People on the Move: John Sloan, Allegiance Capital Corp.
John Sloan has been named president and CEO of Allegiance Capital Corp., a Dallas-based private investment bank. Sloan has been with Allegiance since 2007 and previously served as the bank’s vice chairman. In his time with Allegiance, Sloan has played a key role in integrating the bank’s business development and investment banker groups, as well as spearheading growth in the energy vertical. Sloan assumes leadership of Allegiance from David Mahmood, who founded the bank and served as chairman and CEO for the past 18 years. Mahmood will retain his role as chairman and will provide support and guidance for investment banking and business development.