representatives could not be immediately reached for comment.
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Capital One Financial, the largest independent U.S. credit-card issuer, promoted Lynn Pike to head its banking business, replacing former North Fork Bancorporation chief executive John Kanas as part of a management reshuffle.
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Microsoft Corp. said Thursday that Jeff Raikes, the top executive in its business software division, will retire in September.
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Publisher McGraw-Hill Cos Inc is  replacing the president of Standard & Poor&#39;s, the company&#39;s  financial services division, effective immediately, amid  questions about the role of credit-rating agencies in the  subprime mortgage crisis.
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Microsoft Corp. is hiring hundreds of new staff for its operations in Hyderabad over the next 12 months, the company&#39;s chief executive officer, Steve Ballmer told reporters Monday in Bangalore, India.
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In a move Citigroup Inc. said was aimed at broadening the experience of up-and-coming executives, two of its top managers are swapping jobs.
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Telstra has reshuffled its executive team in the wake of a reported board decision to restructure its operations to appease the competition regulator ahead of the carrier&#39;s likely full privatisation.
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The departure of Farzad Nazem will follow other senior executives who have left in the wake of the overhaul.
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MicrosoftÂ is bringing on a former PeopleSoft executive to oversee its CRM product, saying Thursday that Brad Wilson will take over next week as general manager of its Business Solutions CRM (customer relationship management).
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Fortis, Belgium&#39;s biggest financial- services company, named Jean-Paul Votron, former head of Citigroup&#39;s retail bank for Western Europe, to take over from Chief Executive Anton van Rossum.
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The head of Microsoft's Business Division is leaving the company, to be replaced by former Juniper Networks COO Stephen Elop in September.
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Two top-ranking executives of the insurance brokerage unit at Marsh &amp; McLennan Company and the company&#39;s general counsel were forced out yesterday as Marsh took another step in reorganizing
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Germany's Deutsche Bank, often accused of neglecting its domestic business in favor of more lucrative investment banking activities, plans to reshuffle its management team to bolster its position at home, a banking source revealed.