WEALTH ADVISORS

The independent multi-family investment company said it hired Christopher Smith as a principal. Smith was a director of the corporate client group at RBC Capital Markets.

LEGAL & GENERAL INVESTMENT MANAGEMENT

Chicago-based investment manager Legal & General Investment Management America said it hired Aaron Meder in a new role as head of U.S. pension solutions. Meder was a managing director and head of asset-liability investment solutions at UBS Global Asset Management.

MAYER BROWN

The law firm said it hired Dallas Parker from Thompson & Knight as a partner in its corporate and securities practice in Houston.

BANK OF AMERICA MERRILL LYNCH (BAC.N)

Merrill Lynch appointed Giles Hutson as Managing Director of its EMEA debt capital markets team. Hutson joins Merrill Lynch after a 11-year stint at Morgan Stanley (MS.N) where he was co-head of EMEA debt capital markets.

FRANKLIN TEMPLETON INVESTMENTS

The investment company named Adam Gorlyn vice president of its sovereign funds and supranationals group. Gorlyn worked as a portfolio specialist with the Franklin Templeton Fixed Income group.

KNIGHT CAPITAL GROUP INC (NITE.O)

The firm named Didier Bankole vice president of sales for its electronic trading group (ETG) in Europe. Bankole joins Knight from NYSE Euronext (NYX.N) where he was in charge of global account management.

LASALLE INVESTMENT MANAGEMENT

LaSalle Investment Management appointed Andy Watson to the newly created role of head of core funds and separate accounts, continental Europe. Watson previously worked as international director in the company's Paris office.

EMIRATES NBD ENBD.DU

The head of retail banking at Emirates NBD is to step down, three people familiar with the matter said, in the second major departure from the lender. [ID:nLDE63B08J]

T. ROWE PRICE GROUP (TROW.O)

The investment management firm named Michael Joehr as a client service executive focused on southern Europe and Switzerland. Most recently Joehr was senior relationship manager with Allianz Global Investors Europe GmbH.

QUILTER

The investment management services provider named Gillian Bailey as an investment manager at its Glasgow office. Bailey joins the firm from Cornelian Asset Managers in Edinburgh, where she was associate director. (Compiled by Arnika Thakur in Bangalore and Elinor Comlay in New York. Editing by Robert MacMillan)

Harvard University announced yesterday that William F. Lee, a nationally known Boston lawyer with deep roots in the university, has been elected to the Harvard Corporation, the institution’s principal governing body.

Lee, who is co-managing partner of the Wilmer Cutler Pickering Hale and Dorr law firm that employs 1,000 lawyers, will join the seven-member Harvard Corporation July 1, when James R. Houghton, 73, its longest-serving member, steps down after 15 years of service.

Lee, twice named one of the 100 most influential lawyers in America by the National Law Journal, graduated from Harvard in 1972 and taught courses at Harvard Law School for about five years. He served for six years on the Harvard Board of Overseers, the 30-member consultative body elected by university alumni.

In a phone interview yesterday, Lee noted that as a Board of Overseers member he served on two joint committees with the corporation — the audit committee and the presidential search committee that chose Drew Gilpin Faust to succeed Lawrence Summers in 2007 — so he has worked with the seven current members of the corporation, which is led by Faust and picks new members when vacancies occur.

Lee said his overriding priority will be to keep all the institutions that make up Harvard innovative.

“Harvard is the most unique and extraordinary institution in the world,’’ he said, “but . . . there’s also a lot of inertia that comes from age and traditions.’’

Lee said his years of focus on intellectual property legal issues have made clear to him “there is nothing more important than the area of science and technology,’’ and he would work to make sure that Harvard is at the forefront of both those fields.

A lawyer opened a sex discrimination trial Thursday by accusing the U.S. arm of Swiss drug company Novartis of discriminating against 5,600 female sales representatives, saying they are denied promotions and equal pay and sometimes face a hostile workplace.

Attorney Katherine Kimpel acknowledged to the jury in federal court in Manhattan that the company has extensive written materials warning against discrimination but accused it of "saying one thing on paper but another thing in real life."

She said women hired since 2002 entered a company that disrespects and undermines its female workers, resulting in lower pay, fewer promotions and sometimes a hostile workplace dominated by an "old boys network."

She said the discrimination was especially severe for women who became pregnant. Sometimes, she said, they faced managers who fished through their work looking for ways to spoil their careers or pressured them to take shorter leaves or to work while they were on leave.

Novartis attorney Richard Schnadig said the company does not discriminate against women and there was no glass ceiling.

"This is a fair, decent, responsive company that has been sensitive to women's' needs," he said. "We don't discriminate. ... the company makes no claims that we're perfect."

Schnadig said 70 percent of its sales managers are men because the demographics of the workplace have not yet recovered from the days when fewer women entered the work force. He said the company has 14,000 U.S. employees with significant numbers of senior positions held by women, some of whom will testify at the trial.

Michael S. Margulies, a prominent Twin Cities real estate lawyer and recently resigned member of the St. Paul Planning Commission, was forced to withdraw as partner of Minneapolis law firm Lindquist & Vennum after the firm claimed he engaged in professional misconduct.

The firm's investigation "uncovered the fact that (Margulies) had misappropriated significant sums from a limited number of clients and from the firm," said Daryle Uphoff, managing partner of Lindquist & Vennum, in a written statement.

The statement came Friday, the same day Margulies, 56, of St. Paul, and his personal company, Triad Services, were sued in Ramsey County District Court by a real estate development company for which he had worked as an attorney, secretary and treasurer.

In the lawsuit, CMB Minnetonka LLC alleged that Margulies "made numerous illicit withdrawals" from CMB's bank account and line of credit at Highland Bank and used the money — $1.5 million or more — for his own purposes.

Specifically, the suit claims Margulies spent the money to overhaul the historic mansion at 516 Summit Ave. in St. Paul that he owned with his former wife.

"It's a matter of somebody getting way out of line with the authority they were given as a lawyer," said Douglas Elsass, attorney for CMB.

BeBevCo announced today they have hired a new legal team: McMullen Associates LLC from Charlotte, North Carolina. McMullen Associates LLC is a Securities and Corporate Law Firm that specializes in Securities Regulation, Corporate Law, Mergers and Acquisitions, Corporate Finance, Business Law, Private Placement Memorandums, Exchange Listings, Franchising, as well as all general securities law practice and corporate law matters. "After a five-hour meeting that included four of our staff and five of theirs, it was by far the most educational as well as convincing that McMullen Associates team of experts will get the job by helping us develop short and long term strategies to move BeBevCo along a path to the Bulletin boards and then on to the AMEX," said CEO Brian Weber.

About BeBevCo - BeBevCo (Bebida Beverages Company) develops, manufactures and markets several beverages including Koma Unwind "Chillaxation Drink ™," Koma Unwind Sugar-free "Chillaxation Drink ™" and Koma Unwind "Chillaxation Shot™" as well as Potencia Energy Drink and Potencia BLAST energy shot, Piranha Water.