Executive moves, week of July 19, 2010

Erman heads to Allied Minds

Greg Erman

has joined Allied Minds as an entrepreneur-in-residence, with a focus on medical technologies. He most recently served as president and CEO of Novo Medical Corp. Allied Minds is an early stage venture firm focused on commercializing technologies from U.S. universities and national labs.

Rajago returns to Starwood

Sundaram Rajago

is rejoining Starwood Capital Group as managing director of India and Southeast Asia. He had left the firm in 2005 to join Third Point India, after which he went to Lehman Brothers. At Starwood, he will succeed Balaji Rao, who is leaving the firm “to pursue other interests.”

Schecter leaves WHI

Adam Schecter

, founder and managing partner of Chicago-based buyout shop WHI Capital, has left the firm, effective June 30. Schecter has joined Geneva Glen Capital, a new firm that was launched by Jeff Gonyo, a former investor with Wind Point Partners. His departure follows that of Eric Cohen, who stepped down as managing partner of WHI Capital last month.

Still no word on Cohen’s destination. It is unclear if Cohen also is joining Geneva Glen.

Mike Schopin, one of three investment professionals still listed on WHI’s website, said that WHI Capital still has dry powder from its $170 million fund raised in 2006, plus some additional commitments from sole sponsor William Harris Investors, a family-based asset management firm.

Schopin added that no decisions had been made on whether to add new staffers, but that the remaining team is able to leverage the 20 or so investment pros working on other efforts for WHI. —Dan Primack

Breckon joins Teachers’ Private Capital

Robert Breckon

has joined Teachers’ Private Capital, the private equity department of the Ontario Teachers’ Pension Plan, as senior advisor. He will source and evaluate transactions in the health care sector. Breckon was most recently senior vice president at MDS Inc., where he led acquisitions in North America, Europe, Asia and South America.

Battery boosts staff

Battery Ventures has promoted three Jesse Feldman, Brian O’Malley and Satya Patel each from principal to partner.

Siemens salutes Majors

Mike Majors has joined Siemens Venture Capital as a Boston-based investment partner. He previously was chief financial officer of employment search engine Indeed.com.

Hilco hires Berk

Mitchell Berk

has been named CEO of Hilco Consumer Capital. He most recently founded and ran Vortex LLX.

Cowen corrals Costa

Michael Costa has joined Cowen Group as head of M&A and vice chairman of investment banking. He previously was a managing director focused on M&A with Merrill Lynch.

Standard Chartered hires Labib

Taimoor Labib has joined Standard Chartered as head of Middle East private equity. He previously led private equity for Jadwa Investment, a Riyadh-based merchant bank.

Anderman heads to Paine & Partners

Thomas Anderman

has joined Paine & Partners as a principal in the firm’s New York office. He previously was a vice president with BAML Capital Partners and, before that, worked at Freeman Spogli & Co.