UBS Hires William Newby (’79) as Managing Director and Head of Americas Gaming and Leisure Investment Banking
UBS Investment Bank announced that William Newby (FTMBA ’79) has joined its Investment Banking Department as a managing director and head of Americas Gaming and Leisure coverage in the real estate investment banking group.
Newby comes from Bank of America, where he served as senior client manager for Bank of America Securities’ Gaming and Leisure Group. At Bank of America, Newby was responsible for setting up and building the gaming banking franchise into a leading gaming industry banking group. Prior to joining Bank of America, Newby was a Vice President with the National Westminster Bank USA in Los Angeles. Newby also served for eight years on the board of directors for the American Gaming Association, the gaming industry’s senior peer council, together with 15 CEOs from the most prominent gaming and gaming supply companies in the sector. He was the only board member from the financial community.
Petro Resources Announces New Management Changes, Ronald D. Ormand (’82) Joins Company as Executive Vice President, CFO
Petro Resources Corporation, an independent oil & gas exploration and production company located in Houston announced that Ronald D. Ormand (’82) has also joined the company as executive vice president, chief financial officer and a member of the Board of Directors.
Ormand has over twenty five years of investment and commercial banking experience in the energy industry. Most recently, he served as senior vice president and CFO for Gruy Petroleum Management LLC, Inc. and as president of Perugia Advisors, Inc., a financial advisory and private investment firm focused on the energy industry. Before that, Ormand served as president, CFO and member of the board of directors of Tremisis Energy Acquisition II, Corp., a special purpose acquisition company focused on energy and environmental projects until the sale of a majority interest in Tremisis II to a Korean Investment group in March 2009 he remains as a member of the board of Tremisis II. From 2005 to 2007, he served as managing director and head of the North American Oil and Gas Investment Banking group at WestLB AG. From 1988 until December 2004, Ormand was with CIBC World Markets and Oppenheimer & Co., and served as managing director and head of CIBC World Markets' U.S. Oil and Gas Investment Banking Group.
Churchill Downs Incorporated Names Rohit Thukral (’93) Executive Vice President of Technology Initiatives
Churchill Downs Incorporated (CDI) announced the appointment of Rohit Thukral (FEMBA ’93) to serve as the company's executive vice president of technology initiatives and president of CDI's national advance-deposit wagering platform, TwinSpires.com. In his new role, Thukral will oversee the operations and development of TwinSpires, as well as other CDI technology initiatives. Thukral assumes his new role effective immediately.
Thukral comes to his new position after two years with TwinSpires, where he served as vice president of product development. Prior to joining CDI, he served as vice president of product management for BDNA Corporation, a leading provider of IT infrastructure management solutions. He has also worked as senior director of software development for Aspect Development in California and held numerous positions within Mentor Graphics, a developer of electronic design automation software.
Mukund Srinivasan (’00) Is the New Vice President of Finance for Pricelock
Pricelock, the Redwood City company that provides Internet-integrated commodity price protection products named Mukund Srinivasan (’00) vice president of finance. Previously, he was vice president of finance at Credence Systems. As VP of Finance, Srinivasan is responsible for all finance and accounting operations. In this role, he oversees functions that support Pricelock's growth and operations including financial planning, financial reporting, treasury and taxes.
Prior to joining Pricelock, Srinivasan held a similar position and title at LTX Credence, a maker of automated test equipment for the semiconductor industry. His experience there included a stint as the corporate controller as well as being part of the team that worked on the merger between Credence Systems and LTX Corporation. Prior to LTX Credence, he held senior finance roles at KLA Tencor and also worked at JP Morgan in investment banking.
Knight Libertas UK Establishes European Credit Sales and Trading Team, Justin Perry (’01)
Knight Capital Group, Inc. announced that Knight Libertas UK has established a European Credit Sales and Trading team based in London. The new team includes Justin Perry (FTMBA ’01) as an institutional fixed income broker-dealer. Knight Libertas UK provides secondary market liquidity and credit-based analysis across a broad range of fixed income securities, including investment grade and high yield bonds, bank loans, emerging market credit and sovereigns. Perry will serve as a member of the high yield sales team as director, European Credit Sales and Trading.
Perry joined Knight Libertas from Lehman Brothers International Europe where he was a director in fixed income based in London and conducted sales across high grade, high yield, distressed, loans cash and CDS. Perry also worked in Lehman's Investment Banking division in debt capital markets covering U.S. Corporate and UK financial issuers. He started his career at Lehman in emerging markets debt origination.
Greg Richart (’09) Appointed to the Position of Senior Vice President, Chief Financial Officer
Euro Disney S.C.A. announced that Greg Richart (EMBA ’09) has been appointed to the position of senior vice president, chief financial officer of Euro Disney S.A.S., the management company of Euro Disney S.C.A.
Reichart joined Disneyland Paris at the beginning of 2007 as vice president and chief accounting officer and has been leading the teams in controllership, corporate reporting, taxation, and internal audit. Prior to this post, Reichart joined in 2003 the transaction support department at The Walt Disney Company in Burbank. There he was responsible for providing accounting and analytical support to business units of the company that were considering mergers and acquisitions or emerging business opportunities, as well as monitoring and overseeing the implementation of new accounting and reporting requirements. Before working at The Walt Disney Company, he began his career in 1996 within the audit department of Arthur Andersen in Los Angeles.