The Herd: New hires and promotions for 11.11.09

Marketing:
John Bedor has rejoined Neathawk Dubuque & Packett, a Richmond-based advertising, public relations and marketing agency, as senior vice president for business development.

Bedor has done similar work at Strategic Insights and RBW, Raleigh, NC, WILink, Richmond, VA and Chemonics International. Bedor returns to ND&P after successfully leading the agency’s business development efforts from 2001 to 2007.

Legal:
Willcox & Savage has added two associates.  J. David Crain is in the Catastrophic Loss and Insurance Coverage Litigation practice group. Crain will focus on defending excess liability carriers faced with catastrophic losses in jurisdictions around the country. He is a 2009 graduate of the William & Mary School of Law and a 2003 graduate from George Mason University.

Bartholomew J. Gengler is in the Commercial Litigation practice group. Gengler will focus on representing companies in federal and state trial courts, and before arbitration panels and administrative agencies. He is a 2009 graduate of the Washington & Lee University School of Law.  Bart earned his B.A. degree in biology from the University of Colorado in 2003.

Investment Banking:
John Minor has joined Cary Street Partners as a managing director the firm’s financial institutions practice. Before joining Cary Street Partners, John was a director in the Financial Institutions Group at Barclays Capital and Lehman Brothers, prior to Barclays’ acquisition of Lehman’s U.S. operations. Prior to Lehman, John worked in the investment banking division of BB&T Capital Markets and Scott & Stringfellow, where he advised community banks, thrifts and mortgage companies. Minor has an MBA from University of Michigan and a B.A. from UVA.

Ray Adams is MICG’s Richmond Branch Manager and Financial Advisor. Adams is formerly with Wachovia Securities and Robert W. Baird.

Aaron Kremer is the BizSense editor. Please send HR notices in the body of an email (not as a PDF) to TheHerd@richmondbizsense.com.

Rules changing for the money management game

The business of managing people’s money is getting a shakeout in Richmond.

With major stock indices off nearly 40 percent, all sorts of clients are reevaluating their advisors, and that has meant opportunity for firms that can land new clients without letting go existing ones. But it also means more pressure to lower rates, which could leave a lasting effect on the local industry and make it less profitable for years to come. Read more

First Market Bank bought by Union Bankshares

Richmond-based First Market Bank was acquired by Union Bankshares Corp. in an all-stock deal valued at about $100 million. The new holding company will move its headquarters from Bowling Green to Richmond, although that will only bring a few jobs downtown. Read more