There was a wave of top level departures in Europe last week. Senior staff stepped aside to join rivals, clients, or simply spend some time in the sun.
Joao Freixa left Euronext Lisbon for a new job as vice president of Caixa Geral de Depositos, Portugal's largest financial institution. Freixa was head of Euronext Lisbon and a member of the group's managing board. His was the second top level departure from Euronext in less than a year, after George Moller, chief executive of Euronext Amsterdam, left in April.
UBS lost André Sokol, one of its key corporate finance advisors, to Vodafone. Sokol joins Vodafone as head of corporate finance. He worked closely with the mobile telephone company at UBS.
Two of Goldman Sachs' top proprietary traders announced they were taking early retirement. Christian Siva-Jothy is retiring to Italy at the end of the year; Geoffrey Grant is retiring to California. Unlike many of their departing predecessors, Jothy and Grant said they have no plans to set up a hedge fund.
Deutsche Asset Management (DeAM) lost its third senior executive in three months. Ian Goodwin, former chief financial officer, left the firm. Deutsche said he had no immediate plans to join a rival and would take time out of the industry. Following Goodwin's departure, Kevin Parker, head of equities at Deutsche, was named chief executive of DeAM.
Two asset managers resigned from CDC Ixis Fund Management in Paris. Roland Calvo, chief investment officer who sat on the firm's European investment committee, and Laurent Imbert, head of European equities, both announced they were leaving; neither commented on their destination.
Deutsche Bank reshuffled senior staff and streamlined management of its investment banking arm. Michael Cohrs, head of corporate finance, added global banking and global transaction banking to his remit. Anshu Jain, former head of financial markets, became head of sales and trading with responsibility for the global equities and global markets business. The bank also created a regional management committee for Germany under Jürgen Fitschen.
Banks continued to strengthen teams in continental Europe. Citigroup hired Hendrik Hilgert from Deutsche Bank to lead its German mergers and acquisitions team. CSFB lost Antonio Rodriguez-Pina, chairman of its Spanish business, to Deutsche Bank. Rodriguez joins as the new head of Deutsche's Spanish operations. He replaces Juan Carlos Garay.
Interregnum, the UK technology investment bank, hired four managing directors. Niall Doran joins from Intigma, a software company. James Gambrell joins from Waterford Investments. Timothy Gocher joins from a joint venture owned by Powergen and E.On. Alexander MacPherson joins from Inquam, a telecommunications firm.
Lehman Brothers poached a team of three credit strategists from BNP Paribas. Alan Capper joins Lehman as chief strategist. David Brickman and Gregory Venezuelos, colleagues at BNP Paribas, will join him.
ABN Amro poached three banking analysts from UBS. Ian Smillie, Barrington Pitt-Miller, and Ben Lambert will cover UK banks at ABN Amro. They help replace around 30 analysts who have left the Dutch bank since March.
Bank of America hired three for its new leveraged finance business. Jeff Thomas joins from Royal Bank of Scotland as managing director and head of leveraged loan markets. Vito Ronchi joins from Lehman Brothers as vice president, and Georgios Fereos joins from CSFB as an associate. The bank also made two internal promotions in leveraged finance: Richard Woods becomes group business manager and managing director of transaction development; Boris Okuliar becomes an associate.
Marc Bailey, the man behind EDX, the London Stock Exchange derivatives business, joined Cargill Investment Services, a futures and options broker.
Paul Capital Partners, a US-based private equity investor, hired Elaine Small from Spencer Stuart, the recruitment firm. Small joins as managing director of Paul Capital's UK secondary private equity operations.